Vacant Commercial Property LOT 302

76A High Street, Leven, KY8 4NB
OPENING BID

Timed Online Auction

25 August 2022, 10am-3pm

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

Description

Full Address: 76A High Street, Leven, KY8 4NB

Affordable Commercial Investment opportunity located on the High Street of Leven, Fife. Property would attract an annual rental of £7,500 - £8,500. OPENI VIEWING THURSDAY 25th November 12pm-12.30pm.

Excellently placed property benefitting greatly from High passing trade. Sure to appeal to Investor looking for potentially high yield investment. Property extends 25.11sqm (270sq ft)

Sure to appeal to seasoned investors looking to get a High yielding property. Potential of a gross rental return of greater than 13% if achieved for Guide price.

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.

The property is situated on the north side of High Street opposite itís junction with Forth St at Old Inn Wynd within the town of Leven.

Affordable Commercial Investment opportunity located on the High Street of Leven, Fife. Property would attract an annual rental of £7,500 - £8,500. Early *** Offers considered. *** Sure to appeal to seasoned investors looking to get a High yielding property. Potential of a gross rental return of greater than 13% if achieved for Guide price. The property comprises a ground floor retail / Kiosk style unit set within a larger 2 storey development surmounted by a pitched roof overlaid in ceramic tile. Offering a single display window and entrance door, internally the premises offers small retail area and w.c facility to the rear. Lighting is provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. The property benefits from class 1 (retail) consent. The property has been measured on a net internal area basis and calculated to extend to the following floor area 25.11sqm (270sq ft). Excellently placed property benefitting greatly from High passing trade. Sure to appeal to Investor looking for potentially high yield investment. Property extends 25.11sqm (270sq ft)

The property is situated on the north side of High Street opposite itís junction with Forth St at Old Inn Wynd within the town of Leven. 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. There are also proposals to reintroduce the Levenmouth rail link, which Fife Council are supporting, and this would further enhance the appeal of the area. At present the nearest train station is in Kirkcaldy. The main employers within the conurbation are Diageo, who have invested £86 million in expanding their bottling facility, and Energy Park Fife where over 900 people are employed in the renewable energy sector. Neighbouring occupiers include Specsavers, VPZ, Caledonian Hotel, Chest Heart Stroke Scotland.

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Location

Pricing Information & Bidding

Opening Bid: £44,000

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.

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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 = 2.75% of Sale Price (Minimum £2,750 + 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: 25 August 2022, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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