293 High Street, Kirkcaldy, Fife, KY1 1JH

Description

Prominent commercial unit on the well-established High Street in Kirkcaldy, close to local amenities, retailers and public transport links. The property is newly let and has been fully renovated; it is currently in use by the tenant. The unit is suitable for retail, office or professional services use, subject to appropriate consents.

Accommodation

Approximately 1,330 sq ft, including 860 sq ft of high-quality slatwall panels. Large versatile layout with a well-proportioned frontage and large store-front windows. Secure premises with shutters and cast iron entrance gates; alarm system installed.

Location

Situated on Kirkcaldy High Street in the traditional Merchants Quarter, near the harbour and seafront promenade. Walking distance to the bus station, railway station and major parking facilities. Kirkcaldy is in Fife, approximately 25 miles north of Edinburgh and 27.6 miles south-southwest of Dundee.

Tenure / Property Information

Investment Analysis

The £65,000 guide price equates to approximately 12.0% gross income yield on the contracted annual rent of £7,800, before the unspecified Buyer’s Premium and any other acquisition costs. No completed sales or sufficiently specific rental comparables were supplied, so market value, GDV and an evidence-supported maximum bid cannot be established. The property is newly let on a five-year lease signed in April 2026 and is described as fully renovated.

Investment Snapshot

Strategy Recommendation

Consider as a commercial income-hold acquisition only if the lease, tenant covenant, repairing obligations, rent-payment position and Special Conditions are satisfactory. Bid discipline is required because the Buyer’s Premium and other costs are unspecified.

Works Required

No refurbishment works are evidenced as required. The unit is described as fully renovated and occupied. Allow for normal ownership, compliance and maintenance obligations only after reviewing the legal pack and lease.

Rental & Market Context

Potential BRRR Position

A BRRR analysis cannot be completed because no GDV, comparable evidence, refurbishment budget or refinance valuation has been supplied. The property is already renovated and let, so the evidence supports an income-hold assessment rather than a refurbishment-led refinance case.

Buy-to-Let Analysis

The contracted rent is £650 pcm, producing £7,800 per annum and a 12.0% gross yield on the £65,000 guide price. This is a commercial investment rather than residential BTL. Net yield cannot be established because the Buyer’s Premium, other acquisition costs, insurance, maintenance, management and void assumptions are not supplied. The five-year lease provides stated income visibility, subject to tenant covenant and lease review.

Flip Analysis

A flip analysis cannot be completed. No completed sales evidence, GDV, project-cost allowance or selling-cost allowance was supplied. The property is occupied under a new five-year commercial lease, which may support investment value but does not establish a resale value.

Investor Risks & Due Diligence

• The Buyer’s Premium is payable but its amount is not supplied, so the true acquisition cost and net yield are unknown.

• No completed sales or sufficiently specific rental comparables were provided, preventing a market-value or GDV assessment.

• Income depends on the tenant performing under the new five-year commercial lease; tenant covenant and payment history were not supplied.

• Additional fees may apply under the Articles of Roup or Special Conditions and have not been quantified.

• The stated likely Small Business Bonus Scheme rates relief is not confirmed and may depend on eligibility.

• The unit’s suitability for retail, office or professional services use is subject to appropriate consents.

Recommendation

Consider as a commercial income-hold acquisition only if the lease, tenant covenant, repairing obligations, rent-payment position and Special Conditions are satisfactory. Bid discipline is required because the Buyer’s Premium and other costs are unspecified.

Strategy Rating

Analysis Confidence

The contracted rent, guide price, lease timing, occupancy and renovation status are supplied, but there are no sales comparables, external rental comparables, GDV, refurbishment budget, EPC, Buyer’s Premium amount or other acquisition-cost details.