63 High Street comprise retail and office premises arranged over the ground, first and second floors of a three storey, mid-terraced building of traditional stone and slate construction.
The retail frontage to High Street comprises a aluminium/glazed entrance door together with full height aluminium/glazed display windows.
Internally, the subjects are arranged to provide a main, open plan retailing area to the ground floor together with appropriate staff and ancillary areas.
Access to the upper floors is provided via an internal stairwell. The first and second floor accommodation provides a range of open plan and cellular office accommodation incorporating staff kitchen and toilet facilities.
Consideration may be given to the letting of the ground and upper floors separately dependent upon the tenant covenant and lease terms on offer.
Location
Leven is an expanding central Fife town situated on the north bank of the Firth of Forth approximately 10 miles north east of Kirkcaldy. The town is the main commercial centre for the Levenmouth area which consists of a range of small towns and villages, including Buckhaven, Kennoway, Methil and Windygates.
The subjects are well located in a prominent position on the primary High Street, within an area of considerable passing footfall and trade. A number of national occupiers are located nearby and these include Poundstretcher, Bank of Scotland and Ladbrokes.
Accommodation
We calculate that the subjects extend to the following net internal areas:-
Ground Floor - 63.91 sq.m (690 sq.ft)
First Floor - 43.58 sq.m (470 sq.ft)
Second Floor - 56.23 sq.m (605 sq.ft)
The abovementioned sizes have been calculated for agency purposes only and should be used for no other purpose whatsoever.
Terms
ASSESSMENT - Having regard to the Scottish Assessors’ website (www.saa.gov.uk) we note that the premises are entered into the current Valuation Roll as follows:
Rateable Value: £11,400
From the 1st April 2017 the Small Business Bonus Scheme was amended to reflect 100% reduction on under £15,000 (subject to the necessary criteria), ultimately leading to a full 100% discount for this property.
The Unified Business Rate for the financial year 2018/2019 is 48 pence.
RENTAL OFFERS - Offers in the region of £17,000 per annum exclusive are invited.
LEASE TERMS - The subjects are offered on standard Full Repairing and Insuring terms for a period to be negotiated, incorporating rent reviews at appropriate intervals.
VAT - All figures quoted are exclusive of VAT if applicable.
Specification
- Retail and Office Premises
- Ground, First and Second Floor Accommodation
- Prominent High Street location
- Excellent Retail Frontage
- Possible sub division of ground and upper floors
- Rental of £17,000 per annum, exclusive