GUIDE PRICE

Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

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

Description

Full Address: 47 Crossgate, The Parsonage Bar, Cupar, Fife, KY15 5AS

PRIME HIGH STREET Public House located on the Ground floor - LET at 15,000 PER ANNUM *** NEW 10 YEAR LEASE *** Popular establishment with single door public access at the front.

VAT FREE INVESTMENT. Comprises: Main entry via a doorway to the front of the property which leads to bar service areas, ladies and gents toilets as well as a beer cellar.

Well presented traditional lock-up Bar operated by the same owner for the past 16 years. Freehold commercial sale. The county town of Cupar is situated in the north-east of Fife close to St. Andrews.

The Parsonage Bar enjoys a prominent trading position on Crossgate, the central street in Cupar town centre. This is an excellent location to serve the local community as well as visitors.

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.

LET at 15,000 PER ANNUM *** NEW 10 YEAR LEASE *** Popular establishment with single door public access at the front. VAT FREE INVESTMENT. Business type: Public House located on the Ground floor of a Victorian tenement style building. Popular establishment with single door public access at the front. Excellent town centre location. Tenure: Freehold. Comprises: Main entry via a doorway to the front of the property which leads to bar service areas, ladies and gents toilets as well as a beer cellar. Easy to run and manage business opportunity. The Parsonage Bar enjoys a prominent trading position on Crossgate, the central street in Cupar town centre. This is an excellent location to serve the local community as well as visitors. Well presented traditional lock-up Bar operated by the same owner for the past 16 years. Freehold commercial sale. The county town of Cupar is situated in the north-east of Fife close to St. Andrews.

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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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2031
Rent: 15,000 per year / 1,250 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Expiry: 21st April 2031 Deposit: A deposit of 3,750 is held by the vendor Tenant Bio: The tenant is an experienced operator with a sterling reputation within the area.

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Location

Pricing Information & Bidding

Guide Price: £130,000


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: 30 September 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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