SALE BY ONLINE AUCTION 17TH JUNE 2021 AT 9.00AM. Online Property Auctions are delighted to offer this low cost, high yielding, tenanted commercial unit in Kirkcaldy town centre. Superb Buy-to-Let investment, with rental yield of 15%+ against Guide Price.
• Fantastic Opportunity to acquire an Affordable Yielding Property (15.3% Rental Yield) In town Centre of Kirkcaldy***Well Let Commercial Investment at £XXX per annum*** Established Tenant leased from March 2017 – February 2022*** FRI Lease with Deposit Held by Landlord**Rent up to Date**
• Kirkcaldy is at the heart of the Fife economy and is the largest town in the region. In 2019 Plans were announced to invest over £XXX million pounds in Kirkcaldy*** New Residential Developments are planned for Kirkcaldy Town Centre*** This is a fabulous High Yielding Investment Opportunity***
• High Street Sales Include**107 High Street Sold £XXX (Aug 19)**147 High Street Sold £XXX (July 19)** 132 High Street Sold £XXX (April 19)** 199 High Street Sold £XXX (March 19)**
• The surrounding area is given over to a mix of commercial and residential usage with nearby occupiers including Barony Housing Association, La Gondola Restaurant*** Excellent Car parking facilities*** Great Local Parade**Fully Occupied**
• The property is located on the eastern side of High Street, to the northern periphery of the town centre with the Kirkcaldy Docks and Deas Wharf Street being directly opposite.
This fabulous well let Commercial Investment property is rented for £XXX per annum*** The current lease runs from March 2017 – February 2022*** This is an FRI lease in the tenants own name and there is a deposit of £XXX**The property is circa 510 sq ft** All Rent is up to Date*** Kirkcaldy is one of Fife’s principal centres having a population approaching 50,000 persons and a catchment area estimated to be in the region of 150,000. The town benefits from an excellent transportation system, having a railway station located on the east coast mainline which runs from London Kings Cross via Edinburgh to Aberdeen and the East Fife Regional Road providing a first class dual carriageway link into Central Scotland’s motorway network. The subjects themselves are located on the eastern side of High Street, to the northern periphery of the town centre with the Kirkcaldy Docks and Deas Wharf Street being directly opposite. The surrounding area is given over to a mix of commercial and residential usage with nearby occupiers including Barony Housing Association and La Gondola Restaurant *** Kirkcaldy 4 All was established in 2010 and is Kirkcaldy's Business Improvement District (BID). ***Kirkcaldy High Street offers a mix of national & local retailers which is enhanced by the Mercat Shopping Centre and the £XXX million Leisure Centre located on the Esplanade close to the town centre ***Town Centre Catchment Population of circa 130,000 residents***Excellent Opportunity & Likely to attract Interest from Professional Investors **
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BRIDGING FINANCE AVAILABLE ON THIS PROPERTY
Online Property Auctions Scotland have teamed up with a local boutique finance house to provide pre-approved finance on this property. Subject to terms and conditions, contact us for more details.
Terms
Auction goes live 17th June 2021 at 9:00 GMT. Ends 17th June 2021 at 15:00 GMT. You must be registered on www.opascotland.com to be able to bid on property and view legal documents. Purchase is subject to security checks, carried out by third party electronically.