St Andrews
KY16 9PE
Prime Retail Unit - Lease Available
Premium offers over £15,000 invited
St Andrews is a world renowned Scottish seaside town located on the North East coast of Fife which benefits from an affluent catchment and high levels of tourism all year round. It is one of Scotland’s primary retail and leisure areas and also houses the famous University of St Andrews and the Royal & Ancient Golf Club. The premises occupy a 100% prime position on St Andrew’s main retail thoroughfare of Market Street. Nearby occupiers include Tesco Express, Black Sheep Coffee, Greggs, Starbucks, H&M, Superdry, EE and Forgans.
The subjects are arranged over ground floor only and comprise the following approximate net internal area:
Ground Floor: 437 sq ft / 40.59 sqm
The premises are held on an FRI lease expiring 31st January 2029, with a tenant break option and rent review effective 31st September 2024. The passing rent is £35,000 pa.
Premium offers over £15,000 are invited.
Rateable Value: £27,000
UBR (2023/24): £0.498
Rates Payable: £13,446 pa
The ingoing tenant may be eligible for the small business bonus scheme of £6,163 pa rates payable. Each interested party should satisfy themselves on the rates relief with the appropriate authority.
The property benefits from having Class 1A consent. An EPC report is available on request.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
LEASE AVAILABLE
St Andrews
KY16 9PE
Andy Bain
T. 0131 374 1117
M. 07770 524 977
E. abain@orinsen.com
Charlotte Young
T. 0131 374 1118
M. 07825 167 883
E. cyoung@orinsen.com
Important Notice
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Published 30.09.20
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