High Street, Dunfermline, Fife, KY12

Town Centre Location
Full Building
Future Development Potential At Upper Floors
Held on F.R.I Lease
Let To Betfred
Expiring February 2029
Passing £21,000p.a.x
Price: o/o £225,000


Location

The property is situated on the north side of High Street in Dunfermline's town centre.

Dunfermline is situated on the east coast of Scotland within the Kingdom of Fife some two miles north of the River Forth. Dunfermline is widely regarded as the principal town within Fife with a resident population of approximately 45,432 persons as at the Census update in 2006. Dunfermline's population increased by 6.3% between 2001 and 2006. The population of Fife as at the 2001 Census was 349,429 persons, therefore there is a considerable regional catchment.

Dunfermline is well served by an excellent local road network linking to the central motorway system (M90) at the Halbeath Interchange in close proximity to the subject site. The town benefits from an excellent bus terminus to the north of the town centre and two railway stations, Dunfermline town station to the south of the town centre and Dunfermline Queen Margaret Station to the east. Edinburgh Airport is situated approximately 13 miles to the south of Dunfermline.

The Dunfermline Eastern expansion area has been the focus of the majority of new housing within the town over the last 10 years resulting in an increasingly affluent catchment for the retail and restaurant facilities. In recent years the Dunfermline residential market has benefited from people migrating from Edinburgh to the town. In order to meet this growing demand Fife Council allocated the Dunfermline expansion area with a view to creating 4,000 new houses. The structure plan continues to recognise Dunfermline as an area of major growth and requires land to be identified for thousands of new houses during the period from 2011 - 2026. During this period, it is estimated the population will grow to well over 50,000 people.

Description

The property comprises a full 3 storey commercial development of traditional sandstone construction surmounted by a pitched roof.

The property offers a prominent frontage with dual display windows and single entrance door.

Internally the property is presented in keeping with Betfred's corporate specification

The upper floors are are accessed via a single staircase providing staff facilities, tea prep & stores.

Area

Ground: 100.5sqm (1,082sq ft)
1st: 89.57sqm (964sq ft)
2nd: 92.64sqm (997sq ft)
Attic: 50.11sqm (539sq ft)

Total: 332.37sqm (3,578sq ft)

Lease Summary

The property is held in a full repairing and is ring head lease on the following terms

Tenant: Done Brothers (Cash Betting) Ltd t/a Betfred
Expiry: 5th February 2029
Tenant Break: 6th February 2027
Passing Rent: £21,000p.a.x

Price

The property is available on a freehold basis for o/o £225,000

E.P.C.

Available on request

Legal

Each party shall bear responsibility for their own legal costs

V.A.T.

Prices quoted are exclusive of V.A.T The vendor has opted to waive their option to tax. The transaction will he treated as a Transfer of a Going Concern.

Lease & Title

Available on request

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time