380 South Street, Glenrothes, KY7 5PA

Retail investment available with a net initial yield of 9.64%

Location

Glenrothes is situated approximately 30 miles north of Edinburgh and 22 miles south of Dundee. The property is situated to the west of the town centre in close proximity to the Kingdom Centre, the principal retail location within Glenrothes, adjacent to the Rothes Halls and within easy reach of the town centre’s main bus station.

Accommodation

The South Street property is a single storey, standalone, detached retail unit. Formerly operated as a bookmakers, the unit has been converted for hot food takeaway use. The unit is let on a full repairing and insuring terms for a period of 10 years to March 2023, a rent review is scheduled for March 2018. A full copy of the lease can be made available to interested parties.

Terms

Our clients are inviting offers in excess of £160,000 for the investment, reflecting a net intial yield of 9.64%, reflecting costs of 3.7%.