The subjects comprise an end of terrace trade counter warehouse of steel frame construction, infilled with brick and clad externally with profile metal sheeting and with pitched profile metal sheet roof over. The property is accessed via a traditional loading door to the front elevation and benefits from a 5.75 m. eaves height. There are showroom and office accommodation formed within the unit. To the front elevation there is a communal service yard, circulation area and car parking.
Location
Glenrothes is Fifes third largest town with a population approaching 40,000 persons within a high catchment area located approximately equidistant to the cities of Edinburgh (32 miles) and Dundee (27 miles). Glenrothes is a former new town situated in the heart of Fife and is the administrative capital of Fife. It is a major industrial centre and the economy is boosted by light industry and local government jobs. Glenrothes is a near neighbour to Kirkcaldy. The town is served with all essential transport, medical, educational and shopping facilities. The subjects are located within the busy Woodgate Way Trading Estate comprising other national and local occupiers. The unit has good visibility from the A92.
Accommodation
GROSS AREA – 1,133.95 SQ.M (12,206 SQ.FT)
Terms
RATABLE VALUE The property has been assessed for rating purposes at £46,100.
TERMS Our client is offering for sale their leasehold interest in the premises at an asking price of £810,000 which reflects a net initial yield of 7%. The lease terms can be summarised as follows and a copy of the agreement for the ground lease can be provided to all seriously interested parties. Lease Term – From 3 March 2003 to 27 August 2114. Ground Rent - £250 per annum
EPC Available upon request.
VAT Prices are quoted exclusive of VAT.
Specification
- TRADE COUNTER WAREHOUSE IN BUSY TRADING ESTATE
- LET TO MGMTIMBER (SCOTLAND) LIMITED UNTIL 28TH FEBRUARY 2033 WITHOUT BREAK.
- GROSS AREA – 1,133.95 SQ.M (12,206 SQ.FT)
- RENT - £60,000 PER ANNUM
- PRICE - £810,000 REFLECTING A NET INITIAL YIELD OF 7%