52-58 High Street Dunfermline Fife KY12 7AS

52-58 High Street
Dunfermline
Fife
KY12 7AS

Heritable Retail Investment

Retail unit let to Poundstretcher Ltd
Rooftop telecoms income from EE Ltd and Cornerstone Telecommunications Infrastructure Limited
Dunfermline is the largest town in Fife with a population of 55,000
Prominently located on the High Street
Nearby occupiers include Clydesdale Bank, Santander, JD Wetherspoons, Trespass, Clarks and Betfred
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
79
Auction
22nd October 2015
Rent
£140,208 per Annum Exclusive
Status
Sold
Price
£551,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Heritable Retail Investment

Retail unit let to Poundstretcher Ltd
Rooftop telecoms income from EE Ltd and Cornerstone Telecommunications Infrastructure Limited
Dunfermline is the largest town in Fife with a population of 55,000
Prominently located on the High Street
Nearby occupiers include Clydesdale Bank, Santander, JD Wetherspoons, Trespass, Clarks and Betfred
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 79
Auction 22nd October 2015
Rent £140,208 per Annum Exclusive
Status Sold
Price £551,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 18 miles north-west of Edinburgh, 22 miles east of Stirling
Roads: M90, A92, A985
Rail: Dunfermline Town Rail (40 minutes to Edinburgh Waverley)
Air: Edinburgh International Airport (11 miles south)

Situation

The property is prominently located on the north side of the High Street, the town’s main retailing street. The property is within a short walk of Kingsgate Shopping Centre which houses retailers
such as Debenhams, Marks & Spencer, Boots, New Look and H&M. Other nearby occupiers include WH Smith, Trespass, Greggs, Next, Clarks and Betfred.

Tenure

Heritable.

Location

Miles: 18 miles north-west of Edinburgh, 22 miles east of Stirling
Roads: M90, A92, A985
Rail: Dunfermline Town Rail (40 minutes to Edinburgh Waverley)
Air: Edinburgh International Airport (11 miles south)

Situation

Tenure

Heritable.

Description

The property comprises a ground floor retail unit within a modern larger building. The property benefits from being a full depth unit with rear servicing via Queen Anne Street. In addition there are
retained rights to roof space with three telephone masts. The upper floors are in separate ownership.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reversion
Ground	Retail	1,184.50 sq m	(12,750 sq ft)	POUNDSTRETCHER LIMITED (1)	27 years from 02/04/1991 on a full repairing and insuring lease	£120,000	01/04/2018
Rooftop	Telecoms Mast			CORNERSTONE TELECOMMUNICATIONS INFRASTRUCTURE LIMITED	Term expiring 19/03/2024	£9,950
Rooftop	Telecoms Mast			EE LIMITED	Term expiring 25/09/2018	£8,633
Rooftop	Telecoms Mast			EE LIMITED	Term expiring 25/09/2018	£1,625
Totals		1,184.50 sq m	(12,750 sq ft)			£140,208

(1) Established in 1981 Poundstretcher is the UK’s leading variety discount retailer. Poundstretcher has over 400 stores nationwide and employs over 6,000 people (source: www.poundstretcher.co.uk 28/08/2015)