The subjects comprise retail premises contained over the ground and basement floors of a three storey and basement, mid terrace building of traditional stone and slate construction.
Externally the subjects are due to be extensively refurbished including repairs to the roof and the stonework in addition to new shop fronts.
Internally, the subjects are arranged in accordance with their current sandwich shop use providing a main retailing/counter area to the front, leading to a kitchen area with storage and toilet facilities to the rear. A further store area is located on the basement floor and this is accessed via the rear of the premises.
While the property can be provided as vacant premises there is also the option to purchase the existing tenants trade fixtures and fittings. Further information in this regard is available from the Marketing Agents.
Location
Cupar is a former market town in north east Fife having a resident population of around 9,000 but which also serves as a centre for a large rural hinterland. The town contains a mixed range of retail and commercial businesses in the busy town centre with established industrial and other light commercial users located within Prestonhall Industrial Estate and the adjacent Cupar Trading Estate and Eden Valley Business Park, all located on the eastern outskirts of the town.
Cupar lies approximately 15 miles north east from Glenrothes, the main administrative and commercial centre for the area, while the historic University town of St Andrews is some 9 miles due east. The Cities of Perth and Dundee are within convenient travelling distance while the town also benefits from a mainline railway station, together with good road links which provide easy access to the Central Scotland motorway network.
The subjects are located on the northern side of Bonnygate, one of Cupar’s busiest retail thoroughfares providing a considerable level of both vehicular and pedestrian passing traffic.
Bonnygate lies within the town centre and is therefore home to a number of both local and national occupiers with nearby businesses including William Hill, Subway and a local hairdressing salon.
Accommodation
We calculate that the subjects extend to the following gross internal areas:-
Ground Floor – 34.63 sq m (372 sq ft)
Basement – 31.15 sq m (335 sq ft)
Terms
ENERGY PERFORMANCE CERTIFICATE:
The property has an C Energy Rating and a copy of the EPC is available on request.
ASSESSMENT:
We have consulted the Scottish Assessors’ Assessors website (www.saa.gov.uk) and note that the premises are entered into the current Valuation Roll as follows:
Rateable Value: £XXX
The Unified Business Rate for the financial year 2018/2019 is £XXXp
From the 1st April 2017 the Small Business Bonus Scheme was amended to reflect 100% reduction on under £XXX (subject to the necessary criteria), ultimately leading to a full 100% discount for this property.
LEASE TERMS:
The subjects are offered on a standard full repairing and insuring lease for a period to be negotiated incorporating rent reviews at appropriate intervals.
RENTAL OFFERS:
Offers of £XXX per annum exclusive are invited.
VAT:
All figures quoted are exclusive of VAT if applicable.
ENTRY:
Upon completion of legal arrangements.
Specification
- Well located town centre retail premises
- Busy main road frontage
- Ground and Basement levels