Summary - 18, CROSS STREET KY1 2UE
1 bed 1 bath Commercial Property
Low-entry auction lot for investors willing to refurbish and re-let..
Victorian ground-floor commercial unit with stone facade
A compact Victorian commercial unit on Cross Street offered at auction with strong upside for an investor prepared to refurbish. The property is a blank‑canvas ground-floor shop with rear area and bathroom, currently requiring full renovation including exposed/unfinished wiring and general re-fit. Guide price is £20,000; the lot is aimed at buyers seeking a low entry cost and rapid value uplift.
Rental estimates suggest a post-refurb income of £500–£600 pcm (£6,000–£7,200 pa). Based on the guide price, that produces headline yields in the high teens if the rent and sale price targets are achieved. The property has a listed rateable value of £3,900 which will affect business rates once occupied.
Location is a practical plus: Cross Street sits among local amenities and residential catchment in the Kirkcaldy/Dysart area, with good transport links and some tourism footfall from the Fife coast. However, the immediate area is classified as very deprived and the property’s small internal size means it will suit resourceful operators or landlords targeting local, low‑cost tenancies.
Buyers should note sale conditions: tenure is unknown, the building will be sold at auction and the unit needs immediate refurbishment work. These facts reduce acquisition cost but increase short-term expenditure and risk — factor refurbishment, business rates and vacant possession into your offer and programme.
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