High Street 980 sq ft Retail Property Leven KY8 4NE £255,000 (£260.20/sq ft) 7.06% Net Initial Yield

Investment Consideration:
Gross Initial Yield: 7.06%,
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
Tenant did not exercise break clause on 27.03.2026
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 did not exercise break clause on 27.03.2026. 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.