- OFFERS IN THE REGION OF £190,000
- HIGH LEVELS OF PASSING TRADE
- OFF STREET PARKING / YARD
- EASY ACCESS TO MOTORWAY NETWORK
- 12.6% YIELD
Cowdenbeath is a town and burgh in west Fife, Scotland. It is 5 miles (8 km) north-east of Dunfermline and 18 miles (29 km) north of the capital, Edinburgh. The town grew up around the extensive coalfields of the area and became a police burgh in 1890. According to a 2008 estimate, the town has a population of 14,081.
The A92 Fife Regional Road is a motorway-standard dual carriageway road running from the M90 motorway (which runs from Edinburgh to Perth) in Dunfermline to Kirkcaldy (and further to Glenrothes, Dundee and Aberdeen). The A92 bypasses the east of the town with a junction at Bridge Street.
The subjects are located on the North Side of Perth Road between its junctions with Gray Park and Golf Course Road.
The subjects comprise of a former filling station with workshops/stores which is presently leased for use as car workshops and car wash. There are various workshops and storage buildings onsite.
The property is currently on a 5 year lease ending 31/03/2026 with a yield of 12.6%.
A copy of the lease will be available on request after viewing.
From sizes provided by our client and assumed to be measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate net internal area (NIA):
The photograph of the site above outlines the approximate boundaries of the site. We have estimated the site area to extend to approximately 0.3 acres.
The main workshop extends to 130 m²/1400 ft² approx. In addition there are further workshops/stores.
Offers in the region of £190,000 are invited for the Heritable (freehold) interest.
The property is valued in three different sections:
Car Sales Area 1 – Rateable value: £2,000.
Car Sales Area 2 – Rateable value: £6,700.
Garage – Rateable value: £4,000.
All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Fife Council Planning Department.
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 let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.
All prices, premiums and rents quoted are exclusive of VAT.
PUBLICATION DATE 27/01/2022
|Price:||Offers in the region of £190,000|
|Address:||170 Perth Road|
|Square Feet:||1400 approx.|
|Property Type:||Industrial Investment|