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Lot 13

12 ABBEY PARK PLACE, DUNFERMLINE, KY12 7PD

Attractive Income Producing, Category C Listed Office with Asset Management or Development Potential, subject to Planning. 359 sq.m (3,860 sq.ft) Passing Rent of £16,500 pa.

Location

Dunfermline has a resident population of just over 50,000 persons and is the largest settlement in the Kingdom of Fife. It has a reported catchment area of 150,000 and numbers are swollen by tourists in the summer months. Dunfermline was once the capital of Scotland and historic records date back to the 11th century. Dunfermline Abbey is the burial place for many Kings and Queens including Robert the Bruce. The town is now better known for its service industry, with firms like Nationwide, Sky and Amazon employing large numbers in the area.

Located 4 miles north of the shores of the Firth of Forth and the new Queensferry Crossing, Dunfermline is well connected to a network of roads (M90) and rail to Edinburgh (20 miles away) Stirling (28) and Perth (30).

The premises are on the north side of Abbey Park Place, on the corner with Canmore Street. The property has mixed residential and commercial uses in the vicinity and neighbouring occupiers include Abbey Park House which is a private residence, The Citizens Advice and Rights Fife office as well as The Alhambra Theatre.

Description

This is a large villa that has been converted to office use and extended. The principal office is a stone build property over ground, first and attic floors. Single storey extensions have been built as annexes to the North and West of the main building. The former walled garden grounds to the north of the villa have been laid to tarmac and converted into a car park, accommodating approximately 20-25 cars.

All the lettable space can be accessed through the main entrance and the north and west annexes can be separately accessed from the car park.

Disabled access is also available to the annexes via the car park. Both annexes are currently vacant and there are two tenants who occupy part of ground floor and part of the first floor of the main building. There are asset management options available to re-let the vacant space and an opportunity to refurbish the accommodation. Alternatively, the property could be converted to residential use, subject to all necessary consents.

Accommodation

Approximate Net Internal Areas

Location sq m sq ft
Ground floor Main office building 70 sq m 753 sq ft
First Floor 83 sq m 893 sq ft
Attic Floor 33 sq m 355 sq ft
Ground Floor West 128 sq m 1,378 sq ft
Ground Floor North 41 sq m 441 sq ft

Planning

Interested parties can put any planning enquires to Fife Council’s Development Management Team. Kingdom House, Glenrothes. KY7 5LY or telephone 03451 55 11 22.

EPC

Available on request.

Tenure

Owner subject to the tenancies above.

Viewing

By arrangement with SVA Property Auctions Ltd. Tel: 0131 624 6640.

Rateable Value

Area Tenant Rateable Value
Ground Floor East Macrae & Macrae £8,000
Part First Floor Forthtech (was Condies IT) £8,800
Ground Floor North Vacant £5,800
First Floor North and Attic Vacant £6,300
Ground Floor West and Rear Vacant £15,600

Tenancy

There are currently two tenants in the main building subject to the following lease agreement:

Tenant Area Size sq m Rent pa Date of Entry Term Expiry Break Op ERV
Macrae Pt GF 68 £8,500 Aug 2011 10 Yrs Aug 2021 Passed
Forthtech Pt 1st Fl 69 £6,000 Apr 2013 10 Yrs Apr 2023 Passed
Alhambra Theatre Car Park 6 spaces £2,000 Jan 2012 10 Yrs Dec 2022
*Vacant Pt 1st Fl 19.5 £1,700
Vacant Attic 33 £2,000
Vacant GFNorth 41 £3,500
Vacant GFWest 128 £10,000

*Tenant Forthtech has expressed a wish to lease this extra room




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