FOR SALE BY ONLINE AUCTION ON WEDNESDAY 29TH JANUARY 2025 AT 9AM. ***GREAT OPPORTUNITY TO ACQUIRE 7 SHOP UNITS IN POPULAR LOCAL PARADE***. ***COMMERCIAL INVESTMENT OPPORTUNITY***HIGH YIELDING INVESTMENT***
***WELL LET SHOP UNITS IN LOCAL POPULAR PARADE***
***RECENT NEARBY SALES***
Residential - 36 Camby Road, Glenrothes, Fife, KY7 5BX - SOLD £324,000 (Aug'24)
Residential - 4 Methven Drive, Glenrothers, Fife, KY7 6QW - SOLD £335,000 (Aug'24)
THE 7 UNITS ARE MADE UP OF:
UNIT 20 - ***Circa 500 sq ft***Commercial lease £5720 p.a (Feb 24) ***
• This property is let for £476.67pcm (+vat) on a new commercial Lease agreement *** £5720 per annum income ***
• This property is tenanted as a tattoo parlour*** 3 Year Lease lasts until January 2027*** Solid investment credentials***
UNIT 22 - ***Circa 500 sq ft***Commercial lease £5420 p.a***
• This property is let for £451.67pcm (+vat) on a new commercial Lease agreement *** £5420 per annum income ***
• This property is tenanted as a kebab and pizza takeaway***Lease lasts until May'26*** Solid investment credentials***
UNIT 24 - ***Circa 500 sq ft***Commercial lease £4800 p.a***
• This property is let for £400pcm (+vat) on a commercial Lease agreement *** £4800 per annum income ***
• This property is tenanted as a barbers hairdressers***Lease lasts until January 2027 (with a break option on January 2025)*** Solid investment credentials***
UNIT 26 - ***VACANT***Circa 500 sq ft***
The property comprises an end-terraced building of masonry construction, under a flat roof. The building is arranged over three floors, providing retail space on the ground floor and residential accommodation above. The property benefits from a glazed frontage and single access door to the front elevation. Internally, the unit benefits from open planed sales area with storage space and staff welfare facilities to the rear.
UNIT 36 - ***Circa 500 sq ft***Commercial lease £3750 p.a***
• This property is let for £312.50pcm (+vat) on a commercial Lease agreement *** £3750 per annum income ***
• This property is tenanted as a hairdressers*** Solid investment credentials***
UNIT 38 - ***VACANT***Circa 500 sq ft***
UNIT 52 - ***VACANT***Circa 500 sq ft***
The property comprises an end-terraced building of masonry construction, under a flat roof. The building is arranged over three floors, providing retail space on the ground floor and residential accommodation above. The property benefits from a glazed frontage and single access door to the front elevation. Internally, the unit benefits from open planed sales area with storage space and staff welfare facilities to the rear.***
***Popular local parade***Fantastic opportunity to acquire 7 retail units in popular local parade of shops in a sought after residential district in Glenrothes. Four of these properties are being sold with a tenant in place and although subject to VAT, any sale could be treated as a TOGC (subject to obtaining independent advice).*** The properties are ground floor retail units contained within a purpose built development with residential on the upper floors***
***Glenrothes is a thriving New Town in Central Fife with an expanding population which is now approaching approximately 50,000.***The town is the administrative centre for the Fife Region and benefits from a busy commercial centre focused on the Kingdom Centre and also a large number of established industrial estates around its periphery.***The subjects are well situated for access to the A92, connecting to the central belt via the M90. Glenrothes is further served by having railway stations at both Thornton and Markinch***Glenrothes is a major service centre and is the administrative capital of Fife, containing the headquarters of both Fife Council and Police Scotland Fife Division.***It is a centre for excellence within the high-tech electronics and manufacturing sectors.***
GUIDE PRICE: £210,000
The purchase of this property is subject to VAT.
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Well let retail units
Very popular residential area in Glenrothes with a great selection of local operators
High yielding investment
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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