Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
The Truth Nightclub - 79 North Street, Leven, KY8 4HL - Landmark building in prime location. Tenant is paying £750 per week on unwritten lease agreement. Freehold Sale - £54,000 rental per annum.
Licensed Nightclub For Sale - VAT-Free investment opportunity - Commercial Investment with £54,000 per annum rental income. READY LET NIGHTCLUB INVESTMENT.
The weekly rent was verbally agreed to be reduced to £750 + insurance (verbally agreed upon rent 2023). FRI defined: Tenant pays full cost of repairing, insuring and maintaining the property.
Rateable Value (RV) - £28,700 - The value shown above is the most up to date value expected to apply from 01 April 2026 as a result of the rating revaluation.
Leven is a thriving seaside town on the east coast of Fife only 14 miles from St Andrews. Located in East Fife, Leven is also 37 miles from Edinburgh.
Start Date: 1st August 2021
Term: 10 years.
Type: Commercial FRI.
FRI defined: Tenant pays full cost of repairing, insuring, and maintaining the property.
Rent: £54,000 per year (no VAT is payable).
Payments: £1,038.46 per week, plus building insurance.
Contents insurance: Obtained by tenant, paid by tenant.
Rates: Council account to be maintained in tenant’s name and paid current by tenant.
Utilities and all other accounts: To be in tenant’s name and paid current by tenant.
Leven is a thriving seaside town on the east coast of Fife only 14 miles from St Andrews. Located in East Fife, Leven is also 37 miles from Edinburgh. It 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.
Leven is recognised as a popular short-term rental AirBNB location with high tourist influx during the high season. The area features access to some of the world's most famous golfing locations. The town is located between the picturesque fishing villages of the East Neuk and the main towns of Kirkcaldy and Glenrothes. The town centre 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. It’s a popular holiday destination with a pleasant promenade and beach. Local attractions include an excellent swimming pool and leisure complex and a variety of golf courses.
The woodland valley of Letham Glen and Silverburn Park offer attractive landscaped picnic and recreational areas, perfect for relaxing and enjoying the great outdoors.
Full Address: 75-79 North Street, Truth Nightclub, Leven, Fife, KY8 4LY
Show More
Map & Location
Map
Street View
Satellite
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2031
Rent: £54,000 per year / £4,500 per month
Yield: 29% (approx)
Tenant: Private Individual
Notes: Lease Start Date: 1st August 2021
Term: 10 years.
Type: Commercial FRI.
Rent reviews: 5-yearly (no rent increase anticipated during initial 10-year term).
Document Downloads
Legal Docs (Pending)
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to
request a copy by email prior to bidding.
* Click the above 'Pending' document link to log your request and we will notify you once available.
Pricing Information & Bidding
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.
Log In / Register To Bid
View Live Online Auction
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.
Submit Offer Now
Terms of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- 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 an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to
request a copy by email prior to bidding.
Payment Calculator
Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Payment Calculator
Auction Details
Date & Time: 15 January 2026, 10am-3pm
Type: Timed Online Auction
View Full Auction Catalogue