Prime Freehold Investment Opportunity with Reliable Tenant in Dunfermline City Centre
Dunfermline, Fife
- Status
FOR SALE
- Advert ID
611809
- Reference
1669 / Rightbiz
- Call Agent:
- Freehold: £375,000
- Turnover: On request
- Profit: On request
Business Details
An excellent freehold investment opportunity in Dunfermline city centre (ref 1669)
An excellent freehold investment opportunity in Dunfermline city centre. Freehold heritable investment for sale. Attractive city centre landlord investment. Let to Noble Cuisine Ltd to 2032 (tenant option to 2037). Current passing rent Ā£35,000. Open market rent reviews every 5 years. Net initial yield of 8.8% prior to purchaser costs. GIA 4,347 sq. ft.
FREEHOLD Guide price Ā£375,000.
Ā
The city of Dunfermline is the largest centre in west Fife, with a rising residential population exceeding 50,000. The town has grown significantly in the last decade with substantial new house building developments, especially at the eastern outskirts of the city.
The subjects occupy a prominent trading location on East Port in a strategically important trading location in the town centre. East Port is adjacent to Dunfermlineās main pedestrianised shopping area and close to the Kingsgate Shopping Centre. The street already houses a variety of banks, solicitors, offices and retail shops.
The subjects are let to Noble Cuisine Ltd on a 10-year lease which began in 2022. The tenants have the option to extend for an additional 5 years in 2032. The passing rent is Ā£35,000. Open market rent reviews are every 5 years. Our clients retain a cash deposit of Ā£7,500 from the tenants.
A guide price of Ā£375,000 is sought for our clientās heritable interest. The price reflects a net initial yield of 8.8% prior to standard purchasersā costs.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring Ā£1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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