The subjects comprise a large and well presented Restaurant/licensed premises and residential flat contained within a larger mid terrace 2 storey and attic building of stone construction surmounted by a pitched and slate clad roof.
Internally, it is well presented and offers generous accommodation over all floors. There is also a residential flat located in the attic floor.
The subjects are considered suitable for a continuation of the existing use or alternative uses subject to obtaining the necessary statutory consents.
( Agency Pilot Software ref: 55494 )
Location
Dunfermline has a resident population of circa 50,000 and is considered one of the main commercial centres within the Fife region. Edinburgh lies approximately 17 miles to the south via the Queensferry Crossing and M90 with Perth lying approximately 30 miles and Dundee approximately 50 miles to the north, again via the M90 motorway. Dunfermline received city status in 2022 and has been subject to quite substantial and increased expansion over the last two decades with the Dunfermline Eastern Expansion being a key project providing substantial amounts of housing, leisure and retail developments
Accommodation
714.18 sq m (7,687 sq ft)
Terms
TRADE The restaurant has been tenanted and therefore we have no recent trading information. The subjects are being offered with the benefit of Vacant Possession.
LICENCE The premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005.
SERVICES Mains drainage, gas, electricity and water are all connected to the property. The property also has the benefit of an alarm system and CCTV.
ENERGY PERFORMANCE CERTIFICATE EPC can be made available upon request.
RATEABLE VALUE With reference to the Scottish Assessors Association Website, we note that the subjects have a current rateable value of £27,300.
LEASE TERMS A new full repairing and insuring lease is offered to the market seeking a rental of £35,000 per annum. The terms of the lease are open to negotiation. The lease will have a regular Rent Review provision and rent deposit as security. Any new tenant(s) must be demonstrably capable of fulfilling their obligations under the lease agreement and references will be requested without exception
SALE PRICE Offers in excess of £375,000 are invited for the outright heritable interest
Specification
• Dunfermline City Centre Licensed Restaurant
• Prime location on a busy arterial route
• Gross Internal Area – 714.18 sq m (7,687 sq ft)
• Rent - £35,000 per annum, Exclusive of VAT
• Offers invited in excess of £375,000 for the outright heritable interest