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Retail / Redevelopment Opportunity, 302 High Street, Kirkcaldy, KY1 1LB

2,861 Sq Ft / Retail / Retail - High Street

For Sale - £125,000.00

To Let - £12,000.00 per annum

Available - Last updated: 16 June 2020

The subjects comprise a mid-terraced property of stone construction surmounted by a pitched and slated roof. The Rhone’s and downpipes are of a cast iron nature. The front of the subjects is painted stone with a glazed windows and single access door. The subjects also benefit from separate access to the first floor from the High Street.

Internally, the subject is split over three floors, basement, ground and first. The property benefits from two frontages one on the High Street and the other on the Esplanade.

Location

Kirkcaldy is one of Fifes principal centres having a resident population of approximately 50,000 persons and a further catchment area now estimated to be in excess of 150,000. The town benefits from an excellent communications system having a mainline railway station with regular services to Edinburgh and the rest of Fife on the Fife circular route. The town is also situated adjacent to the East Fife Regional Road (A92) which provides readily available road links to the motorway network of Central Scotland and beyond.

The subjects are situated on the south side of the High Street in Kirkcaldy. The Esplanade and the High Street are the main thoroughfares and shopping thoroughfares through Kirkcaldy. The subjects are situated within the catchment of Port Braw in a highly populated residential and mixed commercial area. Nearby occupiers include Costa, Bank of Scotland and Kirkcaldy Leisure Centre.

Accommodation

Ground Floor - 2,009 sq ft

First Floor - 851 sq ft

Total - 2,861 sq ft

Terms

We are quoting offers over £125,000 exclusive of VAT. Our client may consider letting the property on FRI terms at a rental of £12,000 per annum.

RATEABLE VALUE
According to the Scottish Assessors Association, the current rateable value is;

302 High Street, Kirkcaldy – £12,300.

Subject to fulfilling the set criteria, some occupiers may be eligible for 100% rates relief under the Small Business Bonus Scheme.

PLANNING
The property currently benefits from Class 1 & 2 consent, however, maybe suitable for alternative uses / redevelopment subject to planning. All planning queries should be made directly to Fife Council on 03451 55 11 22.

VAT & LEGAL EXPENSES
Each party to bear their own legal expenses, however, the tenant will be responsible for any VAT payable, Land and Buildings Transaction Tax and registration dues incurred in connection with this transaction.

EPC
Available on request

Specification

  • Prominent location on High Street, Kirkcaldy
  • Offers over £125,000 exclusive of VAT
  • Benefits from two frontages, one on Esplanade and the High Street
  • Great passing and local trade
  • Redevelopment opportunity, subject to gaining the necessary planning permissions
  • Property benefits from full rates relief

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers Over For Sale Freehold £125,000.00 NA
May Let To Let £12,000.00 per annum

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Contact agents

Gregor Brown

Gerald Eve LLP (Scotland)

0141 432 0697

Sadik Chowdhury

Gerald Eve LLP (Scotland)

0141 432 1315

Bilal Ashraf

Graham + Sibbald

0131 610 0743



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