BIDDING OPENS in...

Description

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

INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor in EXCELLENT TRADING POSITION. Bon Marche in occupation producing £35,000 per annum on a FRI Lease with 10 years remaining.

Internally, the unit compromises a large ground floor sales area of 2,571 sq ft and first floor ancillary/storage space of 601 sq ft. The unit is currently configured for fashion retail use.

The property provides a total net internal area of approximately 294.77 sq m (3,173sq ft)as follows: Ground Floor – 238.9 sq m (2,571 sq ft) First Floor – 55.87 sq m (601 sq ft)

Bonmarche Properties Limited by way of an existing lease and a reversionary lease agreement that together provide income security until September 2036. Current rent is £35,000 pa, rent review 2031

High Street location diagonally opposite an entrance to The Mercat Shopping Centre and close to a strong mix of national retailers including Boots, JD Sports, Vision Express, EE, Holland & Barrett.

INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor in EXCELLENT TRADING POSITION. Bon Marche in occupation producing £35,000 per annum on a FRI Lease with 10 years remaining. Internally, the unit compromises a large ground floor sales area of 2,571 sq ft and first floor ancillary/storage space of 601 sq ft. The unit is currently configured for fashion retail use. The property provides a total net internal area of approximately 294.77 sq m (3,173sq ft)as follows: Ground Floor – 238.9 sq m (2,571 sq ft) First Floor – 55.87 sq m (601 sq ft) Bonmarche Properties Limited by way of an existing lease and a reversionary lease agreement that together provide income security until September 2036. Current rent is £35,000 pa, rent review 2031 High Street location diagonally opposite an entrance to The Mercat Shopping Centre and close to a strong mix of national retailers including Boots, JD Sports, Vision Express, EE, Holland & Barrett.

Kirkcaldy is a historic former royal burgh and the second-largest town in Fife, situated on the east coast of Scotland approximately 26 miles north of Edinburgh and 30 miles south of Dundee. The town has a population of around 51,000 within the main settlement and serves a wider catchment of approximately 60,000 across the Kirkcaldy area, acting as a key retail and service centre for surrounding communities. The property benefits from excellent transport links. Kirkcaldy Train Station lies only 0.4 miles away and provides regular services to Edinburgh (around 45 minutes) and other destinations. The A92 offers easy access to the M90 motorway, connecting the town efficiently to the Central Belt and beyond. The High Street location is diagonally opposite an entrance to The Mercat Shopping Centre and close to a strong mix of national retailers including Boots, JD Sports, Vision Express, EE, Holland & Barrett and Pandora.

Full Address: 115-121  High Street, Bon Marche, Kirkcaldy, KY1 1LW

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £35,000 per year / £2,917 per month
Yield: 11% (approx)
Tenant: Company
Notes: let to Bonmarche Properties Limited by way of an existing lease and a reversionary lease agreement that together provide income security until September 2036. The current rent is £35,000 per annum, with the next rent review due in 2031. The reversionary lease is subject to a tenant break option in the fifth year and is on an FRI basis

Document Downloads

  Legal Docs (Pending)

* 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.

Pricing Information & Bidding

Opening Bid: £306,000

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.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

* 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.

Payment Calculator

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.

Payment Calculator

Auction Details

Date & Time: 23 July 2026, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue