Available
Leven – Greggs
53/55 High Street, Leven, Scotland KY8 4NEHeritable (Freehold) Retail Investment
Price
£300,000
Rent P.A.
£18,000
Yield
6.00%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
3y 4m
Area
980 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- 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
Key Features
Tenure
Freehold
VAT
VAT is Applicable
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
Ground Floor: 91 sq m (980 sq ft)
Open plan retail, storage, kitchen, wc
Tenancy Description
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.
Tenancies & Accommodation
Location Description
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.