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The Henge The Henge, Glenrothes, KY7 5PP
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Local Experts
EYCO
Park Place Retail
Use Class
E
Size
31,585 sq ft
Rent pa
POA
Price
£7,300,000
Foodstore Investment For Sale
The subjects are a new commercial development anchored by a 11,528 sq ft Marks & Spencer Simply Food which opened in 2019. There are four retail units within the development and have the benefit of 159 car parking spaces.
The buildings comprise steel frames clad with a mixture of traditional block cavity construction and insulated cladding panels with aluminium rain screen.
Floors are insulated ground bearing concrete slabs and roofs are insulated composite panels laid to fall to integral gutter system.
The Henge benefits from a blanket open consent across the whole park to include Uses Classes 1, 2, 3, 7, & 11.
Over 300,000 people live within 20 miles of the property. Resident population is circa 40,000 people
Modern development built to a premium specification
Food convenience led scheme totalling 33,167 sq ft & anchored by a stand-alone Marks and Spencer Simply Food
Other tenants include Icelands Food Warehouse, Farmfoods and Indigo Sun
Three of the four tenants are classified as "Essential Retailers" and are significant footfall drivers.
Offers in excess of £7,300,000 (Seven Million Three Hundred Thousand Pounds Stering) exc of VAT are invited.
A purchase at this level provides an attractive net initial yield of 6.75% assuming purchaser's costs at 6.8%
Glenrothes is a town situated in the heart of Fife in east central Scotland about 31 miles north of Edinburgh and 22 miles south of Dundee. The town has a resident population in the region of 40,000 persons and 300,000 within a 20 mile catchment area. The town was developed during the 1950s-60s and has excellent recreational facilities, including parkland, various sports venues and two golf courses. In recent years, Glenrothes has become a focus for electronics manufacturing, earning it the nickname ‘Silicon Glen’, after Silicon Valley in the USA. The Henge benefits from a prominent position between the Kingdom Shopping Centre and North Street on the A911. Nearby occupiers include Fife Council offices, Lidl, McDonalds, Morrisons, Asda, Aldi, B&M and numerous other national and local occupiers. The adjacent site (former YMCA buiding) was recently granted full planning permission to develop two drive thru units. We understand there is interest from global brands to take these units.
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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This was last updated on 27/01/2022