High Street | Leven KY8 4NE
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High Street
Leven KY8 4NE
Retail Property For Sale
EXECUTIVE SUMMARY
Investment Consideration:
Gross Initial Yield: 6.43%,
Rental Income: £18,000 p.a.
VAT is applicable to this property
Comprises double fronted retail premises t/a Greggs
Tenant in occupation for more than 20 years
Situated in the heart of the town centre with occupiers nearby including Costa Coffee, Bank of Scotland, Iceland and Poundland, amongst many others
Property Description:
Comprises ground floor double fronted retail premises t/a Greggs, providing the following accommodation and dimensions:
Ground Floor: 91 sq m (980 sq ft)
Open plan retail, storage, kitchen, wc
Tenancy:
The property is at present let to Greggs Plc for a term of 5 years from 28th March 2023 at a current rent of £18,000 per annum and the lease contains full repairing and insuring covenants. Tenant option to determine on 27.03.26 with min 6 months notice.
Tenant in occupation for more than 20 years.
Location:
Leven is located on the north bank of the Firth of Forth some 36 miles north of Edinburgh, 12 miles south of St Andrews and 9 miles east of Kirkcaldy. The property is situated in the heart of the town centre with occupiers nearby including Costa Coffee, Bank of Scotland, Iceland and Poundland, amongst many others.
Gross Initial Yield: 6.43%,
Rental Income: £18,000 p.a.
VAT is applicable to this property
Comprises double fronted retail premises t/a Greggs
Tenant in occupation for more than 20 years
Situated in the heart of the town centre with occupiers nearby including Costa Coffee, Bank of Scotland, Iceland and Poundland, amongst many others
Property Description:
Comprises ground floor double fronted retail premises t/a Greggs, providing the following accommodation and dimensions:
Ground Floor: 91 sq m (980 sq ft)
Open plan retail, storage, kitchen, wc
Tenancy:
The property is at present let to Greggs Plc for a term of 5 years from 28th March 2023 at a current rent of £18,000 per annum and the lease contains full repairing and insuring covenants. Tenant option to determine on 27.03.26 with min 6 months notice.
Tenant in occupation for more than 20 years.
Location:
Leven is located on the north bank of the Firth of Forth some 36 miles north of Edinburgh, 12 miles south of St Andrews and 9 miles east of Kirkcaldy. The property is situated in the heart of the town centre with occupiers nearby including Costa Coffee, Bank of Scotland, Iceland and Poundland, amongst many others.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
980 SF
Year Built
1970
Price
$352,072
Price Per SF
$359
Cap Rate
6.43%
NOI
$22,633
Percent Leased
100%
Building Height
1 Story
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