FOR SALE BY ONLINE AUCTION WEDNESDAY 26th MARCH 2025 AT 9.00AM***SEIZE THE OPPORTUNITY TO ACQUIRE A PROMINENT COMMERCIAL PROPERTY IN THE HEART OF KIRKCALDY***THIS SUBSTANTIAL UNIT OFFERS AN EXCELLENT INVESTMENT PROSPECT IN A VIBRANT TOWN CENTRE LOCATION***HIGH YIELD POTENTIAL OF 13.6% BASED ON GUIDE PRICE***QUALIFIES FOR UP TO 100% SMALL BUSINESS RATES RELIEF***
***This property at 310 High Street presents a rare opportunity to acquire a prime commercial unit in a thriving town centre. Its strategic location, ample space, and the positive economic trajectory of Kirkcaldy make it an ideal choice for investors and business owners looking to establish a presence in a dynamic community.***
***PROPERTY HIGHLIGHTS***
*Location* - Situated on the lively east side of High Street, towards the northern end of the main High street retail parade, the property benefits from high footfall and is surrounded by a diverse mix of established businesses, ensuring a steady stream of potential customers.
*Size* - The property measures in at 62.70 SQ.M (675 SQ. FT). The property boasts a generous floor area, providing ample space suitable for various commercial uses, including retail, hospitality, or office space.
Ground Floor - 25.36 sq.m (273 sq. ft)
Upper Ground Floor - 22.69 (244 sq. ft)
Basement - 14.65 sq.m (158 sq. ft)
TOTAL - 62.7 sq.m (675 sq.ft)
*Features* - With a large frontage, the unit offers excellent visibility and branding opportunities. The interior layout is versatile, allowing for easy customization to meet specific business requirements. The subjects comprise a retail unit arranged over a split-level ground floor and basement floor contained within a three and a half storey mid-terraced tenement building.
Internally the accommodation comprises a compact main retail area with two timber stairs to the rear. One stair leads up to a back-shop area, store, kitchen and W.C. which sites on a slightly higher level. A separate timer stair leads down to the basement level. Floors are a mix of solid concrete and suspended timber with some laminate, vinyl and painted overlays.
*Investment Potential* - Kirkcaldy is Fife's second-largest town, with a population of approximately 50,000 residents. The town serves as a major service centre for the central Fife area, featuring amenities such as a theatre, museum and art gallery, leisure centre, and three public parks. The High Street is a focal point for commerce, attracting both locals and visitors. Recent investments and developments in the area have further enhanced its appeal, making this property a sound investment choice.
***HIGH YIELD POTENTIAL*** - Estimated rent of £6,000 per annum (representing a yield of 13.6% based on guide price)***
***Kirkcaldy lies 25 miles north of Edinburgh, and 27.6 miles south-southwest of Dundee and is Fife's second-largest town.***Has a population or approximately 50,000***Kirkcaldy has long been nicknamed the 'Lang Toun' in reference to the early town's 0.9-mile (1.4 km) main street, which reaches nearly 4 miles (6.4 km) and connects the burgh to the neighbouring settlements of Linktown, Pathhead, Sinclairtown and Gallatown and Dysart.***A range of typical local amenities being found nearby.***Kirkcaldy has four secondary schools and eleven primary schools***Culturally, Kirkcaldy is famous for it's Kirkcaldy Galleries the home to the town's museum and art gallery and central library. The Adam Smith Theatre, the town's main auditorium, plays host to theatrical and musical productions as well as showing a selection of arthouse and commercial films. The Links Market has visited the town each year for 720 years***The town benefits from excellent transport links to the motorway network via the A92 dual carriageway.***
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 4 Branxton Avenue, East Wemyss, Kirkcaldy, Fife, KY1 4EY - SOLD Dec'24 - £285,000
- Kingdom Park, Randolph Road, Kirkcaldy, Fife, KY1 2BL - SOLD Dec'24 - £224,995
- 16 Muirton Farm Road, Kirkcaldy, Fife, KY1 2BL - SOLD Dec'24 - £219,995
GUIDE PRICE - £44,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
SEIZE THE OPPORTUNITY TO ACQUIRE A PROMINENT COMMERCIAL PROPERTY IN THE HEART OF KIRKCALDY
THIS SUBSTANTIAL UNIT OFFERS AN EXCELLENT INVESTMENT PROSPECT IN A VIBRANT TOWN CENTRE LOCATION
HIGH YIELD POTENTIAL OF 13.6% BASED ON GUIDE PRICE
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
