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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
4,118 sq ft Tenanted Casino Complex with passing rent of £25,000pa until April 2033. 10 Year Lease with NO BREAK OPTION and Upwards only rent review at year 5. VAT free - No vat payable on purchase.
Includes Casino & Large seated Cafe/Restaurant. ATTRACTIVE FRONTAGE ONTO DUNFERMLINE’S PRIMARY THOROUGHFARE - CITY CENTRE LOCATION
The subjects form retail/leisure premises arranged over ground, first and
attic floors of a 2 storey and attic stone tenement. The property benefits
from a large glazed double display frontage.
let on full repairing and insuring lease terms. The passing rent is £25,000 per annum, with the lease expiry on 18th April 2033. The lease is subject to a rent review on 19th April 2028
Surrounding occupiers include Cancer Research and a number of local
operators, with Dunfermline’s Kingsgate Shopping Centre and Bus Station
within short walking distance.
The subjects form retail/leisure premises arranged over ground, first and
attic floors of a 2 storey and attic stone tenement. The property benefits
from a large glazed double display frontage onto High Street.
Internally the unit provides a large open plan sales area, along with staff
office and w/c facilities to the rear and further staff areas and storage at first
and attic floor levels.
LEASE TERMS
The subjects are currently let on full repairing and insuring lease terms. The
passing rent is £25,000 per annum, with the lease expiry on 18th April 2033.
The lease is subject to a rent review on 19th April 2028.
Market rent upon review estimated at £35,000pa.
Dunfermline is one of Fife’s principal centres of commerce and has a
resident population now in excess of 50,000 persons and a catchment area
estimated to be in the region of 150,000. The city occupies a key position
within Fife a few miles north of the Forth Road & Rail bridges and adjacent
to the M90 motorway.
The subjects are well located on the pedestrianised section of Dunfermline
High Street near the corner junction with Kirkgate and Bridge Street.
Surrounding occupiers include Cancer Research and a number of local
operators, with Dunfermline’s Kingsgate Shopping Centre and Bus Station
within short walking distance.
Full Address: 13-15 High Street, Casino Investment, Dunfermline, KY12 7DL
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2033
Rent: £25,000 per year / £2,083 per month
Yield: 9% (approx)
Tenant: Company
Notes: let on full repairing and insuring lease terms. The
passing rent is £25,000 per annum, with the lease expiry on 18th April 2033.
The lease is subject to a rent review on 19th April 2028
Market rent upon review estimated at £35,000pa.
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
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