RETAIL INVESTMENT
• Hot Food Takeaway Let to March 2033
• Passing rent of £XXX per annum • Offers over £XXX (9.75% Yield)
• Rent Reviews scheduled for March 2023 & March 2028
Location
Located in Glenrothes, approximately 30 miles north of Edinburgh and 22 miles south of Dundee.
Property situated to the west of the town centre in close proximity to the Kingdom Centre, the principal retail location within Glenrothes, adjacent to the Rothes Halls and within easy reach of the town centre’s main bus station.
Accommodation
Single storey, standalone, detached property of traditional construction, harled externally under a flat roof finished in bitumen/felt or similar construction.
Formerly operated as a bookmakers - converted for hot food takeaway use.
Fitted out to provide customer serving area/kitchen with separate storage and food preparation facilities incorporating delivery access
Paul’s Enterprises Limited have been in occupation since 2013 on a full repairing and insuring lease expiring at 17th March 2033. There is a 5-yearly, upward-only rent review cycle, with reviews due at March 2023, which remains outstanding, and March 2028. A copy of the lease can be provided to interested parties on request
Terms
Offers over £XXX are invited for our client’s heritable interest in the property, offering a net initial yield of 9.75% reflecting purchaser’s costs of 2.5%