Restaurant/cafe for sale in East Port, Dunfermline KY12
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Freehold offers around £395,000
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 Dunfermlines 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 £35,000. Open market rent reviews are every 5 years. Our clients retain a cash deposit of £7,500 from the tenants.
Offers around £395,000 are sought for our clients heritable interest. The price reflects a net initial yield of 8.8% prior to standard purchasers costs.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cornerstone Business Agents, and do not constitute property particulars. Please contact Cornerstone Business Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.