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11 Newtown, Cupar, KY15

Offers in Region of
£255,000

Business rates & charges may apply

DM Hall, Fife
SIZE

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SECTOR

Commercial development for sale

Key features

  • Block of 6 individual flats
  • Situated in established residential area
  • Current rental income £16,920 per annum
  • Initial gross yield of 5.6% with strong rental growth prospects
  • Offers in the region of £255,000 are invited

Description

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

The subjects are 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.

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.

The flats are a mix of studio style accommodation together with one and two bedroom flats.

Brochures

11 Newtown, Cupar, KY15

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cupar Station0.3 miles
  • Springfield Station2.3 miles
  • Ladybank Station5.3 miles

Notes

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Disclaimer - Property reference ESA2776. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by DM Hall, Fife. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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