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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

1,073 sq ft City Centre Tenanted Investment with passing rent of £12,000 pa. (Lease Expiry 9th June 2033) ATTRACTIVE FRONTAGE ONTO DUNFERMLINE’S PRIMARY THOROUGHFARE. VAT free - No Vat Payable.

Let on full repairing and insuring lease terms. The passing rent is £12,000 per annum, with the lease expiry on 9th June 2033. The lease is subject to a rent review on 9th June 2028.

The subjects form the ground floor of a 2 storey and attic stone tenement. The property benefits from a large glazed display frontage onto High Street.

Internally the unit provides a large open plan sales area to the front of the property, along with staff w/c facilities.

Surrounding occupiers include Cancer Research and a number of local operators, with Dunfermline’s Kingsgate Shopping Centre and Bus Station within short walking distance

ACCOMMODATION We have been provided with the following floor gross internal floor areas. Ground Floor 99.68SqM 1,073 SqFt The subjects are entered in the current Valuation Roll with a rateable value of £7,300. The rate poundage for 2023/2024 is 49.8p VAT free - No Vat Payable.

Dunfermline is one of Fife’s principal centres of commerce and has a resident population now in excess of 50,000 persons and a catchment area estimated to be in the region of 150,000. The city occupies a key position within Fife a few miles north of the Forth Road & Rail bridges and adjacent to the M90 motorway. The subjects are well located on the pedestrianised section of Dunfermline High Street near the corner junction with Kirkgate and Bridge Street. Surrounding occupiers include Cancer Research and a number of local operators, with Dunfermline’s Kingsgate Shopping Centre and Bus Station within short walking distance.

Full Address: 11 High Street, Tenanted Investment, Dunfermline, KY12 7DL

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2033
Rent: £12,000 per year / £1,000 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: The subjects are currently let on full repairing and insuring lease terms. The passing rent is £12,000 per annum, with the lease expiry on 9th June 2033. The lease is subject to a rent review on 9th June 2028.

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Pricing Information & Bidding

Opening Bid: £115,000

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £1,750 for on time settlement

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Buy Now Price = £135,000

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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