Ladybank village is situated in Fife lying approximately 39 miles north of Edinburgh, 5 miles south of Cupar and having a population of circa 1,500 persons.
Commercial Road is the primary retail function serving Ladybank with nearby retailers being primarily of a local nature to include a chemist, a local Chinese takeaway etc.
The property comprises a ground floor retail unit within a 2 storey building with the upper floor having been given over to residential.
From our measured inspection, we would confirm that the property extends to the following areas and dimensions:
Gross Frontage: 30’ 9” (9.37 m)
Net Frontage: 27’ 1” (8.25 m)
Net Internal Area: 1,337 sqft (124.2 m²)
The property is offered to the market on the basis of a FRI lease with offers in excess of £15,000 per annum exclusive sought.
An Energy Performance Certificate can be provided to seriously interested parties.
We understand that the property is entered in the Valuation Roll as follows:-
Description - Shop
Rateable Value (26/27) - £12,500
Qualifying parties may benefit from Small Business Rates Relief.
We understand that the unit benefits from Class 1A Planning Consent.
We have, however, made previous representations to the Local Planning Department and are of the view that alternative uses would be acceptable, subject to planning to include Class 3 consent.
Each party to be responsible for their own legal costs, with the purchaser being responsible for LBTT, registration and any VAT payable thereon.
All rents, prices, premiums etc. are quoted exclusive of VAT where applicable.
Early entry can be facilitated.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will include as a minimum proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms
Access can be arranged through this office.
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| Ladybank - 54 Commercial Road.pdf |