Kingdom Shopping Centre
Glenrothes KY7 5NU
Retail Unit To Let
Glenrothes is a popular new town located in Fife, approximately 30 miles to be north of Edinburgh and 20 miles south of Dundee. The town has a residential population in the region of 40,000 and a population within 20km of over 250,000. The Kingdom Centre comprises approximately 430,000 sq ft (40,000 sqm) of retail accommodation planned over a single level mall with an average footfall of approximately 106,000 per week. The subject property is located in a busy part of the mall. Nearby retailers include Holland & Barrett, Poundland and Boots.
The property is arranged over the ground floor comprising the following approximate net internal area:
Ground Floor: 985 sq ft / 91.51 sqm
Offers of £16,000 per annum
The subjects are available on a new FRI lease.
According to the Scottish Assessors Association website and based on the next revaluation in Scotland due to take effect from 1 April 2023 the unit has a proposed rateable value of £11,600.
The premises may qualify for 100% Business Rates Relief (no rates payable) under the Small Business Bonus Scheme. Each interested party should satisfy themselves on the rates relief with the appropriate authority.
The estimated service charge for this financial year is £5,734.
EPC 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.
TO LET
Kingdom Shopping Centre
Glenrothes KY7 5NU
Tom Forster
T. 0131 374 1115
M. 07919 920 126
E. tforster@orinsen.com
Charlotte Young
T. 0131 374 1118
M. 07825 167 883
E. cyoung@orinsen.com
Published: May 2021
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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