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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

SUPER SIZED HIGH STREET PROPERTY in prominent spot in Cowdenbeath Town Centre let to Labrokes on FRI Lease until November 2026 with IMMEDIATE RENTAL INCOME OF £7,000 per annum. 100% SECURE TENANT.

SUPER SIZE AND LOCATION IN BUSY TOWN CENTRE with business open and trading well. HIGH FOOTFALL LOCATION on the main thoroughfare in Cowdenbeath close to train station and major local attractions.

Ground floor commercial premises within a larger 2 storey mixed use development of sandstone construction surmounted by a pitched roof. ***SUPER SIZE- 88.72sqm (955sq ft)***

Internally comprises Open-plan shop floor with W.Cs, Staff area, tea-prep/ kitchen. Eye-catching dual display windows, central doorway, aluminium roller shutters. Finished to corporate specification

100% SECURE TENANT giving guaranteed rental income of £7,000 per annum until November 2026- with potential for extension. Tenant did not exercise break option in 2022 with super reputation locally.

SUPER SIZED HIGH STREET PROPERTY in prominent spot in Cowdenbeath Town Centre let to Labrokes on FRI Lease until November 2026 with IMMEDIATE RENTAL INCOME OF £7,000 per annum. 100% SECURE TENANT. SUPER SIZE AND LOCATION IN BUSY TOWN CENTRE with business open and trading well. HIGH FOOTFALL LOCATION on the main thoroughfare in Cowdenbeath close to train station and major local attractions. Ground floor commercial premises within a larger 2 storey mixed use development of sandstone construction surmounted by a pitched roof. ***SUPER SIZE- 88.72sqm (955sq ft)*** Internally comprises Open-plan shop floor with W.Cs, Staff area, tea-prep/ kitchen. Eye-catching dual display windows, central doorway, aluminium roller shutters. Finished to corporate specification. 100% SECURE TENANT giving guaranteed rental income of £7,000 per annum until November 2026- with potential for extension. Tenant did not exercise break option in 2022 with super reputation locally.

The property is situated on the East side of High Street, close to its junction with Union Street within the main commercial thoroughfare of Cowdenbeath. Cowdenbeath is a small town located in Central Fife with a resident population in the region of 12,000 persons. Cowdenbeath is within a very short travelling distance of the A92 dual carriageway which is Fife’s main traffic thoroughfare and providing good road links to Edinburgh, Central Scotland and beyond. Neighbouring occupiers include Bargain Store, Beath Inn, Asian Cuisine, Cowdenbeath Train Station and Baynes the Baker.

Full Address: 187 High St, Tenanted Ladbrokes Investment, Cowdenbeath, KY4 9QE

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Nov 2026
Rent: £7,000 per year / £583 per month
Yield: 12% (approx)
Tenant: Company
Notes: The property is held on a full repairing and insuring head lease on the following terms; Tenant: Ladbrokes Expiry: 28th November 2026 Tenant Break: 28th November 2022 (Tenant BREAK NOT EXCERCISED) Passing Rent: £7,000p.a.x.

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Pricing Information & Bidding

Opening Bid: £60,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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