The subjects comprise former bar premises which our client is proposing to refurbish to suit the ingoing tenant’s proposed use. The adjoining premises are let to Stephens Bakeries. The subjects would suit a variety of retail uses.
Location
Kirkcaldy is the main regional centre for the surrounding area and has a resident population approaching 50,000 persons. Kirkcaldy is centrally located in Fife, approximately 25 miles north of Edinburgh on the east coast of Scotland. The town is served with all essential transport, shopping, educational and medical facilities and benefits from excellent transport links to the motorway network via the A92 dual carriageway.
The subjects are located on the busy and prominent Hayfield Road. This is a mixed residential and commercial location adjacent to the town’s main hospital. The location would suit a variety of occupiers
Accommodation
The total area available extends to approximately 139 sq m (1,500 sq ft) or thereby. The Landlord would sub-divide to create 2 further units. There is additional external ground which could be developed further to suit the ingoing tenant’s requirements. In addition there is shared use of the car park facility adjacent to the Stephens unit.
Terms
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction with the ingoing tenant being responsible for any registration dues and VAT thereon.
MONEY LAUNDERING The money laundering, terrorist financing and transfer of funds (information on the payer) regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.
RATEABLE VALUE The subjects will require to be reassessed for rating purposes.
VAT VAT will be charged on the annual rent.
EPC Will be provided upon completion of the refurbishment.
TERMS Rental offers of £30,000 per annum are invited for the single unit Further details on application.
Specification
- BUSY AND PROMINENT LOCATION.
- MIXED RESIDENTIAL AND COMMERCIAL AREA IN CLOSE PROXIMITY TO HOSPITAL.
- AVAILABLE AS SINGLE UNIT OR LANDLORD WOULD SUB DIVIDE TO CREATE 2 X UNITS.
- 139 SQ M (1,500 SQ FT).
- RENTAL OF £30,000 PER ANNUM.