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Marketed by
Saltire Retail Park Pentland Park, Glenrothes, KY6 2AL
Use Class
1A - Shops
Size
35,635 sq ft
Market Sector
High Street Scheme
Key Features
Consent for food use
35,635 sq ft Retail Park Opportunity
Lease expires on 1st October 2035 with a passing rent of £315,095 per annum
Adjacent occupiers include Matalan, Poundstretcher, Jollyes and American Golf
Location
Glenrothes is one of Fife's principal commercial centres, Saltire Retail Park is a prominent out-of-town retail park, approximately 1 km south-west of the town centre. The scheme benefits from excellent visibility and accessibility, fronting both Western Avenue (A911) and Caskieberran Drive, key arterial routes serving the wider Glenrothes area. The retail park comprises a well- established retail destination anchored by national occupiers including Matalan, Poundstretcher, Jollyes and American Golf, benefiting from extensive on-site parking. Its accessible location, ample parking provision and established retail offer make Saltire Retail Park one of Glenrothes' key retail warehouse destinations, serving both the local population and the wider Fife catchment
Key Information
Travel
Parking
There are approximately 60 parking spaces.
Accommodation
35,635 Sq.Ft
The property is arranged over the ground floor only with the approximate floor area:-
Financial
Lease Term
The existing 25-year lease from 25th November 1988 has been extended by a minute of variation. The new lease expiry is the 1st October 2035. The passing rent is currently £315,095pa. The rent is to be reviewed to the higher of passing rent or open market on the 1st October 2030. The lease permits the property to be used as a supermarket or any other use within Class 1A.
Rent
Subject to contract, rental offers are invited in the region of £315095 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Costs
Each party is to be responsible for their own legal costs incurred in the transaction.
Price
Unconditional offers are invited, subject to contract.
Vat
All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate.
Disclaimer
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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