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Lot 315

395-399 High Street, Kirkcaldy, Fife, KY1 2SG

Guide Price: £137,000

Vacant Freehold Commercial Offer Now Available


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Key Features:

Prime Commercial Premises located on High Street, Kirkcadly. Prominent Town Centre Location. Rental potential £20,000 per annum. ***


  • Previously Let for £18,000 per annum. Extensively Refurbished property and is a Popular Live Music Venue within the town.
  • The subjects offer main bar servery, lounge area which doubles as a live music venue with stage along with well appointed kitchen, W/C's and beer garden area to the rear.
  • Property benefits from Large Frontage advertising onto the Esplanade & Coal Wynd and has High passing trade. Popular venue with a large Following on Facebook. Over 1200 LIKES on their page.
  • Vendor Will consider early offers. Please contact our sales office on 0141 632 65 99 for further details relating to the tenancy.


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

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- Click the above link to search the latest records for this postcode.


Full Details:

Prime Commercial Premises located on High Street, Kirkcadly. Prominent Town Centre Location *** VAT FREE INVESTMENT *** No Vat payable on purchase price. Property comprises a ground floor public house within a larger 3 storey traditionally built structure overlaid by a pitched tile roof, benefitting from advertising onto the Esplanade & Coal Wynd. Internally the subjects have been extensively refurbished by the tenant to include new flooring throughout, painting and decorating, bar area along with creation of live music suite along with renovated beer garden to the rear. The subjects offer main bar servery, lounge area which doubles as a live music venue with stage along with well appointed kitchen, refurbished male and female w.c. facilities. Investment. ** EXCELLENT INVESTMENT OPPORTUNITY*** Property benefits from Large Frontage advertising onto the Esplanade & Coal Wynd and has High passing trade. Popular venue with a large Following on Facebook. Over 1200 LIKES on their page. https://www.facebook.com/kirkandbear/

Guide Price: £137,000 - Offer 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.

Offer 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:


The subjects are situated on the North West side of High Street at its junction with Dunnikier Road within a densely populated residential area of Kirkcaldy, parking is provided by way of free public car park accessed adjacent on Dunnikier Road. The subjects are centrally located within Kirkcaldy, which is the main regional centre for the surrounding area and has a resident population of c. 50,000, approximately 25 miles North of Edinburgh on the East coast of Scotland within the Kingdom of Fife. Fife is situated between the Firth of Tay and the Firth of Forth with inland boundaries to Perth and Kinross along with Clackmannanshire. Fife has the third largest population in Scotland, with a resident population of c.360,000 and comprises 3 principle towns, Dunfermline, Kirkcaldy & Glenrothes.

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...

    06 February 2020


  • Start Time...

    7.00pm


  • Auction Location...

  • Edinburgh Marriott

  • 111 Glasgow Road, EH12 8NF


View Map & Directions to the 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