115-121 High Street, Kirkcaldy Fife KY1 1LW
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Heritable Shop Investment
- Let to Bonmarche Properties Ltd by way of reversionary lease expiring 2036
- Situated in the pedestrianised town centre opposite an entrance to The Mercat Shopping Centre.
- Nearby occupiers include Vodafone, Vision Express (opposite) & TSB amongst others
- VAT is applicable
- Investment let at £35,000 p.a. (17.95% GIY on Guide Price)
Description
StrapLine
Auction Sale - 03/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteProminent Heritable Town Centre Retail Investment Let to Bonmarché on a Reversionary Lease to 2036 at a current rent £35,000 p.a.
Description
The Property is arranged over ground and one upper floor to provide a shop with ancillary accommodation.
The Property forms part of a larger building the remainder of which is not included in the sale.
Location
Kirkcaldy is a town and former royal burgh in Fife some 26 miles north of Edinburgh and 30 miles south of Dundee.
The property is situated on the west side of the High Street, close to its junction with Whytescauseway. Occupiers close by include Cex (adjacent), Pandora, Boots Opticians, Holland & Barrett, The Works, EE, Costa Coffee, and Nationwide amongst many other.
An entrance to the Mercat Shopping Centre is diagonally opposite with occupiers including Boots, Card Factory, Greggs, JD Sports, TK Maxx, Vision Express and Vodafone amongst a variety of others.
Transport
Road - The town benefits from good communications, with the A92 providing easy access to the M90 Motorway
Rail- Kirkcaldy Train Station is within approx. 0.4 miles of the property and provides regular service to Edinburgh amongst other destinations
Tenancy
Let to Bonmarche Properties Limited on an internal repairing and insuring (subject to a schedule of condition) lease for a term of 5 years from September 2021 at £35,5000 per annum.
There is an agreement for a reversionary lease which extends the term until September 2036.
The reversionary lease provides for a rent review and tenant break option in the 5th year.
Accommodation
Ground Floor - 238.9 sq m (2,571 sq ft)
First Floor - 55.87 sq m (601 sq ft)
Total 294.77 sq m (3,173 sq ft)
115-121 High Street, Kirkcaldy Fife KY1 1LW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kirkcaldy Station0.3 miles
- Kinghorn Station2.9 miles
- Glenrothes with Thornton Station3.7 miles
Notes
Disclaimer - Property reference 245-25842. 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 Savills Auctions, London. 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.
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 Savills Auctions, London on 020 3909 6715.
*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.”