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Commercial dance studio investment property

Lochgelly, KY5 - Get Access

Description

This unique commercial opportunity operates as a turnkey dance studio investment situated within a prime location in Lochgelly. The property comprises approximately 1,216.32 square feet of versatile space. With a current rental income of £850 per month (£10,200 per annum), this property represents an outstanding opportunity for investors seeking substantial returns, boasting an exceptional gross yield. The opportunity is sure to appeal to commercial investors looking for rare premises with exceptional high-yield potential and long-term occupants of over four years in a thriving area. Situated in a prime location, the property benefits from high passing footfall, with proximity to many local facilities and amenities. The subjects are entered in the current Valuation Roll with a Rateable Value of £9,500 and qualify for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status. Lochgelly is a charming town in Fife, Scotland, known for its rich history and vibrant community. With excellent transport links and proximity to local amenities, it offers an ideal setting for businesses and residents alike.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,216 sq ft (Listing)

This commercial retail unit on Main Street in Lochgelly was valued using an investment income method. The approach capitalises the existing £10,200 annual rental income at an appropriate yield for secondary Fife commercial premises. The property's good condition and 1,216 sq ft floor area were factored directly into the overall capital assessment.

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