Lot 103o

Guide Price: £99,000 - Bid Now

31-35 High Street, Leven Fife, KY8 4ND


Key Features:

100% PRIME FORMER DEPARTMENT STORE PREMISES OVER 4 FLOORS. CLASS 3 CONSENTS. Gross Internal Area – 705 sq.m (7,589 sq.ft) approx. Rental potential £60,000 per annum NEXT DOOR TO POUNDLAND facing ICELAND, CARD FACTORY, WILLIAM HILL along from SUPERDRUG ***SUPER SITE***WAS SOLD FOR £1,000,000 historically ---VAT FREE PROPERTY---


  • The subjects were formerly occupied by “Cumming of Leven Menswear” and operated as a department store for many years. Gross internal floor area of 705.2 sq.m (7,591 square feet.. Comprising two inter-connected buildings with rear building fronting onto Bank Street. SUPER FRONTAGE WITH CAR PARK TO THE REAR.
  • On Leven’s PRIME pedestrianised retail pitch. ***COSTA COFFEE HAS JUST OPENED ON HIGH STREET.*** Prime Spot only 12 miles to St Andrews. An extensive display frontage spans the full length of the front building whilst the rear building also has the benefit of a display window
  • Leven lies in the Fife Region approximately 35 miles north east of Edinburgh and 23 miles south west of Dundee. The main building to the front, with its elevation onto High Street extends over four floors from basement to attic whilst the rear building extends over three floors from ground to second floor.
  • PRIME Former Department Store. Property has Vast Potential and is sure to attract a lot of interest. Change of Use has been granted for Class 3 Usage. Planning REF 17/01660/FULL

Description:

The subjects are located to the south side of Leven High Street at its corner junction with Bank Street, in the main pedestrianised section. One of the town’s main car parks is situated immediately to the rear of the subjects on South Street/Viewforth Place. Leven lies in the Fife Region approximately 35 miles north east of Edinburgh and 23 miles south west of Dundee. Kirkcaldy lies some 9 miles to the west with St. Andrews 12 miles to the north east. Super investment potential in PRIME SPOT NEXT DOOR TO POUNDLAND facing ICELAND, CARD FACTORY, WILLIAM HILL along from SUPERDRUG ***SUPER SITE***Potential to be subdivided to 3-4 units subject to consents and likely to appeal to national occupiers. IDEAL DEVELOPMENT OPPORTUNITY as over 4 floors. On Leven’s PRIME pedestrianised retail pitch. Rare investment opportunity. VAT FREE purchase.

Location:


LARGE COMMERCIAL PROPERTY LOCATED IN THE COASTAL TOWN OF LEVEN. CIRCA 7,600 SQUARE FEET OVER 4 FLOORS, Super investment potential in PRIME SPOT in Leven. Next door to Poundworld facing ICELAND/WILLIAM HILL/CARD FACTORY/OPTICAL EXPRESS. RENTAL POTENTIAL £60,000 PER ANNUM. EXCELLENT SPOT priced for a fast sale. Gross Internal Area – 705 sq.m (7,589 sq.ft) approx. ***SUPER SITE***WAS SOLD FOR £1,000,000 historically ---VAT FREE PROPERTY--- No vat payable on the price. RENTAL POTENTIAL £60,000 PER ANNUM. ***COSTA COFFEE HAS JUST OPENED ON HIGH STREET.*** Prime Spot only 12 miles to St Andrews. An extensive display frontage spans the full length of the front building looking onto High Street whilst the rear building also has the benefit of a display window onto Bank Street as well as dedicated access. Natural light is afforded to the upper floors of each building via traditional sash and casement windows.

Rateable Value:


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Ownership & Occupation:


Ownership

Freehold

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

Vacant

- Full vacant possession offered at time of completion.

Guide Price: £99,000 - Bid Now


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. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


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 required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















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.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    01 August 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.