Tenanted Commercial Property LOT 107

81 High Street, Kirkcaldy, KY1 1LN
OPENING BID

Timed Online Auction

21 October 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 81 High Street, Kirkcaldy, KY1 1LN

PRIME INVESTMENT 'WILLIAM HILL' in Kirkcaldy Town Centre INVESTMENT LET 15,000 PER ANNUM. MODERN FIT-OUT COMPREHENSIVELY REFURBISHED. **Lease till Dec 2028**

Super Modern Fitted William Hill Investment trading well in the Town Centre leased to William Hill Organisation Limited. Upwards only rent review low rent reviews. Rent review December 2023

Ideal size and super modern fit out. Size: 1074 sq Feet (100 Sq Metres). Property comprises font customer facing area, with rear staff facilities and toilet. Rent historically closer to 20,000

SUPER LOCATION within town centre DIRECTLY facing 'THE EXCHEQUER' public house (one of busiest in Kirkcaldy) a short distance from the PRIME pedestrianised retail spot.

READY LET COMMERCIAL INVESTMENT. LET TO WILLIAM HILL for 15,000 per annum. Excellent return provided. ***EARLY OFFERS CONSIDERED***

PRIME INVESTMENT 'WILLIAM HILL' in Kirkcaldy Town Centre INVESTMENT LET 15,000 PER ANNUM. MODERN FIT-OUT COMPREHENSIVELY REFURBISHED. **Lease till Dec 2028** READY LET COMMERCIAL INVESTMENT. LET TO WILLIAM HILL for 15,000 per annum. Excellent return provided. ***EARLY OFFERS CONSIDERED*** Super Modern Fitted William Hill Investment trading well in the Town Centre leased to William Hill Organisation Limited. Upwards only rent review low rent reviews. Rent review December 2023. Ideal size and super modern fit out. Size: 1074 sq Feet (100 Sq Metres). Property comprises font customer facing area, with rear staff facilities and toilet. Rent historically closer to 20,000 William Hill are now the largest bookmaker in the UK with a network of with a large number of betting shops across the UK. William Hill has been operating Licensed Betting Offices (LBOs) since 1966 and is one of the most trusted brands in the UK market with a visible and valuable high street presence.

Kirkcaldy is situated on the coast of the Firth of Forth only 50 minutes to Edinburgh and 1 hour 10 minutes to Glasgow whilst popular St Andrews is only 45 minutes. Facing TRESPASS/Rs Mcolls adjacent H + T Pawnbrokers (2 doors down) & Betfred (3 doors away).

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 years remaining
Rent: 15,000 per year / 1,250 per month
Yield: 9% (approx)
Tenant: Company
Notes: leased to William Hill Organisation Limited. Upwards only rent review Dec 2018. Low rent Rate-able Value 19,600. The lease is due to run to Dec 2028 from Dec 2013 on full repairing and insuring terms (tenant pays rates/insurance/all bills etc).

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Location

Pricing Information & Bidding

Opening Bid: £149,000

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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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: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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