The properties comprise two tenanted takeaway investments. They are situated next to each other within a two storey terrace of commercial premises.
Each unit has been fitted in accordance with the specific tenants use but in the main provide a front servery area and fitted kitchen and wc’s to rear.
Location
Dunfermline is one of Fife’s principal centres of commerce, with a population of 55,000 and a catchment area exceeding 150,000 people. The city occupies a key location within Fife, situated several miles north of the Queensferry Crossing, the Forth Road and Rail Bridges and adjacent to the M90 motorway.
The properties are located on Bruce Street, a secondary retailing area of Dunfermline City Centre. The surrounding area is predominantly commercial in use and benefit from an excellent position with direct access to the cities primary bus station.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice 6th Edition on a net internal basis and is as follows:
24 Bruce Street - Hot food takeaway - 97.75 sq m (1,052 sq ft)
26 Bruce Street - Hot food takeaway - 100.3 sq m (1,080 sq ft)
Terms
LEASE TERMS:
24 Bruce Street – Let to Wonderfoods Ltd on a 10 year FRI lease from 1st March 2025. The passing rent is £12,000 pa. Trading as a hot food takeaway.
26 Bruce Street – Let to Fortune Ventures Ltd on a 5 year FRI lease from 1st April 2021. The passing rent is £12,000 pa. Trading as a hot food takeaway.
Lease documentation can be made available to seriously interested parties upon request.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate’s (EPC) for the subjects are available upon request.
NON-DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have the following Rateable Values:
24 Bruce Street - £12,800
26 Bruce Street - £11,800
SALE TERMS: Offers over £220,000 plus VAT are invited for both units or, £110,000 plus VAT each unit individually.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in any transaction.
VAT: All prices quoted are exclusive of VAT which may be chargeable.
Specification
- Two tenanted retail/takeaway opportunities
- Passing rents of £12,000 per annum for each unit
- City Centre location
- Can be sold as a single unit or as individual investments
- 11% yield based on current passing rents
- Offers over £220,000 plus VAT as a whole or £110,000 plus VAT for each