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123-127 High St 721 sq ft Office Unit Offered at £220,000 in Kirkcaldy KY1 1LW
INVESTMENT HIGHLIGHTS
- High levels of passing trade
- 2 second floor residential flats included
- Good levels of nearby parking
EXECUTIVE SUMMARY
The subjects are located on the western side of the High Street with an entrance to the property on the eastern side of Hill Street. The subjects comprise an end terraced investment formed over the first floor and second floor of a three storey building of stone construction.
PROPERTY FACTS Sale Pending
| Total Property Size | 2,365 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 788 sq ft |
| Property Subtype | Shopfront Retail / Office | Year Built | 1850 |
| Costar Property Class | B | Total Plot Size | 0.06 ac |
| Total Property Size | 2,365 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Office |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 788 sq ft |
| Year Built | 1850 |
| Total Plot Size | 0.06 ac |
AMENITIES
- 24 Hour Access
- Security System
- Signage
1 UNIT AVAILABLE
Unit 125
| Unit Size | 721 sq ft | Sale Type | Investment |
| Price | £220,000 | Tenure | Freehold |
| Price Per sq ft | £305.13 | Net Initial Yield | 10.66% |
| Unit Use | Office | NOI | £23,460 |
| Unit Size | 721 sq ft |
| Price | £220,000 |
| Price Per sq ft | £305.13 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 10.66% |
| NOI | £23,460 |
DESCRIPTION
The first floor comprises of a leisure hall, kitchen, office space and w.c. which is currently on a short term rolling lease and achieving £950 PCM. The second floor comprises of a studio flat and a one bedroom residential flat with a total income of £1,005 PCM. These flats benefit from video intercom.
SALE NOTES
Offers over £220,000 are invited for the freehold interest.
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NEARBY MAJOR RETAILERS
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123-127 High St
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