The subjects under report comprise a ground floor retail unit with upper floor storage, which forms part of a traditional brick building contained under a corrugated industrial roof.
The unit benefits from a large double frontage and can be entered by way of a recessed entrance door, all providing good natural lighting to the unit. Currently there is ground floor retail space and first floor storage space.
Additionally, there is a w/c on the ground floor.
Location
Markinch is a well-established town located immediately to the northeast of the former new town of Glenrothes with a residential population of approximately 2,500. There is a local mainline railway station located south of the property, and a good variety of local independent retailers active within the nearby High Street and Balbirnie Street, which together form the main arterial traffic routes through the town.
The property is located on the east side of Commercial Street. Parking is available on Croft Road adjacent to the front of the property.
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:
182.56 sq m (897 sq ft) on an ITZA basis.
Main retail space, storage, w/c, rear kitchen area, attic storage, garden.
Terms
RATEABLE VALUE: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £8,500 per annum (ground floor) and £1,100 per annum (first floor storage).
It should be noted under the terms of the Small Business Bonus Scheme, the property maybe eligible for 100% rates relief.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
SALE TERMS: Offers in the region of £110,000 are invited for the benefit of our client’s heritable interest.
VAT: All prices quoted are exclusive of VAT, which is chargeable.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in any transaction.
ENTRY: Upon completion of legal formalities.
Specification
- Double fronted open plan ground floor unit
- Upper level storage space
- Prominent location in Markinch
- Suitable for a variety of uses
- Offers in the region of £110,000