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Guide Price
£86,000


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09 May 2024, 3pm

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Description

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

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted High Street commercial property let on new 10 year FRI lease with passing rent of £8,280 per annum. Highly secure tenant in place since 2017.

CLASS 3 HOT FOOD CONSENT PROPERTY IN SUPER TRADING POSITION ON KIRKCALDY HIGH STREET. Super trading position with settled occupier trading extremely well. New 10 year lease signed in March 2022.

Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by.

HIGHLY PROMINENT FRONTAGE ONTO HIGH STREET. Comprises Service area, front shop, Kitchen, Storage with Fridges, rear kitchen, W/C further storage and Cold shed out of the back of the property.

SUPER SIZE AND LOCATION- Gross internal Floor area 441.32 sq ft (41.23 sq m). PERFECT PAYMENT HISTORY WITH LEASE RECENTLY EXTENDED BY 10 YEARS. Super yield with tenant paying £8,280 per annum.

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted High Street commercial property let on new 10 year FRI lease with passing rent of £8,280 per annum. Highly secure tenant in place since 2017. CLASS 3 HOT FOOD CONSENT PROPERTY IN SUPER TRADING POSITION ON KIRKCALDY HIGH STREET. Super trading position with settled occupier trading extremely well. New 10 year lease signed in March 2022. Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by. HIGHLY PROMINENT FRONTAGE ONTO HIGH STREET. Comprises Service area, front shop, Kitchen, Storage with Fridges, rear kitchen, W/C further storage and Cold shed out of the back of the property. SUPER SIZE AND LOCATION- Gross internal Floor area 441.32 sq ft (41.23 sq m). PERFECT PAYMENT HISTORY WITH LEASE RECENTLY EXTENDED BY 10 YEARS. Super yield with tenant paying £8,280 per annum.

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted High Street commercial property let on new 10 year FRI lease with passing rent of £8,280 per annum. Highly secure tenant in place since 2017. CLASS 3 HOT FOOD CONSENT PROPERTY IN SUPER TRADING POSITION ON KIRKCALDY HIGH STREET. Super trading position with settled occupier trading extremely well. New 10 year lease signed in March 2022. Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by. HIGHLY PROMINENT FRONTAGE ONTO HIGH STREET. Comprises Service area, front shop, Kitchen, Storage with Fridges, rear kitchen, W/C further storage and Cold shed out of the back of the property. SUPER SIZE AND LOCATION- Gross internal Floor area 441.32 sq ft (41.23 sq m). PERFECT PAYMENT HISTORY WITH LEASE RECENTLY EXTENDED BY 10 YEARS. Super yield with tenant paying £8,280 per annum.

Full Address: 239 High Street, Tenanted HOT FOOD investment, Kirkcaldy, KY1 1JF

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: new 10 year lease
Rent: £8,280 per year / £690 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Guide Price: £86,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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: 09 May 2024, 3pm
Type: Deadline for Offers

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