The subjects comprise a ground floor lock up shop unit forming part of the Glenwood Centre, an original neighbourhood shopping parade including customer parking built in the 1960’s, serving the surrounding residential catchment.
Location
Glenrothes established itself as a ‘new town’ in the late 1940’s and has since grown to become the third largest settlement within Fife, with a population of circa. 38,750 persons.
The subjects are located on the south side of Minto Crescent at it’s junction with Roxburgh Road & South Parks Road, one of the main routes leading immediately west from the town centre.
Surrounding occupiers include Tesco Express, Coral Bookmakers, Domino’s Pizza, RS McColl, Iceland, Jasmine Indian Restaurant, Lloyds Pharmacy, Shopsmart, Shell PFS, Glenwood High School & Glenwood Library etc.
Accommodation
The premises provide the following approximate areas:-
GROUND FLOOR: 93.19 SQ M (1,003 SQ FT)
Terms
LEASE TERMS
The subjects are held on a full repairing & insuring lease expiring 21st Feb 2027, incorporating 5 yearly rent reviews. There is a tenant option to extend the lease.
Our clients will consider either an assignation of their existing lease or a sub-lease for a term to be agreed.
RENT
The passing rent is £7,300 pa. No VAT applicable.
Incentives may be available, subject to status.
RATES
We understand the subjects are currently entered in the Valuation Roll as follows:-
Rateable Value £7,500 [01/04/10]
UBR £0.471
USE
The premises benefit from Class 1 & 2 planning consent.
ENERGY PERFORMANCE CERTIFICATE
EPC Rating – tbc [Copy available on request].
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction, with the ingoing tenant responsible for any LBTT & registration dues payable.