SORRY NOW SOLD - STC
Estimated Future Value: £1.27 Million
Starting Bid: £595,000
Bid Increments: £1,000
Special Conditions: See below
Important - Please Note: 0131 Auction incorporates an 'Anti Sniping' Feature - If a new bid is received within the last five (5) minutes of auction end time then the auction bidding will automatically be extended for a further five minutes, from the time which the last bid is received, until no more bids have been placed.
In order to automatically display any new bids placed, please be aware this auction page will refresh every three (3) minutes until auction end. If you require further information then please contact us
Conditions available to this lot are as follows:-
This seller will consider taking another property
in 'part exchange' against this Lot.
No money down purchase available - The purchaser may delay full purchase for up to 5
years via our unique 'option to purchase contract' available at terms of only
base rate +4% per annum of the agreed purchase price. If finance is required to
purchase then this option could work out much cheaper and less problematic.
Please Email for more information.
An excellent Large mixed commercial & residential property situated within the historic town of Dunfermline city centre:-
- Part Ground Floor - 35 m2 or 376 sq/ft @ 3.5m High
- Open Plan 1st Floor Area 1 - 56 m2 or 602 sq/ft @ 3.5m High
- Open Plan 1st Floor Area 2 - 124 m2 or 1333 sq/ft @ 3.5m High
- Open Plan 2nd Floor Area 1 - 56 m2 or 602 sq/ft @ 4.2m High
- Open Plan 2nd Floor Area 2 - 124 m2 or 1333 sq/ft @ 4.2m High
- Top Floor x1 Bedroom Flat - 56 m2 or 602 sq/ft
- Top Floor x3 Bedroom Flat - 124 m2 or 1333 sq/ft
- x2 Concrete Stair Cases From Ground To Top Floors
- Additional Storage/ Toliet Areas - 30 m2 or 322 sq/ft
- Total Floor Area 605 m2 or 6503 sq/ft (Excluding stairs & landings)
Substantial prominent building situated within the historic town of
Dunfermline city centre.
Within the last few years the buildings external fabric, including roof
& windows has been completely refurbished at a substantial cost. The
internal aspects of the building have been stripped back to shell and therefore
This property is situated between the newly completed Dunfermline Bus
Station and the Tesco’s Superstore which has recently
been constructed within the former Thompsons World of Furniture site
Presently part commercial and residential. Subject to
planning this property could be either retained as present use or changed to completely
commercial or residential uses.
One way forward to maximize profit may be to convert the building
to a Home Improvement Center incorporating complementary companies selling
kitchens, bathrooms, conservatories, double glazing, flooring, tiling etc. In
doing so this would attract the large amount of passing foot-fall
customers to a ‘one stop shop’ in order to facilitate their entire home
improvement needs under one roof. The varied companies renting floor
space would also benefit from one shared advertising budget. This may be a
route the new owner wishes to pursue.
The anticipated gross rentals received following completion are as
Commercial Aspects (4246 sq/ft) - @ £15 per sq/ft per annum - £63,690.00
Residential Aspect - x1 Bedroom Flat
per annum - £5,400.00 (£450.00 P.M.)
Residential Aspect - x3 Bedroom Flat
per annum - £7,200.00 (£600.00 P.M.)
Total Rental Per Annum: £76,290.00
Estimated Cost To Complete Renovation:
£100,000 - This amount includes both materials & contractor labour costs.
This amount would be much less if you did not have to pay for all labour costs
by doing some labour yourself.
Total purchase & renovation costs
of £700,000 would achieve an annual yield in excess of 10.89%.
Based upon the above anticipated rental
amounts and an investor looking to achieve a 6% annual yield the re-sell
property value would stand at around £1.27 Million.
These particulars do not form part of an offer and all statements contained herein are believed to be correct but are not guaranteed and any intended purchaser must satisfy themselves as to their accuracy. The dimensions provided may include, or exclude, recesses intrusions and fitted furniture. They have been chosen to indicate the general size and shape of each room. Any detailed measurements ought to be taken personally.
DISCLAIMER: 0131 Property Auctions (0131auction.co.uk) provides a Property Auction Facility Only and is not an Estate Agent and we do not provide Estate Agent Services. Any opinion, statement, recommendation or anything else whatsoever shall not form any guarantee or warranty. All investigations, surveys, searches or any other enquiries will be your responsibility. Any further investigations, due diligence, establishment of clear title, surveys, searches, etc or any other enquiries will be undertaken by your appointed suitably qualified persons but we make no warranty or guarantee and you must rely on any professional warranty or guarantee offered by the person or organisation performing such investigations, surveys or searches.
To the extent that the law allows we will not be held responsible for any loss, damage or costs arising out of failing to provide the services or any part thereof of our Property Auction Facility. This is a comprehensive limitation of liability which shall apply to all damages of any kind, direct or indirect, special, incidental, consequential, damages or loss, including but not limited to, any damages for loss of income, profits, revenue or data incurred by you or third parties, whether based in contract, tort or in any other way whatsoever, even when we have been advised of the possibility of such damages.
All our Auction properties are sold in strict accordance with our Terms & Conditions. To view a copy please: CLICK HERE
- Edinburgh - Lothian’s - Fife - Live Online Property Auction -