The subjects comprise a ground floor retail/office premises contained within a two storey, end-terraced stone building beneath a pitched and slated roof. The property internally is, in the majority, open-plan in nature. The unit would suit a variety of users, being ready for imminent occupation and requiring minimal capital expenditure.
Location
Dunfermline is one of Fife’s principal centres of commerce with an expanding residential population which exceeds 50,000. The town lies in a prominent location within Fife a few miles north of the Forth Road and Rail bridges and adjacent to the M90 motorway. The town has shown considerable expansion over the last decade with major investment in both the town centre including the extension to the Kingsgate Shopping Centre and the recently opened Tesco Supermarket. The new Queensferry Crossing is now open and provides a further transport link between Fife and the City of Edinburgh.
More specifically, the subjects occupy a prominent position on the south side of Carnegie Drive, Dunfermline’s principal thoroughfare opposite the new Tesco Superstore in an area surrounded by a complementary mix of commercial and residential uses. The High Street and the bus station are located nearby.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice and have calculated that the net internal area is as follows: 58 sq m (624 sq ft) or thereby.
Terms
ASSESSMENT:
We have consulted the Scottish Assessor’s website (www.saa.gov.uk) and note that the premises are entered in the current Valuation Roll as follows:-
Rateable Value: £XXX
This does however include the first floor level and will have to be reassessed once occupation has taken effect.
The property qualifies for 100% rates exemption under the Small Business Bonus Rates Relief Scheme.
We are advised that the current business rate is 46.6 pence.
Under existing legislation a new occupier has the right to appeal against this assessment.
LEASE TERMS:
A new full repairing and insuring (FRI) lease, for a negotiable duration.
RENT:
£XXX per annum, exclusive
ENERGY PERFORMANCE RATING:
A copy of the Energy Performance Certificate can be made available to interested parties.
GENERAL REMARKS
A Rates exempt, cost effective rental opportunity benefiting from high levels of vehicle and pedestrian footfall.
DATE OF ENTRY:
Entry will be available on completion of legal formalities.
Specification
- Well presented ground floor retail unit
- Prominent frontage on busy thoroughfare directly opposite Tesco Superstore
- Qualifies for 100% Rates exemption
- First floor may be available through separate negotiation