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Lot 402

Guide Price: £50,000 - Bid Now

78A Lochleven Road, Lochore, Fife, KY5 8DA


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Key Features:

Retail Unit with hot food takeaway consent located in a densely populated residential area of the Fife town of Kennoway. **CLASS 3 HOT FOOD CONSENTS- EXCELLENT TAKE AWAY OPPORTUNITY**


  • Potential rental value £7,200 per annum providing a SUPERB YIELD OF OVER 14% if achieved for guide price
  • **ZERO BUSINESS RATES**- Property qualifies for zero rates- sure to attract interest from a number of parties. Ideal for owner of catering trade business.
  • SUPER LOCATION- Busy residential area close to main road. High volume of passing trade.
  • Property is well placed to benefit from local amenities and passing trade. Lochore gives access to Lochore Meadows Country Park which has a loch, play parks and a nine hole golf course.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

Search Council Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.


Full Details:

Retail Unit with hot food takeaway consent located in a densely populated residential area of the Fife town of Kennoway. **CLASS 3 HOT FOOD CONSENTS- EXCELLENT TAKE AWAY OPPORTUNITY** Property is an excellent size, has large customer area to the front and tremendous kitchen to the rear. Also within the property is a functioning toilet and office space. RV- £4,000.00 and boasts a sq. foot of around 3,400. Potential rental value between £7,200-£8,400 per annum providing a superb yield of over 14%-16% if achieved for guide price. **ZERO BUSINESS RATES**- Property qualifies for zero rates- sure to attract interest from a number of parties. Ideal for owner of catering trade business. SUPER LOCATION- Busy residential area close to main road. High volume of passing trade.

Guide Price: £50,000 - Bid Now


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

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.

Map & Location:


Lochore is a former mining village in Fife being approximately 3 miles north of Lochgelly and around 15 miles north west of Fife’s largest town Dunfermline. Edinburgh is also easily reached being only 25 miles to the south making commuting to larger Fife towns or even Edinburgh feasible. A range of local retail and leisure facilities are nearby including the ever popular Lochore Meadows Country Park. A greater range of facilities is available at nearby Lochgelly, Cowdenbeath or Dunfermline.

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    01 August 2019


  • Start Time...

    7.00pm


  • Auction Location...

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form