The premises comprise a double fronted ground floor lock up shop unit contained within a larger traditional tenement building, the upper floors of which were converted to residential use by Fife Council in 2016.
The premises offer clear ground floor retail space together with a store room and single wc compartment at the rear. There is additional remote storage accommodation provided within two cellar rooms at basement level.
Location
Cupar is a vibrant and affluent market town that sits approximately 13 miles north of Glenrothes and 10 miles west of St Andrews.
St Catherine Street forms part of the A91 trunk road route that connects St Andrews to Stirling and therefore benefits from substantial levels of passing traffic throughout the day.
The area is a well established and popular secondary retail parade and adjoining occupiers along the street include Paterson Bell Solicitors, CKD Galbraith Surveyors and a Boots Pharmacy.
Accommodation
Measured in accordance with the RICS Code of Measuring Practice (6th edition), we estimate the premises to extend to the following approximate floor areas:
Ground Floor Net Internal Area: 75.15 sq m (809 sq ft)
There is additional remote cellarage at basement level that has not been neasured by us.
Terms
Rating - From enquiries made at saa.gov.uk, the premises are entered on the current Valuation Roll as follows:
SHOP - NAV/RV - £10,000
With the RV set at this level, qualifying occupiers can apply for the Small Business Bonus Scheme that reduces the Rates payable to £0.
Energy Performance Certificate - The subject property has an EPC rating of G
Planning - The property has the benefit of Class 1a (Retail and Office) Use.
VAT - We understand the property has not been elected for VAT and VAT will therefore not be charged on the rent.
Terms - Our clients are offering the premises on the basis of a new full repairing and insuring lease of a minimum 5 years’ duration inviting rental offers in excess of £10,000 per annum.
Our clients may also consider the sale of their heritable (Scottish equivalent of freehold) interest inviting offers in excess of £115,000.
Legal Expenses - Each party will meet their own legal expenses incurred in connection with the transaction, with the incoming occupier meeting the costs of any Land and Buildings Transaction Tax and Registration Dues that may be payable.
Entry - Subject to vacant possession, entry is available immediately on conclusion of missives.