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Retail Premises, 65 High Street, Kirkcaldy, KY1 1RN

688 Sq Ft / Retail / Retail - High Street

For Sale

To Let - £12,500.00 per annum

Available - Last updated: 02 September 2020

The premises comprise a double-windowed retail unit arranged over the ground floor only of a single storey building.

Internally there is a main sales area with staff and storage facilities to the rear.

Location

Kirkcaldy is located approximately 25 miles north of Edinburgh and is one of the largest towns in Fife with a resident population of around 50,000 people and a catchment of around 200,000.

The subject premises are located in a prominent position in close proximity to Whytehouse Avenue.

Nearby occupiers include Charles Clinkard Shoes, JD Wetherspoons Exchequer Public House / Restaurant, Manifesto Clothing, Trespass and the Tipsy Cow.

Accommodation

The main dimensions and net internal area are as follows:

Gross Frontage - 19 ft 2 ins (5.83 m) 

Net Frontage - 17 ft 3 ins (5.25 m) 

Ground Floor - 688 sq ft (63.92 sq m)

Terms

RATING - We are verbally advised by the local Assessors department that the subjects are entered in the Valuation Roll as follows:

Rateable Value £11,500
Commercial Rate Poundage £0.49 (exclusive of water and sewerage rates)
Rates Payable £5,635 per annum

Please note the rates payable may be subject to relief from the small business rates scheme or recent government measures announced to assist businesses during the Covid-19 outbreak.

RENT - Offers in excess of £12,500 per annum exclusive are invited.

LEASE TERMS - The premises are available on the basis of a new full repairing and insuring lease for a minimum term of 10 years subject to 5 yearly upward only rent reviews.

SALE - Alternatively, our client may consider selling with vacant possession. Price on application.

PLANNING - The premises currently benefit from Class 1 (Retail) consent. The premises may also be suitable for Class 2 (Office) and Hot Food Consent (Sui Generis) subject to securing a change of use.

LEGAL COSTS & VAT
Each party is to be responsible for their own legal costs incurred in connection with this transaction with the ingoing tenant to be responsible for Land and Buildings Transaction Tax (LBTT), registration fees and any VAT incurred thereon.

ENERGY PERFORMANCE CERTIFICATE - EPC rating details available upon request.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
May Sell - Price on Application For Sale Freehold NA NA
Offers in excess of To Let £12,500.00 per annum

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Contact agents

Peter Hutton

Canning Vale Property

0141 266 0240

Neil Munro

Neil Munro Property

0141 432 0418



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