Property for sale
Property description & features
- Tenure: Freehold
- Large commercial unit with a gross internal area 242.47 sqm
- Potential end market rent of £14,500 per annum. Yield of 16% at guide price.
- Ample free parking and service yard area
* RARE OPPORTUNITY * to purchase a commercial property with outstanding potential. The property features a rear service yard and ample free parking
With a gross internal area of 242.47 sqm, the subjects comprise a single storey unit of masonry construction within a parade of retail shops. The property benefits from accessible access and a shared goods yard to the rear. There is a roller shutter to the side of the property which acts as a goods entrance. The property further benefits from having roller shutters. The building was previously used as a convenience store however, the commercial unit could be used for a variety of purposes.
Planning permission granted to change use from retail (Class 1) to hot food takeaway. Planing documents can be found here: or with the reference 23/01596/FULL
Internally, there is a large open retail sales space which is rectangular in shape with tiled flooring. To the rear there is ample storage space, office space and staff facilities. Well positioned and close to local amenities, the property further benefits from being close to Kirkcaldy Railway Station.
*21 Benarty Street, KY2 5TE SOLD £125,555 (May 2019) * 53 Pentland Place, KY2 6AG SOLD £113,000 (June 2020) * 19 Pentland Place KY2 6AG SOLD £110,000 (June 2019) *
Rarely brought to auction, this substantial commercial unit would make an excellent investment for investors with an potential annual end market rent of £14,500 per annum giving a yield of 16% at guide price. This is a prime investment opportunity, with the possibility of delivering a superb annual rental income with a high yield. Well positioned and in a highly desirable area, the property benefits from being close to Kirkcaldy town center which hosts a variety of amenities. The property further benefits from being close to transport links including Kirkcaldy train station which is a 4 minute drive away (0.9 miles) as well as the M9 motorway which gives access to Glasgow and Edinburgh. Kirkcaldy is located in central Scotland being easily accessible from * EXCELLENT INVESTMENT OPPORTUNITY WITH BAGS OF POTENTIAL *
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