The Picture House opened around 1911 and was the second cinema acquired by J B Milne in the 1930’s as he built his circuit into what was eventually one of the largest privately owned cinema chains in the UK. The subjects comprise a picture house of traditional stone construction, beneath a pitched and slated roof. It has a main auditorium and entrance hallway on the ground floor and projector/storerooms on the first floor.
Internally, the property is in a state of some disrepair and the building has been used for storage purposes. The property could benefit from extensive renovation or serve as a development opportunity.
Location
The subjects are located in the town of Tayport, in the northeast of Fife. It lies 11 miles north of St Andrews, approximately 5 miles north of Leuchars and 5 miles southeast of Dundee, both of which benefits from a railway station on the East Coast Main Line.
The subject is situated on the western side of Queen Street, at its junction with King Street, a short walk from the local primary school and library.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:
450.07 sq m (4,842 sq ft) on a gross internal basis.
Terms
RATEABLE VALUE: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £6,600 per annum.
It should be noted under the terms of the Small Business Bonus Scheme, the property maybe eligible for 100% rates relief.
SALE PRICE: Offers in excess of £100,000 are invited for the benefit of our client’s heritable interest.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
VAT: All prices quoted are exclusive of VAT.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in any transaction.
ENTRY: Upon completion of legal formalities.
Specification
- Large store/warehouse centrally located within Tayport
- Development opportunity
- Located close to Dundee City Centre and Leuchars
- GIA 4,842 sq ft (450.07 sq m)
- Offers over £100,000