Tenanted Commercial Property LOT 15

290 High Street, Kirkcaldy, KY1 1LB
OPENING BID

Timed Online Auction

16 December 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 290 High Street, Kirkcaldy, KY1 1LB

Let Commercial Investment. Good quality unit with excellent display windows, located in a prominent position on the High Street. IDEAL INCOME PRODUCING INVESTMENT PROPERTY. VAT FREE PROPERTY

GREAT LOCATION BUSY ROAD. Rate-able Value : 6,900. Strong trading position with excellent footfall in a prime central position on the High Street of Kirkcaldy.

Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Tenant has been established many years. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers.

Investment Let to McKenzies Hairdressing, Let at 6,720 per annum Would suit an investor looking to generate an excellent return.

18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh. Near railway station - Kirkcaldy Railway Station (40 minutes to Edinburgh).

Let Commercial Investment. Good quality unit with excellent display windows, located in a prominent position on the High Street. IDEAL INCOME PRODUCING INVESTMENT PROPERTY. This Lot comprises of a let commercial unit located on the High street of Kirkcaldy. Investment Let to McKenzies Hairdressing, Let at 6,720. Perfect commercial investment with strong local tenant in Kirkcaldy town centre. Tenant has been established many years. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. GREAT LOCATION BUSY ROAD. Rate-able Value : 290 High street,6,900. Strong trading position with excellent footfall in a prime central position on the High Street of Kirkcaldy.

Kirkcaldy is the second largest town in Fife and benefits from excellent road communications, being located close to the A92, which links with the M90 and provides access to Edinburgh to the south and Perth to the north. Kirkcaldy further benefits from the opening of the Queensferry Crossing connecting Edinburgh and Fife. The property is situated in the heart of the town centre. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers.

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Tenancy Details

Type of Agreement: Informal Arrangement
Length: Rolling
Rent: 6,720 per year / 560 per month
Yield: 8% (approx)
Tenant: Company
Notes: McKenzies Hairdressing - 6,720.00 p.a

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Location

Pricing Information & Bidding

Opening Bid: £64,000

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 = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 16 December 2021, 10am-3pm
Type: Timed Online Auction

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