Property Details

25 Elphinstone Street
Fife

Offers over£45,000

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PropertyDescription

LOCATION
The subject premises are located fairly centrally just slightly towards the north west side of Elphistone Street and is situated in a very prominent position within the street.

The location is a mixed commercial and residential, typically set up with various retailers occupying ground floors with residential properties above. Elphistone Street is positioned between High Street and the roundabout leading to Station Road and Kilbagie Street. The burgh of Kincardine is a small town on the north shore of the Firth of Forth, in Fife and is less than 0.5KM from the Kincardine Bridge an excellent transport link serving access to Falkirk and Fife respectively.

DESCRIPTION
The subjects comprise a commercial retail unit in a mixed-use busy local street. The premises occupy the ground floor of a two-storey new stone-built tenement block, beneath a pitched slated roof.

Internally, the unit is set up with a large open plan retail area to the front righthand side, another smaller private room to the front left, kitchen/staff area to the rear left and a WC in the middle left hand side.

Externally the shop has 3 large display windows and a large two panelled glazed door allowing plenty of light into the front area. Unfortunately, the shop front has no electricity and is in need of some repairs, incentives will be offered to potential tenants.
The property would suit various retail occupiers.

ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
Total: 45 SQ M (485 SQ FT)

SALE PRICE
Our clients are seeking offers over £45,000 for the freehold interest of this property.

RENT
Rent for this property is £6,000 per annum.

LEASE
We are looking to achieve a minimum 5-year FRI lease but would consider other terms.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £4,450. The uniform business rate for the current year is £0.49 pence in the pound.

Occupiers may be eligible for rates relief through the Small Business Bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

UTILTIES
The properties are served by mains electricity and water.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending. A copy of the recommendation report is available on request.

LEGAL COSTS
Each party shall bear their own costs of preparation of the agreement.

ENTRY
Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, IME DJK Group Ltd.

PropertyOverview

  • Property ID:P584
  • Postal Code: FK10 4RH
  • Status:For Sale
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:485 sq ft
  • Price:£45,000

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