The subjects comprise a substantial Category ‘B’ Listed 3 storey tenement building of stone construction with pitched slate roof over.
The property comprises former bank premises at ground floor with upper floor office accommodation.
In addition to the above there is a large walled garden area to the rear with development potential for housing, subject to planning.
Location
Burntisland is a popular coastal town situated within Fife overlooking the Firth of Forth and approximately 10 miles east of the Forth Rail Bridge.
The town is understood to have a resident population in the region of 5,700 persons and is located approximately 6 miles south of Kirkcaldy via the A921 Kinghorn Road.
Burntisland is a popular summer destination with annual summer attractions and a beach.
The town is served with a railway station and regular bus services and there are primary school facilities within Burntisland.
The subjects are centrally located in a mixed residential/commercial location on the main thoroughfare of the town.
Accommodation
Ground Floor
Former Banking Hall, Office, Safe and WC Facilities - 1,470 sq ft
First Floor
4 Private Offices - 1,327 sq ft
Second Floor
4 Private Offices, Store and WC - 1,102 sq ft
Total - 3,899 sq ft
The site and gardens located to the rear extend to approximately 0.29 acres.
Terms
Rateable Values
The subjects have been assessed for rating purposes at Rateable Values of:
Ground Floor - £9,800
First & Second Floors - £6,400
The unified business rate for 2015/2016 financial year is 48 p.
The property therefore qualifies for 100% rates relief.
Lease Details
Part of the ground floor is let to RBS for a period of 10 years to house an ATM at an annual rent of £5,000. There is a mutual break option exercised on providing three months notice.
Planning
Planning Permission Reference 12/00473/FULL and Listed Building Consent Reference 12/00475/LBS were granted in 2012 for the conversion of the upper floors into two flats (1 x 2 bed and 1 x 3 bed). The planning permission had a duration of 3 years and as such has now expired and all interested parties should make their own enquiries to Fife Council Planning Department.
In addition the rear garden ground offers potential development for residential use and interested parties should make further enquiries to Fife Council.
Terms
Our client is inviting offers in excess of £200,000 for their freehold interest.
Alternatively our client would consider offers to lease the premises for a negotiable period.
Energy Performance Certificate
Awaiting further details.
VAT
Prices are quoted exclusive of VAT (if applicable).
Specification
- Former Banking premises and land.
- Residential conversion opportunity.
- Part income producing.
- Offers over £200,000.