BIDDING OPENS in...

Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

READY LET 1 Bedroom Studio flat in popular residential location. *** 2026 RICS HOME REPORT VALUE = £35,000 *** Tenanted with current rental of £220 per month. (£2640pa) Instant Rental Investment.

Flat 11A comprises Lounge/bedroom, kitchen and shower room (Ground Floor). Sold as ongoing investment with tenant in situ. Well maintained rental location.

HIGH DEMAND RENTAL LOCATION Nearby amenities include shops, schools, and access to transportation services. Rent passes to new owner and tenant carries on occupation under agreement.

FANTASTIC BUY TO LET INVESTMENT with instant income and great capital growth potential.

The development is located on Newtown, in what is considered an established residential area, a short distance to the north of the main commercial shopping thoroughfare and town centre.

Cupar is a former market town in North East Fife, having resident population just in excess of 9,000 persons but also serves as a centre for a large rural hinterland. The town contains a mixed range of commercial businesses in the busy town centre with well established industrial users located in business parks and industrial estates on the eastern outskirts of the town.

Cupar lies approximately 11 miles north-east of Glenrothes which is the main administrative and commercial centre for the whole area, while the historic university town of St Andrews lies some 9 miles due east. The cities of Perth and Dundee are within convenient travelling/commuting distance while the town also benefits from a mainline railway station, together with good road links providing access to the Central Scotland motorway network

Full Address: 11 Newton, Flat A, Cupar, Fife, KY15 4DD

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling lease
Rent: £2,640 per year / £220 per month
Yield: 18% (approx)
Tenant: Private Individual
Notes: Instant income with tenant in situ paying £220 per month. Sold as ongoing investment. Well maintained rental location.

Document Downloads

Lease (Available) Home Report (Available) Legal Docs (Available)

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Pricing Information & Bidding

Opening Bid: £15,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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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 (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £4,000 + 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.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.





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