The subjects comprise a series of interconnected industrial buildings of steel frame construction and a front office of stone/brick construction within a total site of 0.64 acres.
Visitor and staff parking is accessed immediately to the front, whereby entrance to the office accommodation is located, and rear for additional yard/parking.
Internally, the subjects benefit from the following:
- 2x main interconnected warehouses
- Additional workshop/stores
- Office/staff welfare accommodation
- 4x vehicular loading doors
- 3 phase power supply
- Rear industrial canopy shelter and parking
DEVELOPMENT OPPORTUNITY: Our client may consider selling the site as a development opportunity subject to obtaining full planning permission comprising 14 apartments with 28 car parking spaces, landscaping and cycle storage.
Further detail of drawings plans and planning status are available upon request.
Location
Cupar is a former market town in north-east Fife having a resident population of around 9,000. The town contains a mixed range of commercial businesses in its busy town centre with established industrial occupiers located in business parks and industrial estates on the eastern outskirts.
Cupar lies approximately 15 miles north-east from Glenrothes, the main administrative and commercial centre for the area, while the historic university town of St Andrews lies 9 miles due east. The cities of Perth (25 miles) and Dundee (14 miles) are within convenient travelling/commuting distance while the town also benefits from a main line railway station together with good road links providing easy access to the wider Scottish motorway network.
The subjects are situated on the south side of Front Lebanon by its junction with North Burnside within a mixed use area of residential and industrial premises.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a gross internal basis and is as follows:
Ground Floor Warehouse - 1,141.19 sq m (12,284 sq ft)
Ground Floor Office & WCs - 110.82 sq m (1,193 sq ft)
Total - 1,252.01 sq m (13,477 sq ft)
Terms
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
NON DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are entered in the 2023 Valuation Roll with a Rateable Value of £33,400.
PROPOSAL: The property is available on a new full reparing and insuring basis for a term to be agreed at a rental of £37,500 per annum.
Alternatively, the site may be available as a residential development opportunity as detailed above. Offers are invited for our client’s freehold interest subject to planning consented for 2x residential blocks comprising 14 apartments.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction.
VAT: All prices quoted are exclusive of VAT which maybe chargeable.
Specification
- Industrial premises extending to 13,477 sq ft
- Office / welfare accommodation
- 4x loading doors to front
- Rear industrial canopy with parking
- Flexible lease terms available
- May sell as development opportunity comprising 14 apartments