22 Woodside Way, Glenrothes, Fife, KY7 5DF
£79.84 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
501 sq ft
47 sq m
- SECTOR
Out-of-town retail property for sale
Key features
- HIGH YIELDING RETAIL INVESTMENT OPPORTUNITY IN GLENROTHES
- FANTASTIC OPPORTUNITY TO ACQUIRE A SHOP UNIT IN POPULAR LOCAL PARADE
- COMMERCIAL INVESTMENT OPPORTUNITY
Description
***WELL LET SHOP UNIT IN LOCAL POPULAR PARADE*** - Trading as a kebab and pizza takeaway
***Location Highlights*** - Woodside Way is a prominent main road in Glenrothes, offering high visibility and foot traffic. The area boasts a variety of businesses, contributing to a vibrant commercial environment.
***Investment Benefits***
- Established Tenant: Long-term lease with a reputable local business
- Attractive Yield: Over 13.5% rental yield, presenting a compelling return on investment
- Strategic Location: Situated in a popular retail area with consistent customer flow
***RECENT NEARBY SALES***
Residential - 36 Camby Road, Glenrothes, Fife, KY7 5BX - SOLD £324,000 (Aug'24)
Residential - 4 Methven Drive, Glenrothes, Fife, KY7 6QW - SOLD £335,000 (Aug'24)
UNIT 22 - ***Circa 500 sq ft***Commercial lease £5420 pa***
This property is let for £451.67pcm (+vat) on a new commercial Lease agreement *** £5420 (+vat) per annum income (13.55% yield based on guide price)***
This property is tenanted as a kebab and pizza takeaway***Lease lasts until May'26*** Solid investment credentials***
***Popular local parade***Fantastic opportunity to acquire a retail unit in popular local parade of shops in a sought after residential district in Glenrothes. This properties is being sold with a tenant in place and although subject to VAT, any sale could be treated as a TOGC (subject to obtaining independent advice).*** The property is a ground floor retail unit contained within a purpose built development with residential on the upper floors***
***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 subjects are 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***Glenrothes is a major service centre and is the administrative capital of Fife, containing the headquarters of both Fife Council and Police Scotland Fife Division.***It is a centre for excellence within the high-tech electronics and manufacturing sectors.***
GUIDE PRICE: £40,000
The purchase of this property is subject to VAT.
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Brochures
22 Woodside Way, Glenrothes, Fife, 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
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auction Group, Glasgow on 01409 335799.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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