Licensed Restaurant Investment (ref 1669)

• Price: 395000
• Tenure: Freehold
• Business type: Other

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 Dunfermline’s 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 client’s heritable interest. The price reflects a net initial yield of 8.8% prior to standard purchasers’ costs.

Council tax band: X, Tenure: Freehold,