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EH3 6QW
Tel: 0131 624 6640
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Lot 10

189 AND 189A HIGH STREET, KIRKCALDY, KY1 1JA

Centrally Located Vacant Retail Unit and Office Investment £6,500 p.a.

Location

Kirkcaldy (pop circa 50,000) is on the north side of the Firth of Forth some 13 miles west of Dunfermline, 11 miles from the M90 and 15 miles from the Forth Road Bridge. It is the main regional centre for the surrounding area with a catchment area estimated at 150,000. The town has a good range of shopping, leisure and educational facilities and it benefits from excellent transport links to the central Scotland motorway network via the A92. The property is also close to railway and bus station links. Situated in the pedestrianised area of the High Street, the property is located in a prominent position within the heart of the town centre. Nearby occupiers include Marks & Spencer, WH Smith, Debenhams, New Look, Costa Coffee, Waterstones and a number of independent traders.

Description

The property comprises a two storey modern brick built building under a flat roof, with retail over the ground floor and a self contained office unit on the first floor. Internally, the ground floor retail accommodation comprises a spacious sales area with ample storage to the rear and staff room and toilets at first floor level. The unit has glazed full height display windows and benefits from timber flooring, suspended ceiling and fluorescent lighting. There may be potential in dividing this unit up to provide more flexible, useful space. The first floor is office space, accessed separately via an entrance and stair directly from the High Street and is currently occupied by Kirkcaldy 4 All. This unit comprises open plan office, meeting room, two further offices, kitchen and toilets and benefits from carpeting, gas central heating and fluorescent lighting. There is some restricted on street parking available within the vicinity and further parking available within a number of nearby car parks. This is a well placed property within a thriving shopping area with the extensive surrounding office, residential and leisure areas providing local trade.

Retail Accommodation

Location sq.m. sq.ft.
Main Sales Area 145.3 sq.m. 1564 sq ft
Store 86.9 sq.m . 935 sq ft
Kitchen 13.6 sq.m . 146 sq ft
Total (excl. toilets/meter room) approx 245.8 sq.m. 2645 sq ft

First Floor Office Accommodation

Location sq.m. sq.ft.
Main Office 80.0 sq.m 861
Meeting Room 19.8 sq.m 213
Kitchen 4.6 sq.m 50
Office 9.6 sq.m 103
Office 11.3 sq.m 122
Total (excl.toilets) 125.3 sq.m 1349

Tenancy

The first floor office unit is let to Kirkcaldy 4 All on a licence agreement, at a rent of £6,500 p.a. to be payable quarterly for a period of 5 years from 1/5/2015 expiring 30/4/2020. The licence is subject to a schedule of condition dated March 2011. We recommend that interested parties inspect the licence agreement which is available as part of the Seller’s solicitors title pack.

Tenure

Owner part Vacant Possession

Rateable Value

Ground Floor Retail - £38,600
First Floor Office - £9,200.

EPC

189 High St - Band E.
189A High St – Band E.

Viewing

Strictly by arrangement with the Auctioneers SVA Property Auctions Ltd: 0131 624 6640.




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