McLean House, Pitreavie Business Park, Queensferry Road, Rosyth, KY11 8UU

LOCATION
Fife is a coastal area of Scotland situated between the Firth of Tay and the First of Forth with inland boundaries to Perth and Kinross and Clackmannanshire. Fife has the largest Local Authority by population with a resident population of just under 360,000 and is dominated by the three principal towns of Dunfermline, Kirkcaldy and Glenrothes.
Dunfermline is situated in the bridge head area of Fife approximately 15 miles northwest of Edinburgh with excellent vehicular communications via the M90 Edinburgh to Perth motorway and also the train link to Edinburgh.
Pitreavie Business Park is one of Fife’s premier business locations, the subjects themselves being situated in an area characterised by office buildings where occupiers include the Bank of Scotland, Nationwide, Sky and Evans Easy Space Business Centre.

ACCOMMODATION
From measurements taken on site, we calculate the subjects extend as follows:

Floor

Accommodation

Net Area
(sq m)

Net Area
(sq ft)

Ground Offices
196.31
2,113

Reception area
19.48
210

Store
3.00
32

First Offices
212.43
2,287

Store
6.99
75

Total
438.21
4,717

LEASES
Tenant – FIS
Passing Rent - £65,000 per annum
Lease expiry - 23 May 2019
Full Repairing and Insuring lease.

SALE PRICE
Our client is seeking offers in excess of £500,000 for the heritable interest in this investment; this would provide the investor with an initial yield of 13.8% assuming purchaser costs of 5.8%.
DESCRIPTION The subjects comprise a modern, detached, purpose built two-storey office building of steel frame construction with facing brick walls and profiled clad walls.

The office accommodation provides a mixture of open plan style and cellular office space allowing room for circa fifty members of staff. There is also a tea preparation room, breakout area and WC facilities.
The unit benefits from a large car park with space for up to 18 vehicles.

EPC
Released on application.

VAT
Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.

RATEABLE VALUE
The Regional Assessors Department have entered the property in the current Valuation Roll at a rateable value of £50,750 per annum.

ENTRY
By mutual agreement.