COMMERCIAL INVESTMENT - OFFERS OVER £90,000
FRI LEASE EXPIRING APRIL 2030
HEADLINE RENT OF £8,400 PA
NIY OF 8.5%
Location
Located approximately 20 miles northeast of Edinburgh, Dunfermline is the principal industrial/commercial location within Fife. The city has a resident population of c.50,000 people and benefits from excellent communication links, lying adjacent to the M90 motorway linking Perth to the north with the Queensferry Crossing approximately 7 miles to the south. Dunfermline is well located for access to the wider Fife region and Dundee, which lies approximately 40 miles to the northeast, via the A92 central Fife link road. Edinburgh International Airport is approximately 20 minutes away by car.
The subject premises is located on the corner of Pilmuir Street and Campbell Street within the heart of the city centre. It is situated within a mixed use area comprising of retail, leisure and residential uses. The property lies at the end of a small neighbourhood retail parade, opposite Carnegie Leisure Centre and within close proximity to Dunfermline Bus Station.
Accommodation
The property is a standalone brick-built building under a multi pitched tiled roof. Internally the premises are currently fitted out as a dojo/exercise studio with double glazed windows, pendant strip LED lighting and gas central heating.
The property benefits from a refurbished reception area, incorporating tea prep and w/c. Male and female changing areas (each with w/c) are located to the rear of the premises.
Terms
Offers over £90,000 are invited for our client’s heritable interest, reflecting a net initial yield of 8.5%, assuming purchaser’s costs of 2.5%.