Opportunity to lease or purchase a stand-alone retail warehouse building which benefits from a large private car park located in Cupar town centre.
The building is currently used as a shop but is suitable for a variety of uses subject to planning such as residential, leisure, gym, light industrial, storage, cafe, restaurant, medical practice etc.
The property is available on a new lease or to purchase with vacant possession. There is also the potential to renew the existing lease with The Original Factory Shop Limited.
( Agency Pilot Software ref: 15595 )
Location
Cupar is the former county market town located in North East Fife between Glenrothes and Dundee. The town has a residential population of approximately 9,000 and is an increasingly popular residential location. Cupar benefits its location on the east coast railway line and is within commuting distance of both Dundee, St Andrews and Edinburgh. The premises are situated on the south side of East Burnside immediately to the north of Cupar town centre. The surrounding area is predominantly residential in nature, however there are a number of commercial premises located in close proximity. The site boundary is defined by East Burnside to the north, Millers Brae to the west and Castle Hill to the east. Vehicular access is provided from East Burnside while pedestrian access may also be taken via Castle Hill and an unnamed pend off St Catherine’s Street.
Accommodation
654 sq m (7,044 sq ft)
Terms
Business Rates We are advised by the local Assessor the property currently has a Rateable Value of £48,100 resulting in Rates Payable (2024/2025) of approximately £24,000 per annum. Uses The property has planning consent for the current retail warehouse use.
Alternative uses may be achievable subject to obtaining the relevant planning consent including: • Residential • Gym • Leisure • Light industrial • Storage • Vet practice • Medical centre • Café / restaurant may be achievable subject to obtaining the relevant planning consent.
Lease Terms The property is available on a new lease for a term to be agreed and a quoting rent of £40,000 per annum plus VAT. Further information is available from the agents.
Sale Terms Our client will consider selling their heritable interest in the property. Further information is available from the agents.
VAT All prices are quoted exclusive of VAT.
EPC Available on request
Specification
- Benefits from a large large yard / car park
- Suitable for a wide variety of uses