124 Market St
St Andrews KY16 9PB
Property For Lease

LOCATION The property is located in a prominent position on the south side of Market Street, the prime shopping street in the historic town of St. Andrews. Surrounding occupiers include H&M; Waterstones; Tesco; Black Sheep Coffee; Seasalt; Greggs and other local and national traders St. Andrews itself is the world-renowned ‘Home of Golf’ and the home of one of Scotland’s most prestigious universities. It is situated on the East Coast of Scotland some 50 miles north-east of Edinburgh, and 12 miles south of Dundee. DESCRIPTION The premises comprise part of the ground and first floors of a three storey and attic traditional building of stone construction with a slated roof. The remainder of the ground floors are in commercial use, and the upper floors are in residential use. Externally the shop has a glazed display frontage with a recessed single entry door set back from the painted stone fascia, and all surmounted by an externally-illuminated fascia board. Internally the ground floor has been fitted out by the previous tenants to form a front sales area with counter service area, public seating and display areas. To the rear are toilets including ambulant disabled. The first floor is accessed from the rear of the retail area and comprises an office, food preparation and storage areas. ACCOMMODATION From measurements taken on site we would calculate the dimensions and accommodation as follows: Gross frontage - 3.89m (12’ 09”) Net frontage - 3.20m (10’ 06”) Ground floor - 70.79 m2 (762 sq.ft.) First - 30.17 m2 (325 sq.ft.) RATEABLE VALUE The property is currently assessed at NAV £31,200. Any incoming occupier will have a right of appeal against this assessment. PLANNING The property has the benefit of consent for use within Class 1 of the Use Classes Orders. EPC An EPC has been ordered and can be made available on request. LEASE TERMS The property is offered to let on a new long-term full repairing and insuring lease. Rental offers in the region of £40,000 per annum exclusive are invited. SALE / PRICE Our client would consider a sale of the heritable interest. Price on application.. ENTRY - On conclusion of legal formalities