Tenanted Commercial Property LOT 134

14 College St, Let Takeaway, Buckhaven, KY8 1JX
OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 14 College St, Let Takeaway, Buckhaven, KY8 1JX

HOT FOOD TAKE AWAY INVESTMENT situated at end of terrace on busy parade. FRI COMMERCIAL LEASE with Passing Rent: 15,900p.a. Expiry: 31st January 2027. V.A.T. Free Investment.

The property is located on a busy main thoroughfare linking Buckhaven with Leven town centre within a densely populated area.

The property has been measured on a net internal area basis and calculated to extend to the following floor area; Ground: 34.08sqm (367sq ft)

The property is held on a full repairing and insuring head lease on the following terms; Tenant: Personal Name Expiry: 31st January 2027 Break: None Rent Review: 2022 Passing Rent: 15,900p.a.

Neighbouring occupiers include; Buckhaven Bowling Club, Stuarts Bakers and Braehead Gardens Nursing Home.

The property comprises a prominently positioned ground floor commercial unit set within a larger single storey commercial parade of traditional construction surmounted by a flat roof overlaid in what we understand to be bituminous felt. The property benefits from a single display window with access gained via a single glazed door secured by aluminium roller shutters. Internally the property is fitted out to suit the tenants operational requirements with small customer waiting area and exposed kitchen and finishing stations. Partitions have been erected to the rear to form a storage area, prep space and w.c facilities. Lighting is proved by way of halogen and L.E.D banks recessed within the suspended and plastered ceiling. Area The property has been measured on a net internal area basis and calculated to extend to the following floor area; Ground: 34.08sqm (367sq ft) Lease Summary The property is held on a full repairing and insuring head lease on the following terms; Tenant: Personal Name Expiry: 31st January 2027 Break: None Rent Review: 2022 Passing Rent: 15,900p.a.

The property is situated on the north west side of College Street, south of its junction with Allison Street within the town of Buckhaven in Fife. The property is located on a busy main thoroughfare linking Buckhaven with Leven town centre within a densely populated area. Buckhaven is a town on the east coast of Fife, Scotland, on the Firth of Forth between East Wemyss and Methil. Buckhaven is on the Fife Coastal Path, and near to Wemyss Caves and Largo Bay. Neighbouring occupiers include; Buckhaven Bowling Club, Stuarts Bakers and Braehead Gardens Nursing Home.

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2027
Rent: 15,900 per year / 1,325 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: Tenant: Personal Name Expiry: 31st January 2027 Break: None Rent Review: 2022 Passing Rent: 15,900p.a.

Document Downloads

  LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Opening Bid: £101,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

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.

Submit Offer Now

Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 23 September 2021, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 134
£101,000 OPENING BID
  • HOT FOOD TAKE AWAY INVESTMENT situated at end of terrace on busy parade. FRI COMMERCIAL L...
Lot 174
£76,000 OPENING BID
  • TOWNHOUSE STYLE restaurant and bar in busy Arbroath Town Centre location. Approx. 2,300 S...
Lot 78
£179,000 OPENING BID
  • Commercial Investment in the center of the affluent town of Pitlochry. Former TSB bank on...