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24-42 Gardeners St 2,881 SF Industrial Condo Unit Offered at $296,141 in Dunfermline KY12 0RN
Investment Highlights
- Vehicle repair garage investment in Dunfermline city centre.
- 25-year lease term from April 2021 with five-yearly rent reviews.
- Let on an FRI lease producing £18,000 per annum.
Executive Summary
The property forms part of a semi-detached industrial building arranged around a surfaced parking and yard area. Constructed in brick and blockwork with rendered elevations beneath a pitched profiled metal sheet roof, the building occupies a prominent position on Gardeners Street within Dunfermline city centre and close to Carnegie Retail Park. The property benefits from dedicated parking spaces and good access to the wider road network.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 8.18% |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| Tenure | Freehold |
Description
The accommodation comprises a single-storey vehicle repair workshop extending to 2,881 sq ft. The unit benefits from open workshop space, roller shutter vehicle access, separate pedestrian access and direct access to a surfaced shared yard. The property is suitable for vehicle repair, automotive and industrial workshop operations.
Sale Notes
Investment sale. The property is sold subject to an existing Full Repairing and Insuring lease to Profix Auto Care Ltd, generating a current passing rent of £18,000 per annum. The lease commenced on 15 April 2021 for a term of 25 years, with five-yearly rent reviews and an outstanding review from April 2026. Offers over £220,000 plus VAT are invited.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C | 2,881 SF | Industrial | $296,141 ($102.79/SF) | $24,229.70 |
Unit C
| Unit Size |
| 2,881 SF |
| Condo Use |
| Industrial |
| Price |
| $296,141 ($102.79/SF) |
| NOI |
| $24,229.70 |
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Unit C
| Unit Size | 2,881 SF |
| Condo Use | Industrial |
| Price | $296,141 ($102.79/SF) |
| NOI | $24,229.70 |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| Tenure | Freehold |
| Description | |
| The accommodation comprises a single-storey vehicle repair workshop extending to 2,881 sq ft. The unit benefits from open workshop space, roller shutter vehicle access, separate pedestrian access and direct access to a surfaced shared yard. The property is suitable for vehicle repair, automotive and industrial workshop operations.</li></ul> | |
| Sale Notes | |
| Investment sale. The property is sold subject to an existing Full Repairing and Insuring lease to Profix Auto Care Ltd, generating a current passing rent of £18,000 per annum. The lease commenced on 15 April 2021 for a term of 25 years, with five-yearly rent reviews and an outstanding review from April 2026. Offers over £220,000 plus VAT are invited.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 7,630 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 7,630 SF |
| Property Subtype | Warehouse | Year Built | 1970 |
| Building Class | C | Lot Size | 0.33 AC |
| Total Building Size | 7,630 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 7,630 SF |
| Year Built | 1970 |
| Lot Size | 0.33 AC |
Amenities
- Security System
- Automatic Blinds
- Recessed Lighting
- Fluorescent Lighting
Utilities
- Lighting
- Water - City
- Sewer - City
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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24-42 Gardeners St
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