Tenanted Commercial Property LOT 12

14 College St, Let Takeaway, Buckhaven, KY8 1JX
GUIDE PRICE

Deadline for Offers

03 February 2022, 3pm

Bidding Closes in

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 AVAILABLE - Download Now

Location

Pricing Information & Bidding

Guide Price: £118,000


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.

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: 03 February 2022, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

Similar Properties


Lot 4
£179,000 OPENING BID
  • Large TOWN CENTRE commercial unit in affluent Perthshire Town. Excellent Rental Potential...
Lot 242
£52,000 OPENING BID
  • ** LET INCOME PRODUCING COMMERCIAL INVESTMENT **Prominent Retail Unit with Fantastic Fron...
Lot 148
£247,000 OPENING BID
  • PRIME DUNDEE 2,495 sqft POTENTIAL HOT FOOD TAKEAWAY/RESTAURANT benefits from Class 1 & Cl...