Licensed restaurant investment in Dunfermline, Fife (ref 1669)

The subjects occupy a prominent trading location on East Port in a strategically important trading location in the town centre.

East Port is adjacent to Dunfermline’s main pedestrianised shopping area and close to the Kingsgate Shopping Centre. The street already houses a variety of banks, solicitors, offices and retail shops.

The subjects are let to Noble Cuisine Ltd on a 10-year lease which began in 2022. The tenants have the option to extend for an additional 5 years in 2032. The passing rent is £35,000. Open market rent reviews are every 5 years. Our clients retain a cash deposit of £7,500 from the tenants.

Offers around £395,000 are sought for our client’s heritable interest. The price reflects a net initial yield of 8.8% prior to standard purchasers’ costs.