114 High Street Kirkcaldy Fife KY1 1NQ

114 High Street
Kirkcaldy
Fife
KY1 1NQ

Heritable Bank Investment

Prominent Town Centre location adjacent to the Mercat Shopping Centre on busy High Street
Entire building let to TSB Bank PLC on an extended lease until 2027 (No Breaks)
Rebased rent of £55,000 p.a.x.
Refurbished by TSB in 2021
Close to the main entrance to the Mercat Shopping Centre
Neighbouring occupiers include Superdrug, JD Sport, Boots, The Works and Vision Express

Lot
28
Auction
17th February 2022
Rent
£55,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Heritable Bank Investment

Prominent Town Centre location adjacent to the Mercat Shopping Centre on busy High Street
Entire building let to TSB Bank PLC on an extended lease until 2027 (No Breaks)
Rebased rent of £55,000 p.a.x.
Refurbished by TSB in 2021
Close to the main entrance to the Mercat Shopping Centre
Neighbouring occupiers include Superdrug, JD Sport, Boots, The Works and Vision Express

Lot 28
Auction 17th February 2022
Rent £55,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh, 24 miles south west of St Andrews
Roads: A92
Rail: Kirkcaldy Railway Station (ScotRail)
Air: Edinburgh Airport

Situation

The property is situated in a prime retailing location on the south side of the High Street, in the heart of Kirkcaldy town centre. The property is located adjacent to The Mercat Shopping Centre. Car parking is provided by The Esplanade (approx. 502 spaces) . Neighbouring occupiers on the High Street include Superdrug, JD Sport, Boots, Costa Coffee, The Works and Vision Express

Tenure

Heritable. Scottish Equivalent of English Freehold

Location

Miles: 18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh, 24 miles south west of St Andrews
Roads: A92
Rail: Kirkcaldy Railway Station (ScotRail)
Air: Edinburgh Airport

Situation

Tenure

Heritable. Scottish Equivalent of English Freehold

Description

The property comprises a banking hall at ground floor with offices at first floor, together with ancillary/staff accommodation at second floor level. The banking hall was refurbished by TSB in 2021.

VAT

VAT is applicable to this lot.

Viewings

Pease contact Mhairi Archibald (07718899341)

EPC

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

Description

The property comprises a banking hall at ground floor with offices at first floor, together with ancillary/staff accommodation at second floor level. The banking hall was refurbished by TSB in 2021.

VAT

VAT is applicable to this lot.

Viewings

Pease contact Mhairi Archibald (07718899341)

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 Floor Basement First Floor Second Floor	Banking Hall Storage Staff/ Storage Ancillary	336.41 sq m 20.04 sq m 119.81 sq m 99.74 sq m	(3,621 sq ft) (216 sq ft) (1,290 sq ft) (1,074 sq ft)	TSB UK PLC	5 years from 25/03/2022 until 24/03 2027	£55,000	24/03/2027
TOTAL		575.99 sq m	(6,200 sq ft)			£55,000

1) TSB is part of the Spanish banking group Sabadell that offers full service banking to more than five million customers (Source: www.tsb.co.uk). For the year ending 31/12/2020 TSB Bank Plc reported a turnover of £1,064,000,000, pre-tax profits of £-156,200,000 and total shareholders equity of £1,724,900,000 (Source: NorthRow 12/12/2021).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.