Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 2-8 St Catherine St, Let Boots Investment, Cupar, Fife, KY15 4BT

PRIME LET INVESTMENT comprising a Boots Chemist in excellent town centre location. Ground floor Unit currently Let to BOOTS U.K LTD at 30,356 Per Annum until July 2025. *** 9% YIELD OPPORTUNITY FROM PRIME BLUE CHIP NATIONAL COVENANT ***

SUBSTANTIAL SIZED property with Prominent Frontage. Extremely well-positioned within HIGH FOOTFALL commercial location. Passing Rent 30,256 Per Annum. Excellent ready let prime town centre unit.

100% SECURE INCOME to Grade A tenant. The subjects are let to Boots UK Ltd on a Full Repairing and Insuring lease expiring July 2025. Perfect secure investment property in popular retail location.

Nearby occupiers include Lloyds Pharmacy, Greggs, Nationwide Building Society, Argos, CO-OP and Lidl. Excellent Trading Position in Town Centre Location.

Cupar has excellent communication links with central Scotland and beyond with a main line train station on the East Coast Line as well as reasonable proximity to the M90 motorway network.

PRIME INVESTMENT comprising a let Boots Chemist above in excellent town centre location. Currently Let to BOOTS U.K LTD at 30,356 Per Annum until July 2025. SUBSTANTIAL SIZED property with Prominent Frontage. Extremely well-positioned property within HIGH FOOTFALL commercial location. The property is situated on the northern side of Catherine Street, at its junction with Crossgate. The property comprises a substantial corner property formed over 3 stories. The unit offers a mixture of commercial along with a separate maisonette residential dwelling and 1st and 2nd floors. The ground floor is occupied by Boots with a substantial glazed frontage with dual entrance. Passing Rent 30,256 Per Annum.100% SECURE INCOME to Grade A tenant. The subjects are let to Boots UK Ltd on a Full Repairing and Insuring lease expiring July 2025. Perfect investment property in popular retail location. Nearby occupiers include Lloyds Pharmacy, Greggs, Nationwide Building Society, Argos, CO-OP and Lidl. Excellent Trading Position in Town Centre Location.

Cupar has excellent communication links with central Scotland and beyond with a main line train station on the East Coast Line as well as reasonable proximity to the M90 motorway which connects Edinburgh to Perth and beyond. The county town of Cupar is situated in north-east Fife close to both St. Andrews and Dundee. The town also acts a large centre for the outlying rural areas of north-east Fife and is approximately an hours drive north of Edinburgh. Other centres located close by include Perth as well as the larger Fife towns of Leven, Glenrothes and Kirkcaldy. The town also benefits from its closeness to St. Andrews with its world famous golf courses and University.

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Floorplans

2-8  St Catherine St, Let Boots Investment  Cupar, Fife

Click to Enlarge Floorplan Image

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 2025
Rent: 30,256 per year / 2,521 per month
Yield: 9% (approx)
Tenant: Company
Notes: Currently Let to BOOTS U.K LTD at 30,356 Per Annum until July 2025

Document Downloads

  LEGAL PACK (Pending)

Location

Pricing Information & Bidding

Guide Price: £330,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 16 April 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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