The subjects comprise a double fronted shop unit located at one of the rear entrances to the Shopping Centre. The subjects benefit from being situated outwith newly fitted doors so LATE NIGHT OPENING is available out with normal Shopping Centre opening times.
Location
Glenrothes is one of the principal towns serving Fife and is located in mid Fife about 8 miles north of Kirkcaldy. The town has a resident population of 39,000 with a catchment of over 385,000. The subjects form part of The Kingdom Shopping Centre which has 124 shops and 1500 car parking spaces. The subjects are located at the rear entrance next to the bus station and car parks. Other traders in the immediate vicinity include DUNNES DEPARTMENT STORE; CLUB 3000 BINGO; THE PHOENIX BAR; SUBWAY; ARGOS; WH SMITH; HOME BARGAINS ETC.
Accommodation
FRONTAGE - 25` (7.6m) approx.
RETURN FRONTAGE - 41`0 (12.5m) approx.
NET GROUND AREA - 660sqft (61.3 sqm) approx.
An upper floor area extending to circa 384sqft (35.7sqm) approx. is also available if required.
Terms
Rateable Value
We are verbally advised that the subjects have a current rateable value of £26,200.
Offers
Our clients are looking to assign their leasehold interest, however they are willing to consider sub lease deals and also may look at short term license agreements for a minimum of 12 months. Further details on request.
Rent
The rent is currently £12,500 per annum but rises to £13,500 pa after 1 year with further increases till year 5 when the rent will be £15,000 per annum.
Lease
The subjects are held on a 15x5 FRI lease from 23 August 2013 till 22 August 2028. There are tenant only break options in 2018 and 2023.
EPC
Available on request.