Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
Town Centre Ground + Basement 3,151sq ft. *** Hot Food Consent JUST Granted *** (2023) V.A.T Free. 5 Dedicated Parking Spaces. 10 Year Lease in place at £13,500pa. Excellent trading position.
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. Trades as restaurant and homeware/gift shop.
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 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 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.
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, Ready Let Investment, Cupar, Fife, KY15 5HL
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £13,500 per year / £1,125 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Rent rising to £15,000. End date in lease 2034
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SPECIAL Terms of Sale
- 10% Deposit (Minimum £3,000)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
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* If no Special Conditions of Sale are present in the legal docs download bidders are advised to
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Auction Details
Date & Time: 30 April 2026, 10am-3pm
Type: Timed Online Auction
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