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Lot 21

1 Bank Street, Leven, KY8 4FG

Guide Price: £158,666

Tenanted Freehold Commercial Offer Now Available



Map & Directions Price & Bidding Offer Now Auction Details


Key Features:

PRIME TENANTED TOWN CENTRE INVESTMENT PROPERTY. Prominent 2 storey corner building in Leven town centre with immediate rental income of £15,000 per annum on Full FRI lease until February 2028.


  • PRIME TRADING POSITION WITHIN BUSY TOWN CENTRE with well-established long term tenant. Property has been fitted-out to high spec by current tenant. Tenant recently added upper floor to meet high customer demand.
  • SUPER SIZE for retail/ commercial unit at 219.13sqm (2,353sq ft) over ground floor and first floor. Partition erected to form staff area, tea prep area and W.C with shop floor, training room and washing stations.
  • Popular town centre with a number of national retailers in occupation including Superdrug, Iceland, Optical Express, Lloyds TSB, Wiliam Hill, Costa Coffee and Poundstretcher Rental income of £15,000p.a
  • Leven is located in the heart of Fife approximately 14 miles from St Andrews and around 35 miles from Edinburgh. Excellent shopping facilities in popular town centre with ample parking and transport links.


Ownership

Freehold

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

Tenanted

- Existing tenant in place with lease agreement to be assigned to the buyer..
Rateable Value

Search Council Records

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 8th Feb 2028
Rent £15,000 per year / £1,250 per month
Yield 9.5% (at guide price)
Tenant Private Individual
Notes: Tenant: Personal Name t/a Craig Boyd Hairdressing Term: 10years Expiry: 8th February 2028 Review: 9th February 2023 Passing Rent: £15,000p.a.x

Description:

TENANTED PRIME TOWN CENTRE INVESTMENT PROPERTY. Prominent 2 storey corner building in Leven town centre with immediate rental income of £15,000 per annum on Full FRI lease until February 2028. PRIME TRADING POSITION WITHIN BUSY TOWN CENTRE with well-established long term tenant. Property has been fitted-out to high spec by current tenant. Tenant recently added upper floor to meet high customer demand. SUPER SIZE for retail/ commercial unit at 219.13sqm (2,353sq ft) over ground floor and first floor. Partition erected to form staff area, tea prep area and W.C with shop floor, training room and washing stations. Popular town centre with a number of national retailers in occupation including Superdrug, Iceland, Optical Express, Lloyds TSB, Wiliam Hill, Costa Coffee and Poundstretcher. Leven is located in the heart of Fife approximately 14 miles from St Andrews and around 35 miles from Edinburgh. Excellent shopping facilities in popular town centre with ample parking and transport links.


Location:

PRIME CORNER SPOT*** Leven is a thriving seaside town on the east coast of Fife. The town is located between the picturesque fishing villages of the East Neuk and the main towns of Kirkcaldy and Glenrothes. St Andrews is within 12 miles and Edinburgh is only an hours drive away. Leven 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.


Map & Directions:



Further Info:


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Phone:

0141-632-6599

Email:

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Pricing Info & Bidding:


Guide Price = £158,666


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...

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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Viewings:


Internal Viewings...

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Auction Details:



  • Auction Date

    04 December 2020, 4pm


  • Auction Location

  • Deadline for Offers


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.