The subjects comprise a large double fronted shop unit contained in a 2 storey building.
The upper floor is included in the lease but has been sub-let to Pixel Planet.
Location
Leven is a seaside town of around 10,000 persons which forms part of Levenmouth conurbation which has a catchment population of over 38,000.
Leven is situated on the coast around 8 miles to the north east of Kirkcaldy and 6 miles east of Glenrothes. The property is located on the south side of the High Street which forms the main commercial location in the town centre.
Occupiers in the immediate vicinity include COSTA COFFEE; GREGGS; BAYNES THE BAKER; BOOTS; POUNDSTRETCHER; POUNDLAND; NEW LOOK; ICELAND; TSB; BANK OF SCOTLAND and a variety of local independents.
The property also has the benefit of direct rear and side access on to the main town centre car park which provides free car parking all day.
Accommodation
The shop unit currently trades as Ladbrokes and has a frontage of approximately 35`0 ( 11 m ) approx. and a ground floor trading area of around 1,000 sqft ( 93sqm ) approx.
The shop unit has undergone a recent upgrade and has the new Ladbrokes signage and shop fit.
The upper floor has been sub-let and has its own separate side access next to the shop.
It should be noted that Ladbrokes is the only bookmaker left in Leven and there are no other competitors within 3 miles of Leven.
Terms
Rent/Lease - The FRI lease is due to expire on 28th May 2031 and there are no break options in the lease – the tenant is LADBROKES BETTING + GAMING LIMITED. There is a rent review due on 28th May 2026.
The passing rent was previously £XXX per annum but was reduced to a new rental of £XXX per annum when the lease was extended in 2020.
A copy of the lease is available to interested parties.
Rateable Value - The subjects have a current rateable value of £XXX for the ground floor shop.
Price - Offers in excess of £XXX are invited for our clients heritable interest