Timed Online Auction

21 October 2021, 10am-3pm

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

Description

Full Address: 46-48 Crossgate, Full Town Center Building, Cupar, Fife, KY15 5HS

Full Commercial Building With Parking and Residential Potential. Prime Position. Residential Development Opportunity Potential For; Hot Food / Retail / Dental. Area: 4,686sq ft. Rental Potential: 25,000-30,000p.a. (Previously let to tsb for 28,000 pa)

The property enjoys a very 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 tourists and visitors to the area.

The property comprises a town centre commercial premises formed over basement, ground, 1st and attic floors surmounted but a pitched roof overlaid in slate with a two storey extension to the rear of the demise surmounted by a flat roof.

The ground floor comprises a former TSB bank with a somewhat narrower entranceway leading to a larger open plan rear area with partitions erected to form 3 no private office suites, and store, with access to the basement accessed via an internal timber staircase.

The basement is in good condition, with further storage provided along with boiler room. The lower ground, 1st and attic floors would lend themselves to residential conversion with the ground floor and basement lending themselves to retail / office / medical practice / showrooms.

The property comprises a town centre commercial premises formed over basement, ground, 1st and attic floors surmounted but a pitched roof overlaid in slate with a two storey extension to the rear of the demise surmounted by a flat roof. The ground floor comprises a former TSB bank with a somewhat narrower entranceway leading to a larger open plan rear area with partitions erected to form 3 no private office suites, and store, with access to the basement accessed via an internal timber staircase. The basement is in good condition, with further storage provided along with boiler room. The upper floors can be accessed via an internal fire escape from the car park to the rear of the demise or via an entrance to the front of the building leading to the first floor with open plan existing office suite, male and female w.c. facilities with access to the attic floor at the adjacent side of the building with fire escape to the rear leading to the private car park. The first floor extends The lower ground, 1st and attic floors would lend themselves to residential conversion with the ground floor and basement lending themselves to retail / office / medical practice / showrooms. Rent The property is available on a new full repairing and insuring head lease for a negotiable term for 25,000-30,000p.a. (Previously let to tsb for 28,000 pa)

The property enjoys a very 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 tourists and visitors to the area. 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. 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.

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Location

Pricing Information & Bidding

Opening Bid: £162,000

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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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: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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