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Description

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

INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor in EXCELLENT TRADING POSITION. Bon Marche in occupation producing £35,000 per annum on a FRI Lease with 10 years remaining.

Internally, the unit compromises a large ground floor sales area of 2,571 sq ft and first floor ancillary/storage space of 601 sq ft. The unit is currently configured for fashion retail use.

The property provides a total net internal area of approximately 294.77 sq m (3,173sq ft)as follows: Ground Floor – 238.9 sq m (2,571 sq ft) First Floor – 55.87 sq m (601 sq ft)

Bonmarche Properties Limited by way of an existing lease and a reversionary lease agreement that together provide income security until September 2036. Current rent is £35,000 pa, rent review 2031

High Street location diagonally opposite an entrance to The Mercat Shopping Centre and close to a strong mix of national retailers including Boots, JD Sports, Vision Express, EE, Holland & Barrett.

INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor in EXCELLENT TRADING POSITION. Bon Marche in occupation producing £35,000 per annum on a FRI Lease with 10 years remaining. Internally, the unit compromises a large ground floor sales area of 2,571 sq ft and first floor ancillary/storage space of 601 sq ft. The unit is currently configured for fashion retail use. The property provides a total net internal area of approximately 294.77 sq m (3,173sq ft)as follows: Ground Floor – 238.9 sq m (2,571 sq ft) First Floor – 55.87 sq m (601 sq ft) Bonmarche Properties Limited by way of an existing lease and a reversionary lease agreement that together provide income security until September 2036. Current rent is £35,000 pa, rent review 2031 High Street location diagonally opposite an entrance to The Mercat Shopping Centre and close to a strong mix of national retailers including Boots, JD Sports, Vision Express, EE, Holland & Barrett.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £35,000 per year / £2,917 per month
Yield: 17% (approx)
Tenant: Company
Notes: let to Bonmarche Properties Limited by way of an existing lease and a reversionary lease agreement that together provide income security until September 2036. The current rent is £35,000 per annum, with the next rent review due in 2031. The reversionary lease is subject to a tenant break option in the fifth year and is on an FRI basis

Maps & Location

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Kirkcaldy is a historic former royal burgh and the second-largest town in Fife, situated on the east coast of Scotland approximately 26 miles north of Edinburgh and 30 miles south of Dundee. The town has a population of around 51,000 within the main settlement and serves a wider catchment of approximately 60,000 across the Kirkcaldy area, acting as a key retail and service centre for surrounding communities. The property benefits from excellent transport links. Kirkcaldy Train Station lies only 0.4 miles away and provides regular services to Edinburgh (around 45 minutes) and other destinations. The A92 offers easy access to the M90 motorway, connecting the town efficiently to the Central Belt and beyond. The High Street location is diagonally opposite an entrance to The Mercat Shopping Centre and close to a strong mix of national retailers including Boots, JD Sports, Vision Express, EE, Holland & Barrett and Pandora.

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Pricing Information & Bidding

Opening Bid: £210,000

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Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)

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    STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.

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General Terms & Conditions of Sale
Lot Specific Terms - 115-121 High Street, Bon Marche, Kirkcaldy






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