8 Low Road, Auchtermuchty, Fife

LOCATION

Auchtermuchty is a town in Fife, Scotland. It is beside Pitlour Hill and nine miles north of Glenrothes. Lying astride the A91 as it makes its way from the M90 towards Cupar and the heart of eastern Fife.

Auchtermuchty offers a good central location approximately 30 miles north of the Forth Road Bridge and within easy reach of Edinburgh, Glasgow, Dundee, Perth and St. Andrews. Aberdeen is only an hour and a half away by car and Inverness takes just over two hours.

The subjects are located on the southern side of Low Road which is the main arterial road through Auchtermuchty.

DESCRIPTION

The subjects comprise a detached single storey industrial property of brick construction surmounted in part by a pitched and profiled sheet roof and part flat felt roof.

The property benefits from a private car park/yard.

Internally the property provides 2 workshop/storage areas with roller shutter doors together with road fronted office/retail space. The current tenant sub-leases parts of the building which includes a dog grooming business and storage unit.

LEASE

The property is currently leased to The Preservation Company of Scotland Ltd and has recently had a 5-year full repairing and insuring lease extension agreed starting from the 28th February 2027 at an initial rent of £25,000 per annum. The rent will be reviewed from 28 February 2030 in line with compounded annual RPI, subject to a 2% annual collar

The head tenant currently sub-lets the rear workshop area and part front retail area.

PROPOSAL

Offers over £250,000 are invited for the heritable interest.

FLOOR AREAS

From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):

TOTAL: 368.2m² / 3,963ft²

RATING

Please refer to

PLANNING

All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Fife Council Planning Department.

EPC

A copy of the EPC will be available upon request.

VAT

All prices, premiums and rents quoted are exclusive of VAT.

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.