For Sale By Auction | 14:00, 30 January 2020

2, Whytehouse Avenue, Kirkcaldy, Fife, KY1 1UW

*Guide | £29,500 (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 30/01/2020

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Commercial property

This retail commercial unit enjoys prime location just off the High Street in the Fife town of Kirkcaldy. The internal area is in one section and extends to approx 44 sq. metres (473 sq. feet) and partial refurbishment works have been undertaken to include walls injected and damp proof course wall coverings installed with 20 years guarantee. On completion of works, possibly including the addition of a mezzanine floor as the adjoining unit has done, there is the opportunity to add significant value to the competitive Guide Price with rental comparables suggesting a potential rental return of £500pcm equating to over 20% gross rental yield at Guide Price. The property has a published Rateable Value of £4,400 which means the property may qualify for rates relief under the Small Business Bonus Scheme thus making the property attractive to a start up venture. This is an exciting opportunity for a small business start up or addition to commercial portfolio and early expression of interest is strongly recommended.

Tenure

Freehold

Convenient central location

Opportunity to add value through refurbishment

Strong rental yield potential

Potential rates relief available

Small business start up or commercial rental

Area

Kirkcaldy is a town in Fife on the east coast of Scotland. The town is a major service centre for the central Fife area, home to a swimming pool, theatre, museum and art gallery, three public car parks and an ice rink. Its lies approximately twelve miles from Edinburgh and twenty-five miles from Dundee. Kirkcaldy is well catered for by schooling and a new hospital. The High Street is a bustling community and lies parallel to the beach.

Local Authority

Fife Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.