The premises comprise a ground floor & basement retail unit contained within a three storey mid terraced stone building under a pitched slate roof. The subjects are provided to an excellent specification having recently undergone a comprehensive refurbishment over both ground & basement floors. This includes a new high quality shopfront, internally all walls & ceilings have been recovered, redecorated & freshly painted as well as new laminated flooring throughout. In addition the electrics have also been fully rewired and include new high spec lights & fittings. There is a wc & wash hand basin located to the back plus a rear door provides direct access to a side lane onto Bonnygate.
Location
Cupar is an affluent market town located in north east Fife having a resident population of circa. 9000 persons and also draws on a large rural catchment. The town is situated approximately 10 miles west of St Andrews, 15 miles south of Dundee and some 44 miles north of Edinburgh. The town benefits from excellent transport communications being located on the A91 the major Fife arterial route linking Cupar with the M90 motorway to the west plus the A92 trunk road providing links to Dundee, Glenrothes & Kirkcaldy. The town also benefits from a railway station on the main east coast line.
The subjects offer an excellent position within the town centre, situated on the south side of Bonnygate close to it’s junction with Crossgate. Surrounding occupiers include Rowlands Pharmacy, Subway, Elite Framing, Total Hardware, William Hill, Bank of Scotland, Occhiali Eyewear, Cutting Edge Hair & Beauty, Boots plus numerous other local traders.
Accommodation
Ground Floor Sales plus WC & Ancillary - 401 sq ft
Basement Storage - 256 sq ft
TOTAL - 657 sq ft
Terms
LEASE TERMS
The subjects are available on the basis of a new full repairing & insuring lease for a negotiable period.
RENT
Rental offers in excess of £9,000 per annum are invited. [No VAT applicable].
PRICE
Alternatively our client may consider a sale of the subjects. Offers in excess of £90,000 are invited. [No VAT applicable].
RATES
We understand the subjects are currently entered on the Scottish Assessors Association Portal, as follows:-
Rateable Value - £6,000 [as at 01/04/2023]
[An incoming occupier may benefit from Small Business Bonus Scheme (SBBS) rates relief. We would therefore recommend discussing this with the local Rates Authority]
ENERGY PERFORMANCE CERTIFICATE
EPC Rating – D [Copy available on request].
USE
We understand the property currently benefits from Class 1A Retail, Financial, Professional Services. Other uses may be considered subject to obtaining the necessary consent. Interested parties are advised to make their own enquiries directly with the local Planning Department.
VAT
All prices, rents etc are subject to VAT at the prevailing rate, unless otherwise stated.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction, with the purchaser responsible for any LBTT, Registration Dues and VAT applicable.
Specification
- POPULAR MARKET TOWN SITUATED IN NORTH EAST FIFE
- PROMINENT CENTRAL LOCATION WITHIN THE HEART OF CUPAR
- CLASS 1A PLANNING CONSENT SUITABLE FOR A VARIETY OF USES
- POTENTIAL FOR 100% RATES RELIEF
- GROUND FLOOR 37.25 SQM [401 SQFT] & BASEMENT 23.80 SQM [256 SQFT]
- EXCELLENT SPEC HAVING RECENTLY UNDERGONE COMPREHENSIVE REFURBISHMENT
- NEW SHOP FRONT, LAMINATED FLOORING, LIGHTING & ELECTRICS PLUS FULLY REDECORATED & FRESHLY PAINTED THROUGHOUT
- SURROUNDING OCCUPIERS INCLUDE ROWLANDS PHARMACY, SUBWAY, WILLIAM HILL, BOOTS, BANK OF SCOTLAND ETC
- RENTAL - £9,000 PER ANNUM (NO VAT)
- SALE PRICE – £90,000 (NO VAT)