11A Newtown, Cupar, KY15 4DD
Offers in Excess of
£240,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Residential development for sale
Key features
- Centre of Residential Area
- Opportunity to Purchase Entire Block
- 1 Vacancy
- Income Producing £17,280p.a.
- Block of 6 (1 Bed) Apartments
- No ADS (Portfolio of 6)
- Price: o/o £240,000
Description
Centre of Residential Area
Opportunity to Purchase Entire Block
1 Vacancy
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 (excluding Flat B) 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
Opportunity to Purchase Entire Block
1 Vacancy
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 (excluding Flat B) 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
11A Newtown, Cupar, KY15 4DD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cupar Station0.4 miles
- Springfield Station2.3 miles
- Ladybank Station5.3 miles
Notes
These notes are private, only you can see them.
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