OPENING BID

Timed Online Auction

21 May 2021, 10am-4pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • 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.

Show More

Tenancy Details

Type of Agreement:
Length: 10 Years
Rent: 15,000 per year / 1,250 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

Document Downloads

LEGAL PACK AVAILABLE - Download Now

Location

Pricing Information & Bidding

Opening Bid: £111,000

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.

View Live Online Auction

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.

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: 21 May 2021, 10am-4pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 155
£149,000 OPENING BID
  • COFFEE SHOP - EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY, roadside location, on A90 sout...
Lot 232
£500,000 GUIDE PRICE
  • City centre retail investment opportunity. Let to BrightHouse Net Assets 134 million. ...
Lot 198
£52,000 OPENING BID
  • FANTASTIC DEVELOPMENT OPPORTUNITY. Former Lyon Bar with FULL PLANNING PERMISSION for 4 Be...