FOR SALE BY ONLINE AUCTION THURSDAY 13TH JANUARY 2022 AT 9.00AM. Substantial 10,470sq ft commercial property set over two floors in Kirkcaldy town centre. Currently occupied on the basis of a licence for £XXX per annum - providing a yield of 16.7% if bought at Guide Price.
* High yielding commercial investment.
* Immediate return on investment from day one.
* Prominent Town Centre location.
The property is a large commercial unit with two floors spanning 10,470 sq ft in total. The ground floor is comprised of a large open plan area with private rooms/offices lining the back wall and toilets to the right. There are fire exits on the ground floor; one at the front of the building, one to the side and one at the rear. The first floor is separated into two main rooms, with a plant room, two store rooms, a kitchenette and a W/C at the end of the back room. There is an additional fire exit to the rear of the first floor. The property also benefits from having a large, private car park to the rear of the property.
There is currently a licence in place for 5 years, beginning July 2020, with a fee of £XXX per annum. This would provide a yield of 16.7% if purchased at the Guide Price of £XXX
The property is situated just off of Kirkcaldy's high street. Kirkcaldy is at the heart of the Fife economy and is the largest town in the region. In 2019 Plans were announced to invest over £XXX million pounds in Kirkcaldy - new residential developments are planned for Kirkcaldy Town Centre.
Kirkcaldy is one of Fife's principle commerce centres serving a resident population in the region of 50,000 with a catchment area estimated to be in the region of 200,000.
To view legal documents for all properties, and to register for our online auctions please visit our website.