Tenanted Commercial LOT 442

16 High Street, Leven, Fife, KY8 4LZ
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Description

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

Tenanted Coffee Shop premises located within the centre of Leven, Fife. SOLD AS SEEN with all catering equipment and furniture included in sale. Electric metal roller security shutter frontage.

Facing Superdrug and Poundland --- Next door to New Look and busy local butcher (W.Simpson & Sons). Great trading spot at the top of the high street. Tenanted Investment. £6,500 per annum.

Single fronted commercial unit with main entrance into customer seating area with service counter, stairs leading to upper level with kitchen, storage, toilet facilities and fire exit.

Located on Leven’s primary retail parade. The property is situated on the south side of High Street opposite it’s junction with Union Street and Shore Head within the town of Leven.

Rental income agreed at £6,500 PER ANNUM, Freehold Sale - PRIME INVESTMENT OPPORTUNITY in coastal location close to The Levenmouth Pool and Sports centre. Freehold Commercial Sale.

The property benefits from Class 1 (retail) consents and has been measured on a net internal area basis and calculated to extend to the following floor area 25.11Sq.M (270 Sq.Ft). Neighbouring occupiers include Specsavers, New Look, Boots Pharmacy, Poundland, Card Factory, Greggs, VPZ, TSB Bank, Caledonian Hotel, Leven Library and Barnardo's. Located in East Fife, Leven is 14 miles from St Andrews and 37 miles from Edinburgh. Leven is the dominant town providing the principal retail provision for the Levenmouth area. Facing Superdrug and Poundland --- Next door to New Look and busy local butcher (W.Simpson & Sons). Great trading spot at the top of the high street. Perfect for customer footfall. Features mains water and electricity connections. Located on Leven’s PRIME retail pitch. The property is situated on the south side of High Street opposite it’s junction with Union Street and Shore Head within the town of Leven. Historically, traded successfully in this position for many years. Property has been refurbished and fitted-out to high corporate specification. Rateable Value: £5,300 per annum. Nil rates payable under small business scheme. Leven has a resident population of circa 8,850 people (2008) and a wider catchment within the Levenmouth area including the towns of Methil and Buckhaven in excess of 38,000 people.

Leven is a thriving seaside town on the east coast of Fife only 14 miles from St Andrews. Located in East Fife, Leven is 14 miles from St Andrews and 37 miles from Edinburgh. Leven is the dominant town providing the principal retail provision for the Levenmouth area, which encapsulates the towns of Leven, Methil and Buckhaven. The Fife area is a popular location for commuters to Edinburgh. From Leven the A915/A92 provides access to the national motorway network and the M90, which leads directly to Edinburgh. Leven is recognised as a popular short-term rental AirBNB location with high tourist influx during the high season. The area features access to some of the world's most famous golfing locations. The town is located between the picturesque fishing villages of the East Neuk and the main towns of Kirkcaldy and Glenrothes. Leven has good shopping facilities and a busy pedestrianised thoroughfare. These are well served by parking facilities which are within easy walking distance of the town centre. It’s a popular holiday destination with a pleasant promenade and beach. Local attractions include an excellent swimming pool and leisure complex and a variety of golf courses. The woodland valley of Letham Glen and Silverburn Park offer attractive landscaped picnic and recreational areas, perfect for relaxing and enjoying the great outdoors.

Full Address: 16 High Street, Leven, Fife, KY8 4LZ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Annual
Rent: £6,500 per year / £542 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Tenanted at £125 per week - £6,500 per annum.

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Pricing Information & Bidding

Opening Bid: £56,000

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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: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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