Town Centre Optician Investment
In Situ Since 1991
Lease on Personal Names t/a
PLM Optometrists
Expiry: 27th August 2027
Passing Rent: £XXXp.a.x
Guide Price: £XXX
Location
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
Property
The property comprises a ground and part first floor of a 3 storey traditional development surmounted by a pitched roof.
The subjects offer a prominent glazed frontage with single door access leading to an open plan retailing space. Partitions have been erected to the rear to form examination room with rear access. W.C facilities, store and office are situated at first floor. The property has been renovated to a high standard by the tenant including new carpeted flooring within the customer areas, with linoleum and laminated timber within the staff areas. Lighting is proved by L.E.D spots recessed within the suspended acoustic tile ceiling.
Area
Ground: 84.9sqm (914sq ft)
1st Floor: 76.4sqm (822sq ft)
Total: 161.3sqm (1,736sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: x3 Personal Names t/a PLM Optometrists
Expiry: 27th August 2027
Passing Rent: £XXXp.a.x
Further: The tenant has been in situ since 1991 and repeatedly extended their lease, showing confidence and strength of business within the locale. PLM Optometrists operate 5 branches throughout the kingdom of Fife include Leven, Kirkcaldy, Anstruther and Glenrothes.
Price
Guide Price £XXX
V.A.T
The property has been elected for V.A.T as such the transaction will he treated as a transfer of a going concern (ToGC)
Lease & Title
Available on request
Legals
Each party shall bear their own legal costs incurred in the transaction
E.P.C
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.