23 April 2025: Wednesday 23 April 2025 - 9:00am
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    Key features

    • High Yielding Retail Investment
    • Retail Unit Let as a Takeaway
    • Lease Expires 01/11/2026
    • Producing £5,208 per annum
    • Forming Part of an Established Local Parade
    • Investment Let at £5,208 p.a. (17.36% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment opportunity let to a local takeaway and set within a popular local parade.

    Arranged across ground floor only, the property is let to a private individual trading as a takeaway on a three year license expiring 01/11/2026 and paying £5,208 per annum.

    Glenrothes is one of the largest towns in Fife with a population of over 50,000.

    Additional information

    Tenure

    Freehold

    Rent

    £5,208 per annum

    Notes

    We understand the property is elected for VAT. It is anticipated the sale can be treated as a Transfer of a Going Concern (TOGC).

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      .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 property is 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.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums