GUIDE PRICE

Deadline for Offers

09 December 2021, 3pm

Bidding Closes in

Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 60 Main Street, Commercial Arms, Leuchars, Fife, KY16 0HE

Fife Commercial Investment - Traditional Licensed Premises with outdoor seating area in popular town of Leuchars near St Andrews. On street parking and visitor access to the front and rear.

Currently Tenanted (FRED STUART) on a new 15 year lease (direct with owner - HOUSE OF NAMES LTD) at £12,000 per annum. St Andrews, Dundee and Cupar all within easy travelling distance.

Excellent FREEHOLD investment opportunity to purchase an established premises in a sought after area. Leuchars also benefits from a main line railway station lying on the Aberdeen to Edinburgh/London.

Lies to the west side of Meadow Road a short distance from its junction with Station Road (A919) which forms part of the principal traffic route linking from St Andrews through Leuchars to Dundee.

St Andrews is also well known for its university which is one of the oldest in Britain, founded in 1410. The town provides good state schooling at Madras College and private schooling at St Leonards, and Dundee High School is within easy reach.

Traditional Licensed Premises with outdoor seating area in popular Leuchars near St Andrews. On street parking and visitor access to the front and rear. TENACT DETAILS: Tenanted (FRED STUART) on a new 15 year lease (direct with owner - HOUSE OF NAMES LTD) at £12,000 per annum. St Andrews, Dundee and Cupar all within easy travelling distance. LOCATION: Located to the west side of Meadow Road a short distance from its junction with Station Road (A919) which forms part of the principal traffic route linking from St Andrews through Leuchars to Dundee. Excellent FREEHOLD investment opportunity to purchase an established premises in a sought after area. Leuchars also benefits from a main line railway station lying on the Aberdeen to Edinburgh and London.

Leuchars is a small town in north east Fife some 6 miles north-west from the historic university town of St Andrews. The usual local amenities are available in the town with the main centres of St Andrews, Dundee and Cupar all within easy travelling/commuting distance. Nearby, St Andrews is renowned world wide as the ‘Home of Golf’. The Old Course is a regular host to the Open Championship which will next be held there in 2015. There are now six further golf courses run by the St Andrews Links Trust, including the Castle Course opened in 2009. There are many other golf courses in the area including the Duke’s Course, two courses at Fairmount, St Andrews Bay and Kingsbarns. St Andrews is also well known for its university which is one of the oldest in Britain, founded in 1410. The town provides good state schooling at Madras College and private schooling at St Leonards, and Dundee High School is within easy reach. The town has a good range of shops, hotels, restaurants and recreational and cultural facilities. Beyond St Andrews is the East Neuk of Fife, with a spectacular coastline which boasts fishing villages built around picturesque harbours and sandy unspoilt beaches.

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2031
Rent: £12,000 per year / £1,000 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Currently Tenanted (FRED STUART) on a new 15 year lease (direct with owner - HOUSE OF NAMES LTD) at £12,000 per annum (signed November 2016 and expires November 2031). Lease Available on request.

Document Downloads

LEGAL PACK AVAILABLE - Download Now

Location

Pricing Information & Bidding

Guide Price: £150,000


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.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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.

Submit Offer Now

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: 09 December 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

Similar Properties


Lot 84
£165,000 GUIDE PRICE
  • SUBSTANTIAL SIZED retail premises over ground and first floors in busy Arbroath Town Cent...
Lot 60
£68,000 GUIDE PRICE
  • Affordable Commercial Investment opportunity located on the High Street of Leven, Fife. P...
Lot 255
£110,000 GUIDE PRICE
  • Retail Premises in 100% PRIME Dundee City Centre position. ***2,262 SQUARE FEET, 210.15 ...