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Description

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

4,118 sq ft Tenanted Casino Complex with passing rent of £25,000pa until April 2033. 10 Year Lease with NO BREAK OPTION and Upwards only rent review at year 5. VAT free - No vat payable on purchase.

Includes Casino & Large seated Cafe/Restaurant. ATTRACTIVE FRONTAGE ONTO DUNFERMLINE’S PRIMARY THOROUGHFARE - CITY CENTRE LOCATION

The subjects form retail/leisure premises arranged over ground, first and attic floors of a 2 storey and attic stone tenement. The property benefits from a large glazed double display frontage.

let on full repairing and insuring lease terms. The passing rent is £25,000 per annum, with the lease expiry on 18th April 2033. The lease is subject to a rent review on 19th April 2028

Surrounding occupiers include Cancer Research and a number of local operators, with Dunfermline’s Kingsgate Shopping Centre and Bus Station within short walking distance.

The subjects form retail/leisure premises arranged over ground, first and attic floors of a 2 storey and attic stone tenement. The property benefits from a large glazed double display frontage onto High Street. Internally the unit provides a large open plan sales area, along with staff office and w/c facilities to the rear and further staff areas and storage at first and attic floor levels. LEASE TERMS The subjects are currently let on full repairing and insuring lease terms. The passing rent is £25,000 per annum, with the lease expiry on 18th April 2033. The lease is subject to a rent review on 19th April 2028. Market rent upon review estimated at £35,000pa.

Dunfermline is one of Fife’s principal centres of commerce and has a resident population now in excess of 50,000 persons and a catchment area estimated to be in the region of 150,000. The city occupies a key position within Fife a few miles north of the Forth Road & Rail bridges and adjacent to the M90 motorway. The subjects are well located on the pedestrianised section of Dunfermline High Street near the corner junction with Kirkgate and Bridge Street. Surrounding occupiers include Cancer Research and a number of local operators, with Dunfermline’s Kingsgate Shopping Centre and Bus Station within short walking distance.

Full Address: 13-15 High Street, Casino Investment, Dunfermline, KY12 7DL

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2033
Rent: £25,000 per year / £2,083 per month
Yield: 9% (approx)
Tenant: Company
Notes: let on full repairing and insuring lease terms. The passing rent is £25,000 per annum, with the lease expiry on 18th April 2033. The lease is subject to a rent review on 19th April 2028 Market rent upon review estimated at £35,000pa.

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Pricing Information & Bidding

Opening Bid: £279,000

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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £310,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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