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Description
Portfolio of three commercial premises within Lochore, Lochgelly. Fully tenanted portfolio of commercial properties within a traditional town centre building. Sold with tenants in place.
Unit 78C - Storage unit (currently used by tenant in 78B) with signed lease for £500 per month - Accessed from the unit at 78B. 10 year lease agreement.
HIGH DEMAND RENTAL LOCATION due to excellent links to Glenrothes, Kirkcaldy, Dunfermline, Rosyth and Edinburgh. SUPER INVESTMENT PROPERTY with long-term tenant giving immediate rental income.
Excellent location in the traditional Fife village of Lochore by Lochgelly. Popular commuter location 25 miles from Edinburgh. Perfect investment property with immediate rental income.
Portfolio of three commercial premises within Lochore, Lochgelly. Fully tenanted portfolio of commercial properties within a traditional town centre building. Sold with tenants in place. Unit 78A - Class 3 hot food takeaway open 7 days per week with signed lease at £150 per week - £7,800 per annum. Unit 78B - Gift shop with rental income agreed at £715 per month - £8,580 per annum. Unit 78C - Storage unit (currently used by tenant in 78B) with signed lease for £500 per month - Accessed from the unit at 78B. 10 year lease agreement. Combined rental for all three units circa £22,380 per annum. HIGH DEMAND RENTAL LOCATION due to excellent links to Glenrothes, Kirkcaldy, Dunfermline, Rosyth and Edinburgh. SUPER INVESTMENT PROPERTY with long-term tenant giving immediate rental income. Excellent location in the traditional Fife village of Lochore by Lochgelly. Popular commuter location 25 miles from Edinburgh. Perfect investment property with immediate rental income.
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.
Full Address: 78 Lochleven Road, Tenanted Investment, Lochore, Fife, KY5 8DA
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Map Street View SatelliteSpecial Terms of Sale
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Buyers Fee (?) 2% of Sale Price (Minimum of £2500 +vat)
Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Tenancy Details
Type of Agreement: Basic LeaseLength: Annual
Rent: £22,380 per year / £1,865 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: Let to two individual tenants with signed lease agreements for units 78A (Hot Food) and 78B/C (Gift shop and store).
Document Downloads
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
* Click the above 'Pending' document link to log your request and we will notify you once available.
Tours & Media
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Pricing Information & Bidding
Opening Bid: £138,000
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). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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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Terms of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.