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31 Chapel St, Dunfermline

Office for rent in Dunfermline

£10.00 psf / 4,246 sq ft

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Highlights

Features

Full address
31 Chapel St, Dunfermline KY12 7AW – Dunfermline
Rent
£10.00 psf

3 spaces available

Stacking plan

The 3 spaces in this building must be taken together, for a total size of 4,246 sq ft. View the stacking plan for this property.

Ground floor - Office Available

Price
£10 per sq ft
Size
376 sq ft
Contiguous area
4,246 sq ft
Space for
1 to 4 people
use class
Buildout condition
Average
Address
31 Chapel St, Dunfermline, KY12 7AW, GB
Amenities
Common Parts WC Facilities
  • Estimated Post Development Value: £1.5 Million.
  • Sale Price: Offers in the region of £595,000.
  • Special Conditions available:- This seller will consider taking another property in 'part exchange'.
  • Lease To Buy Option - The purchaser may delay full purchase for up to 5 years via an 'Option to purchase contract' available under payment terms of 3% per annum of the agreed purchase price.
  • If finance is required to purchase then this option could work out much cheaper and less problematic.
  • An excellent large mixed commercial/ residential property situated within the historic town of Dunfermline city centre:-.
  • Part Ground Floor - Area 1 - 35 m2/ 376 sq/ft @ 3.5m Open Plan 1st Floor - Area 2 - 56 m2/ 602 sq/ft @ 3.5m Open Plan 1st Floor - Area 3 - 134 m2/ 1440 sq/ft @ 3.5m Open Plan 2nd Floor - Area 4 - 56 m2/ 602 sq/ft @ 4.2m Open Plan 2nd Floor - Area 5 - 134 m2/ 1440 sq/ft @ 4.2m Top Floor Flat - Area 6 - 56 m2/ 602 sq/ft Top Floor Flat - Area 7 - 124 m2/ 1440 sq/ft Additional Storage/ Toilet Areas - 30 m2/ 322 sq/ft.
  • x2 Concrete Staircases running from ground to all upper floors.
  • Total Floor Area 635 m2/ 6,826 sq/ft (Excluding stairs & landings).
  • Substantial prominent building situated within the historic town of Dunfermline city centre.
  • In recent years the buildings external fabric, including roof & windows has been completely refurbished at a substantial cost.
  • The internal aspects of the building have now been stripped back to shell and therefore require complete reinstatement.
  • The property is situated between the newly completed Dunfermline Bus Station and the Tesco’s Superstore which has recently been constructed adjacent.
  • Three hours free parking is available within the adjacent large Tesco's superstore car park.
  • Previously commercial/ part residential, with existing purpose built x2 top floor flats, this property could either be retained as present use or changed completely to full commercial or residential use (Subject to planning).
  • One way forward to maximise profit may be to convert the building to a Home Improvement Centre/ Showroom facilities incorporating complementary companies selling kitchens, bathrooms, flooring, double glazing and conservatories, etc.
  • In doing so this could attract the large number of passing foot-fall customers to a ‘one stop shop’ in order to facilitate their entire home improvement requirements under one roof.
  • The varied companies renting floor space could also benefit from one shared advertising budget.
  • This may be a route the new owner wishes to pursue.
  • Achievable rental following completion are as follows:-.
  • Commercial Aspects (4891 sq/ft) - @ £15 per sq/ft per annum: £73,365 Residential Aspect - Top Floor Flat 1 per annum: £9,600 Residential Aspect - Top Floor Flat 2 per annum: £7,200.
  • Total Achievable Rental Per Annum: £90,165.
  • Estimated Cost To Complete Renovation: £100,000. This amount includes both materials & contractor labor costs.
  • This amount could be considerably less if purchased by a self builder.
  • Total purchase & renovation costs of £700,000 could achieve an annual yield in excess of 12.88%.
  • Based upon the above anticipated rental amounts and a future investor looking to achieve a 6% annual yield, the re-sell property value of the property could stand at around £1.5M.
  • An alternative to the above may be to convert the entire building to residential use and create an additional seven flats, making a total of nine flats including the existing two top floor flats.
  • Per m2 value of residential properties could stand at around £2,000 x 635m2 equates to a possible future value of: £1.27M.
Term Negotiable
Service type Fully repairing and insuring
Space type Relet
Buildout status Full buildout
Buildout Standard office
Private offices 1

1st floor - Office Available

Price
£10 per sq ft
Size
1,935 sq ft
Contiguous area
4,246 sq ft
Space for
5 to 16 people
use class
Buildout condition
Average
Address
31 Chapel St, Dunfermline, KY12 7AW, GB
Amenities
Common Parts WC Facilities
  • Estimated Post Development Value: £1.5 Million.
  • Sale Price: Offers in the region of £595,000.
  • Special Conditions available:- This seller will consider taking another property in 'part exchange'.
  • Lease To Buy Option - The purchaser may delay full purchase for up to 5 years via an 'Option to purchase contract' available under payment terms of 3% per annum of the agreed purchase price.
  • If finance is required to purchase then this option could work out much cheaper and less problematic.
  • An excellent large mixed commercial/ residential property situated within the historic town of Dunfermline city centre:-.
  • Part Ground Floor - Area 1 - 35 m2/ 376 sq/ft @ 3.5m Open Plan 1st Floor - Area 2 - 56 m2/ 602 sq/ft @ 3.5m Open Plan 1st Floor - Area 3 - 134 m2/ 1440 sq/ft @ 3.5m Open Plan 2nd Floor - Area 4 - 56 m2/ 602 sq/ft @ 4.2m Open Plan 2nd Floor - Area 5 - 134 m2/ 1440 sq/ft @ 4.2m Top Floor Flat - Area 6 - 56 m2/ 602 sq/ft Top Floor Flat - Area 7 - 124 m2/ 1440 sq/ft Additional Storage/ Toilet Areas - 30 m2/ 322 sq/ft.
  • x2 Concrete Staircases running from ground to all upper floors.
  • Total Floor Area 635 m2/ 6,826 sq/ft (Excluding stairs & landings).
  • Substantial prominent building situated within the historic town of Dunfermline city centre.
  • In recent years the buildings external fabric, including roof & windows has been completely refurbished at a substantial cost.
  • The internal aspects of the building have now been stripped back to shell and therefore require complete reinstatement.
  • The property is situated between the newly completed Dunfermline Bus Station and the Tesco’s Superstore which has recently been constructed adjacent.
  • Three hours free parking is available within the adjacent large Tesco's superstore car park.
  • Previously commercial/ part residential, with existing purpose built x2 top floor flats, this property could either be retained as present use or changed completely to full commercial or residential use (Subject to planning).
  • One way forward to maximise profit may be to convert the building to a Home Improvement Centre/ Showroom facilities incorporating complementary companies selling kitchens, bathrooms, flooring, double glazing and conservatories, etc.
  • In doing so this could attract the large number of passing foot-fall customers to a ‘one stop shop’ in order to facilitate their entire home improvement requirements under one roof.
  • The varied companies renting floor space could also benefit from one shared advertising budget.
  • This may be a route the new owner wishes to pursue.
  • Achievable rental following completion are as follows:-.
  • Commercial Aspects (4891 sq/ft) - @ £15 per sq/ft per annum: £73,365 Residential Aspect - Top Floor Flat 1 per annum: £9,600 Residential Aspect - Top Floor Flat 2 per annum: £7,200.
  • Total Achievable Rental Per Annum: £90,165.
  • Estimated Cost To Complete Renovation: £100,000. This amount includes both materials & contractor labor costs.
  • This amount could be considerably less if purchased by a self builder.
  • Total purchase & renovation costs of £700,000 could achieve an annual yield in excess of 12.88%.
  • Based upon the above anticipated rental amounts and a future investor looking to achieve a 6% annual yield, the re-sell property value of the property could stand at around £1.5M.
  • An alternative to the above may be to convert the entire building to residential use and create an additional seven flats, making a total of nine flats including the existing two top floor flats.
  • Per m2 value of residential properties could stand at around £2,000 x 635m2 equates to a possible future value of: £1.27M.
Term Negotiable
Service type Fully repairing and insuring
Space type Relet
Buildout status Full buildout
Buildout Standard office
Private offices 4

2nd floor - Office Available

Price
£10 per sq ft
Size
1,935 sq ft
Contiguous area
4,246 sq ft
Space for
5 to 16 people
use class
Buildout condition
Average
Address
31 Chapel St, Dunfermline, KY12 7AW, GB
Amenities
Common Parts WC Facilities
  • Estimated Post Development Value: £1.5 Million.
  • Sale Price: Offers in the region of £595,000.
  • Special Conditions available:- This seller will consider taking another property in 'part exchange'.
  • Lease To Buy Option - The purchaser may delay full purchase for up to 5 years via an 'Option to purchase contract' available under payment terms of 3% per annum of the agreed purchase price.
  • If finance is required to purchase then this option could work out much cheaper and less problematic.
  • An excellent large mixed commercial/ residential property situated within the historic town of Dunfermline city centre:-.
  • Part Ground Floor - Area 1 - 35 m2/ 376 sq/ft @ 3.5m Open Plan 1st Floor - Area 2 - 56 m2/ 602 sq/ft @ 3.5m Open Plan 1st Floor - Area 3 - 134 m2/ 1440 sq/ft @ 3.5m Open Plan 2nd Floor - Area 4 - 56 m2/ 602 sq/ft @ 4.2m Open Plan 2nd Floor - Area 5 - 134 m2/ 1440 sq/ft @ 4.2m Top Floor Flat - Area 6 - 56 m2/ 602 sq/ft Top Floor Flat - Area 7 - 124 m2/ 1440 sq/ft Additional Storage/ Toilet Areas - 30 m2/ 322 sq/ft.
  • x2 Concrete Staircases running from ground to all upper floors.
  • Total Floor Area 635 m2/ 6,826 sq/ft (Excluding stairs & landings).
  • Substantial prominent building situated within the historic town of Dunfermline city centre.
  • In recent years the buildings external fabric, including roof & windows has been completely refurbished at a substantial cost.
  • The internal aspects of the building have now been stripped back to shell and therefore require complete reinstatement.
  • The property is situated between the newly completed Dunfermline Bus Station and the Tesco’s Superstore which has recently been constructed adjacent.
  • Three hours free parking is available within the adjacent large Tesco's superstore car park.
  • Previously commercial/ part residential, with existing purpose built x2 top floor flats, this property could either be retained as present use or changed completely to full commercial or residential use (Subject to planning).
  • One way forward to maximise profit may be to convert the building to a Home Improvement Centre/ Showroom facilities incorporating complementary companies selling kitchens, bathrooms, flooring, double glazing and conservatories, etc.
  • In doing so this could attract the large number of passing foot-fall customers to a ‘one stop shop’ in order to facilitate their entire home improvement requirements under one roof.
  • The varied companies renting floor space could also benefit from one shared advertising budget.
  • This may be a route the new owner wishes to pursue.
  • Achievable rental following completion are as follows:-.
  • Commercial Aspects (4891 sq/ft) - @ £15 per sq/ft per annum: £73,365 Residential Aspect - Top Floor Flat 1 per annum: £9,600 Residential Aspect - Top Floor Flat 2 per annum: £7,200.
  • Total Achievable Rental Per Annum: £90,165.
  • Estimated Cost To Complete Renovation: £100,000. This amount includes both materials & contractor labor costs.
  • This amount could be considerably less if purchased by a self builder.
  • Total purchase & renovation costs of £700,000 could achieve an annual yield in excess of 12.88%.
  • Based upon the above anticipated rental amounts and a future investor looking to achieve a 6% annual yield, the re-sell property value of the property could stand at around £1.5M.
  • An alternative to the above may be to convert the entire building to residential use and create an additional seven flats, making a total of nine flats including the existing two top floor flats.
  • Per m2 value of residential properties could stand at around £2,000 x 635m2 equates to a possible future value of: £1.27M.
Term Negotiable
Service type Fully repairing and insuring
Space type Relet
Buildout status Full buildout
Buildout Standard office
Private offices 4

Property facts for 31 Chapel St, Dunfermline

Commercial and Residential Property - For Sale or Rent, with no money down deal available. If you’re interested in 'Rent to Buy' or 'Lease only' then the present owner is willing to pay the redevelopment costs against all required materials to reinstate the internal building, and you provide the labor in exchange for a ‘rent free period’ - achieving no initial capital outlay. Chapel Street Dunfermline KY12 7AW Estimated Post Development Value: £1.3 Million Sale Price: Offers Over £595,000 Special Conditions available:- This seller will consider taking another property in 'part exchange' against this Lot. Lease To Buy Option - The purchaser may delay full purchase for up to 5 years via an 'option to purchase contract' available under payment terms of 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. An excellent Large mixed commercial & residential property situated within the historic town of Dunfermline city centre:- Part Ground Floor - 35 m2/ 376 sq/ft @ 3.5m High Open Plan 1st Floor Area 1 - 56 m2/ 602 sq/ft @ 3.5m High Open Plan 1st Floor Area 2 - 124 m2/ 1333 sq/ft @ 3.5m High Open Plan 2nd Floor Area 1 - 56 m2/ 602 sq/ft @ 4.2m High Open Plan 2nd Floor Area 2 - 124 m2/ 1333 sq/ft @ 4.2m High Top Floor x1 Bedroom Flat - 56 m2/ 602 sq/ft Top Floor x3 Bedroom Flat - 124 m2/ 1333 sq/ft Additional Storage/ Toliet Areas - 30 m2/ 322 sq/ft x2 Concrete Staircases From Ground To Top Floors Total Floor Area 605 m2/ 6503 sq/ft (Excluding stairs & landings) Substantial prominent building situated within the historic town of Dunfermline city centre. In recent 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 require reinstatement. This property is situated between the newly completed Dunfermline Bus Station and the Tesco’s Superstore which has recently been constructed adjacent. Three hours free parking for all is available within the adjacent Tesco's superstore car park. Presently commercial/ part residential, this property could be either retained as present use or changed completely to commercial or residential use. One way forward to maximise profit may be to convert the building to a Home Improvement Center incorporating complementary companies selling kitchens, bathrooms, flooring, double glazing and conservatories, etc. In doing so this would attract the large number 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 could 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 follows:- Commercial Aspects (4246 sq/ft) - @ £15 per sq/ft per annum - £63,690 Residential Aspect -Two Bedroom Flat per annum - £6,600 Residential Aspect - Three Bedroom Flat per annum - £7,800 Total Achievable Rental Per Annum: £78,090. Estimated Cost To Complete Renovation: £80,000 - This amount includes both materials & contractor labor costs. This amount would be much less if you did not have to pay for all labor costs by doing some labor yourself. If you’re interested in 'Rent to Buy' or 'Lease only' then the present owner is willing to pay the redevelopment costs against all required materials to reinstate the building, with a rent free period being offered against the labor aspect - achieving no initial capital outlay. Total purchase & renovation costs of £700,000 would achieve an annual yield in excess of 11.15%. Based upon the above anticipated rental amounts and a future investor looking to achieve a 6% annual yield, the re-sell property value would stand at around £1.3 Million.

Estimated space
1 to 36 people
Number of storeys
3
Ceiling height
12ft 6"
Total building area
6,503 sq ft
Rentable building area
6,503 sq ft
Construction material
Masonry
Year built
1899
Parking
Surface, Surface tandem, Covered, Covered tandem, Reserved

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31 Chapel St, Dunfermline

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Central Belt Properties Limited. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Central Belt Properties Limited for full details and further information. 9042601