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SALE BY ONLINE AUCTION 14TH JANUARY 2021, Tenanted Commercial Investment, 425-427 High Street, Kirkcaldy, KY1 2SG

111 Sq Mt / Retail / Retail - High Street

For Sale - £64,000.00

Available - Last updated: 02 December 2020

SALE BY ONLINE AUCTION 14TH JANUARY 2021 AT 9.00AM.
Online Property Auctions Scotland are delighted to offer this affordable, high yielding, tenanted commercial property in Kirkcaldy Town Centre.

•    Fantastic Opportunity to acquire an Affordable Yielding Property in town centre of Kirkcaldy***Well Let Commercial Investment at £8k pa (Rising to £9k pa May 2020)*** Established Tenant leased from May 2018 – May 2023** FRI Lease***All 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 £500 million pounds in Kirkcaldy*** New Residential Developments are planned for Kirkcaldy Town Centre*** This is a fabulous High Yielding Investment Opportunity***
•    Recent Sales Include**107 High Street Sold £175k (Aug 19)**147 High Street Sold £90k (July 19)** 132 High Street Sold £231k (April 19)** 199 High Street Sold £125k (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 £8,000 per annum (rising to £9,000 per annum May 2020)*** The  current lease runs from May 2018 – May 2023*** This is an FRI lease in the tenants own name***The property is circa 1200 sq ft** All Rents 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 £15 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 **

Terms

Auction goes live 14th January 2021 at 9:00 GMT. Ends 14th January 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.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £64,000.00 NA

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