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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

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. SUPER INVESTMENT WITH EXCELLENT RETURN

The property is located on a busy main thoroughfare linking Buckhaven with Leven town centre within a densely populated area. Directly opposite the area's main public car park. SUPER TRADING SPOT

SUPER INVESTMENT WITH EXCELLENT RETURNS. **All rental payments are up to date with NO ARREARS** Super rental income of £15,900 per annum (£1,325pcm).

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 Passing Rent: £15,900p.a.

BUSY TRADING POSITION on main thoroughfare through the town in densely populated residential location generating MASSIVE DEMAND. Well-regarded business locally,

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: none

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.

Full Address: 14 College Street, Tenanted Takeaway, Buckhaven, Fife, KY8 1JX

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2027
Rent: £15,900 per year / £1,325 per month
Yield: 21% (approx)
Tenant: Private Individual
Notes: held in private name. All rent payments up to date.

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Pricing Information & Bidding

Opening Bid: £75,000

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 = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

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

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