The subjects comprise a ground floor retail unit contained within a detached single storey building of traditional brick/slate construction. The property has been extended to the rear to provide back shop facilities, having a 7m frontage to Main Street incorporating glazed display facilities, all protected by roller shutter blinds.
Location
The subjects under consideration are located within the west central Fife town of Lochgelly, which is situated approximately 8 miles from Dunfermline and 7 miles West of Kirkcaldy. The town has a population of approximately 7,000 persons and has its own branch line railway station lying on the Fife Circular line which connects to Edinburgh. The town lies adjacent to the East Fife Regional Road which links to all of Fife’s principal towns, as well as linking into the M90/Forth Road Bridge and connecting to Edinburgh and central Scotland.
A Fife Council led regeneration initiative is ongoing within the town and should lead to significant improvements in the environment. This, together with proposed housing development, will undoubtedly impact on the prosperity of the town and its retail traders. The subjects are located on the town’s main thoroughfare, lying on the north side of Main Street on a busy bus route.
Accommodation
The subjects provide a gross internal floor area of 73.1 sq m (790 sq ft) providing the following accommodation:-
Open Plan Front Shop, Back Shop partitioned into three areas and Toilet Facilities.
Terms
ASSESSMENT:
We have consulted the Scottish Assessor’s website and note that the premises are entered in the current Valuation Roll as follows:-
Rateable Value: £4,050
We are advised that the current business rate is 45 pence.
ENERGY PERFORMANCE RATING:
To be confirmed.
GENERAL REMARKS:
Lochgelly has been identified by Fife Council as a regeneration area and already considerable investment has been committed to the area to improve the local environment. Significant amounts of this has been spent on Main Street and this greatly improves the local environment. Fife Council have carried out a number of projects in the town centre and Lomond Homes, one of the region’s main house builders, have also a substantial ongoing development on the edge of town with other residential development now planned. Further expansion and growth of the town is anticipated and this will bring a major boost to the local economy and should improve trading potential.
PRICE
Our clients seek offers in excess of £6,000 per annum for the benefit of the leasehold interest.
OFFERS
Principal Heads of Terms should be agreed with the LettingAgent and thereafter the Landlord’s Solicitor will issue a formal lease.