11 (A-G) Newtown, Cupar, Fife, KY15

Centre of Residential Area
Opportunity to Purchase Entire Block
Fully Let
Income Producing £17,280p.a.
Block of 6 (1 Bed) Apartments
No ADS (Portfolio of 6)
Price: o/o £240,000

Location

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

Property

The property comprises 6 individual flats contained with a 3 storey
terraced building of traditional stone construction. The building is
rendered externally and surmounted by a pitched and slated roof.
The access is via a centrally positioned entrance, the front elevation
leading to a central close with a staircase providing access to first and
second floors and a further internal stair leading to the attic flat.

Summary

Flat 11A Lounge/bedroom, kitchen and shower room
(Ground Floor)

Flat 11B Lounge/bedroom, kitchen and shower room
(Ground
Floor)

Flat 11C Entrance hall, lounge/bedroom, kitchen and shower room
(First Floor)

Flat 11E Entrance hall, lounge/bedroom, kitchen and shower room
(Second Floor)

Flat 11F Entrance, Hall, lounge/bedroom, kitchen and shower room
(Second Floor)

Flat 11G Lounge, kitchen/dining area, bedroom and shower room.
(Attic Flat)

Executive Summary

Each of the flats is let under Private Residential Tenancies and the current
combined income is £1,440 per calendar month, (£17,280 per annum).

LBTT

Due to the nature of the sale, the transaction will not attract ADS and be treated as a commercial transaction

Sale

The portfolio is available on a freehold basis for o/o £240,000

V.A.T.

The transaction will not be subject to V.A.T.

Legal

Each party shall bear their own legal costs incurred in the transaction

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

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time