A traditional shop contained on part of the ground floor of a three storey mid terraced building of traditional stone and slate construction. The shop front incorporates two attractive display windows set in a painted surround with a central recessed entrance door.
Internally the premises are well presented and extend to around 38.75 sq. m (417 sq. ft) with the main accommodation as follows:
Retail Shop, Inner Stock Area, Rear Store/Stock Room and Toilet.
Location
St Andrews is an historic town and tourist destination which boasts Scotland’s oldest University, held in high academic regard throughout the country. The town is however possibly best known as the “Home of Golf” and enjoys a strong international reputation and appeal. The resident population is approximately 14,000, this being greatly enhanced by student numbers and tourists throughout the year; in addition the town also serves an extensive hinterland/catchment area in rural north-east Fife.
The Tay Road Bridge gives access to Dundee, Angus and Perthshire while there is a large British Army base at nearby Leuchars, which also benefits from a mainline Railway Station. University and golf related business provide the major employment opportunities in the area together with tourism, agriculture and local/regional commerce.
The subjects occupy a prime position off the south side of Market Street a short distance east from its junction with Bell Street within the centre of the town. Surrounding occupiers include Greggs, Vodaphone, Superdrug and Tesco.
Accommodation
Size - 38.75 sq m (417 sq ft)
Terms
ASSESSMENT - We have consulted the Fife Assessor’s website (www.saa.gov.uk) and note that the premises are entered in the current Valuation Roll as follows:
Rateable Value: £XXX
The Unified Business Rate for the financial year 2019/20 is 49.0 pence in the pound.
Small Business Relief may be available and this should be checked with Fife Council.
ENERGY PERFORMANCE RATING - An EPC will be made available to interested parties.
LEASE TERMS - The shop is currently occupied under the terms of a formal lease by Coastguard Road Limited – t/a Moshulu however they are due to vacate the premises on 1st August 2020.
Our client seeks a longer term lease on standard FRI terms but will be flexible in approach.
RENTAL - An initial rental in the region of £XXX per annum exclusive is anticipated.
OFFERS - Prospective tenants should agree the main Heads of Lease in writing with the Marketing Agents and thereafter our client’s solicitor will issue the formal lease documentation.
ENTRY - Entry is available by arrangement from August 2020 onwards.
GENERAL REMARKS - The premises occupy an excellent trading position in a prime town centre location with a good mix of mainly national retailers nearby.
Internally the shop is currently used in connection with a footwear business but could readily be adapted to a variety of other retail uses.
Specification
- Prime Town Centre Location
- Traditional Shop Premises
- 38.75 sq. m (417 sq. ft)
- Suitable for a variety of occupiers
- Entry available in August 2020
- Rent – Offers in the region of £XXX invited.