retail high street
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117-119, High Street
KY12 7DR Dunfermline

To buy£2,260,000
Size13,059 ft² / 1,213 m²
Initial yield9%

Description

Investment Summary

  • Prime retail investment located in Dunfermline, the administrative, financial and main retailing centre of Fife;
  • Modern, flagship retail unit located on the prime pitch of Dunfermline High Street;
  • The property is located directly south of the Kingsgate Shopping Centre on a pedestrianised area of the High Street;
  • Let to Next Holdings Limited (D&B Rating 5A1) until 2nd May 2021 at a current passing rent of £216,000 per annum which equates to a Zone A rate of £65.63 per sq ft;
  • Heritable tenure (Scottish equivalent of English Freehold).

Offers in excess of £2,260,000 (Two Million, Two Hundred and Sixty Thousand Pounds Sterling) are sought for our client’s heritable interest in the property, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 9.03% assuming purchaser’s costs at 5.87%.

Energy rating

Energy rating E

Location and Transport