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Description

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

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted High Street commercial property let on new 10 year FRI lease with passing rent of £8,280 per annum. Highly secure tenant in place since 2017.

CLASS 3 HOT FOOD CONSENT PROPERTY IN SUPER TRADING POSITION ON KIRKCALDY HIGH STREET. Super trading position with settled occupier trading extremely well. New 10 year lease signed in March 2022.

Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by.

HIGHLY PROMINENT FRONTAGE ONTO HIGH STREET. Comprises Service area, front shop, Kitchen, Storage with Fridges, rear kitchen, W/C further storage and Cold shed out of the back of the property.

SUPER SIZE AND LOCATION- Gross internal Floor area 441.32 sq ft (41.23 sq m). PERFECT PAYMENT HISTORY WITH LEASE RECENTLY EXTENDED BY 10 YEARS. Super yield with tenant paying £8,280 per annum.

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted High Street commercial property let on new 10 year FRI lease with passing rent of £8,280 per annum. Highly secure tenant in place since 2017. CLASS 3 HOT FOOD CONSENT PROPERTY IN SUPER TRADING POSITION ON KIRKCALDY HIGH STREET. Super trading position with settled occupier trading extremely well. New 10 year lease signed in March 2022. Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by. HIGHLY PROMINENT FRONTAGE ONTO HIGH STREET. Comprises Service area, front shop, Kitchen, Storage with Fridges, rear kitchen, W/C further storage and Cold shed out of the back of the property. SUPER SIZE AND LOCATION- Gross internal Floor area 441.32 sq ft (41.23 sq m). PERFECT PAYMENT HISTORY WITH LEASE RECENTLY EXTENDED BY 10 YEARS. Super yield with tenant paying £8,280 per annum.

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted High Street commercial property let on new 10 year FRI lease with passing rent of £8,280 per annum. Highly secure tenant in place since 2017. CLASS 3 HOT FOOD CONSENT PROPERTY IN SUPER TRADING POSITION ON KIRKCALDY HIGH STREET. Super trading position with settled occupier trading extremely well. New 10 year lease signed in March 2022. Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by. HIGHLY PROMINENT FRONTAGE ONTO HIGH STREET. Comprises Service area, front shop, Kitchen, Storage with Fridges, rear kitchen, W/C further storage and Cold shed out of the back of the property. SUPER SIZE AND LOCATION- Gross internal Floor area 441.32 sq ft (41.23 sq m). PERFECT PAYMENT HISTORY WITH LEASE RECENTLY EXTENDED BY 10 YEARS. Super yield with tenant paying £8,280 per annum.

Full Address: 239 High Street, Tenanted HOT FOOD investment, Kirkcaldy, KY1 1JF

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: new 10 year lease
Rent: £8,280 per year / £690 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £72,000

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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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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