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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

Town Centre Ground + Basement 3,151sq ft. *** Hot Food Consent JUST Granted *** (2023) V.A.T Free. 5 Dedicated Parking Spaces. Rent Potential £30,000p.a. Fantastic Busy Locale. Fantastic Investment.

The property currently benefits from a Class 2 (Office / Professional) consent, however may lend itself to change of use to Class 1 (Retail) or hot food consent.

The property has been measured on a net internal area basis and calculated to extend to the following floor area; Ground: 276.35sqm (2,975sq ft) Bsm: 16.38sqm (176sq ft) Total: 292.73sqm (3,151sqft)

The property is located in Cupar, a busy market town situated on the A91 trunk route in the north east of Fife close to St. Andrews.

The property comprises ground and basement floors within a traditional stone built terraced property surmounted y a pitched roof, in addition to a more modern concrete frame.

The property comprises ground and basement floors within a traditional stone built terraced property surmounted y a pitched roof, in addition to a more modern concrete frame, the property benefits from a flat roof extension to the rear. The ground floor is a long and reasonably shaped unit providing the vast majority of the accommodation with a small basement providing a staff room, kitchen, toilets and other storage facilities. To the rear of the building, there is a small private car parking area providing 5 spaces. The property currently benefits from a Class 2 (Office / Professional) consent, however may lend itself to change of use to Class 1 (Retail) or hot food consent. Area- The property has been measured on a net internal area basis and calculated to extend to the following floor area. Ground: 276.35sqm (2,975 Sq.Ft) Bsm: 16.38sqm (176 Sq.Ft) Total: 292.73sqm (3,151 Sq.Ft) Rateable Value - £21,300

The property is located in Cupar, a busy market town situated on the A91 trunk route in the north east of Fife close to St. Andrews. The subjects are located in a prime retail location within the town close to WH Smith, Nationwide Building Society, Boots and several coffee shops and boutique bakeries. The town is well served by bus routes and benefits from rail connection to Edinburgh. There are several car parks around the town centre along with ample on street parking available.

Full Address: 18 Crossgate, Restaurant with Class 3 Consents, Cupar, Fife, KY15 5HL

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Pricing Information & Bidding

Opening Bid: £126,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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