Property for sale
Property description & features
- Tenure: Freehold
- Exceptional Development / Asset Management Opportunity to develop Massive former supermarket (circa 2700 sq ft)
- PLANNING PERMISSION GRANTED TO SPLIT INTO 3 UNITS
- Estimated rent once split in excess of £36,000 per annum
*Great Location* With population of 50,000, served by main line railway station and road network including M90, A90, A92. Edinburgh Airport 24 miles*SUPER SIZE*Potential for massive uplift in value*Benefits from parking & Goods Yard*
*47 Pentland Place sold £90k (Sept 23)* 2 Pentland Place Sold £101.5k (Aug 23)*55 Pentland Place Sold £110k (May 23)*74 Pentland Place Sold £147k (Nov 22)* Popular & affordable residential district* Kirkcaldy is at the heart of the Fife economy and is the largest town in the region. In June 2023 the Plans were announced to invest over £985m in Fife* Multiple Residential Developments are planned for Kirkcaldy* This is a fabulous Potentially High Yielding Investment Opportunity*
PLANNING CONSENT GRANTED to split this property into 3 x retail units * Full details of development with auctioneers* Ideal for redevelopment & Asset Management (STP)* Estimated rent once split is in excess of £36,000 per annum. Fabulous opportunity to acquire a MASSIVE former supermarket circa 2700 sq ft.*Planning permission Granted to convert into 3 separate properties comprising: Hot food Takeaway & 2 x retail units* Now being sold Vacant*WELL ESTABLISHED LOCAL RETAIL PARADE* Nearby occupiers include: Office, Sunbed shop, Hairdresser, Hot food Takeaway, Newsagent* Great Asset Management potential* The potential achievable rent post redevelopment is £36,000 per annum* The property is being sold subject to vat which will be payable by purchase at the prevailing rate*Kirkcaldy is one of Fife's principal centres having a population approaching 50,000 persons and a catchment area estimated to be in the region of 150,000. The town benefits from an excellent transportation system, having a railway station located on the east coast mainline which runs from London Kings Cross via Edinburgh to Aberdeen and the East Fife Regional Road providing a first-class dual carriageway link into Central Scotland's motorway network.* This is an ideal Asset management project for property entrepreneurs*AUCTIONEERS COMMENT: This well maintained and large former supermarket is situated in an established local retail parade. An excellent Turnkey opportunity is presented here for a property professional to implement the existing planning permission and create a potentially high yielding investment."
GUIDE PRICE: £120,00
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