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20-38, 52 Woodside Way, Glenrothes, KY7 5DF, 20 Woodside Way, Glenrothes, KY7 5DF

Offers in Excess of
£225,000

£450.00 per sq ft

Business rates & charges may apply

Kirkstone, Glasgow
SIZE AVAILABLE

500 sq ft

46 sq m

SECTOR

High street retail property for sale

Key features

  • Busy thoroughfare
  • Residential area
  • Income of £19,720 pa
  • Offers over £225,000
  • Net Initial Yield 8.7%
  • Potential Yield 16.2%

Description

Description
The subjects comprise a parade of 7 ground floor retail units of masonry construction, under a flat roof. The building is arranged over three floors, providing retail space on the ground floor and residential accommodation above.

Each unit benefits from glazed frontage and single access door to the front elevation. Internally, the units benefit from open plan sales areas with storage and staff welfare areas to the rear.

Location
Glenrothes is a town situated in the heart of Fife, in east-central Scotland. The town lies approximately 5 miles north of Kirkcaldy and has an excellent communication system including main line railway stations at both Markinch and Thornton. The town also benefits from the A92 East Fife Regional road which provides a first class dual carriageway linking to central Scotland’s motorway network.

The subjects are situated on the north side Woodside Way, Glenrothes. Woodside
Way is situated within the catchment of Woodside in a highly populated residential area. Nearby occupiers include Barrie’s Barbers, Woodside Community Centre and Easy Stop.

Accommodation
Each unit has a net internal area of circa 500 sq ft.

Tenancies
Lease documentation can be made available to genuinely interested parties.

Tenure
Heritable Interest (Scottish equivalent of English Freehold).

Price
Offers over £225,000 are invited for our clients heritable interest (Scottish equivalent to English Freehold) subject to the lease agreements in place. A purchase at this level would reflect a NIY of 8.7% after purchasers' costs and a potential yield of 16.2% after the 3 vacant units are let.

Rateable Values
We refer you to the Scottish Assessors Association website for details.

EPC
Copies of the Energy Performance Certificates (EPC) are available upon request.

What3words
trade.reward.army

Brochures

20-38, 52 Woodside Way, Glenrothes, KY7 5DF, 20 Woodside Way, Glenrothes, KY7 5DF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Markinch Station1.0 miles
  • Glenrothes with Thornton Station2.1 miles
  • Cardenden Station5.5 miles

About Kirkstone, Glasgow

2/3 48 West George Street, Glasgow, G2 1BP

Kirkstone is an independent commercial property practice and was established to offer strategic advice to those that may not be reaping maximum returns from their commercial property interests.

We advise and act for clients across a variety of market sectors throughout the entire commercial property ownership and involvement process from initial acquisition to asset management including lettings, rent reviews, lease renewals and ultimate asset disposal.

Our firm is regulated by The Royal Institution of Chartered Surveyors which means we adhere to the highest competence related standards of service when it comes to ethical conduct, confidence, transparency and consumer protection.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 272009-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kirkstone, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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