Light industrial for sale in 3 Riggs Place, Cupar KY15, £350,000
350,000.00
Offer Nr.:
65638341
Type of ad:
for Sale
Property type:
Light industrial
Contact name:
DM Hall LLP Fife
Phone(s):
01383 697994
Email:
The subjects comprise a series of interconnecting industrial buildings with a
separate office building to the front. The industrial units have been
developed in phasesand comprise an original brick element with pitched
asbestos cement panel roof sections, whilst more modern additions are of steel
framed
construction with profiled metalcladding.
The rearmost warehouse buildings were developed in the late 1980s on land that
is held on a ground lease from Fife Council. The lease runs until February
2087and incorporates an option for the tenant to extend the term beyond this
for a further 25 years. The current ground rent is £6, 000 per annum and is
subject to 5 yearlyrent reviews. The heritable land and buildings are shown
coloured pink on the plan below and the leasehold areas coloured blue.
The industrial buildings benefit from thefollowing specification:
• Male and female toilet facilities
• Office accommodation
• 3 phase power supply
• Minimum eaves height of approximately 3. 1 metresrising to 8. 5 metres in
high bay element.
• 2 dock height electrically operated roller shutter loading doors
• Rear service yard and parking area
The former 2storey office building to the front of the site provides
accommodation across a variety of cellular rooms. The property now requires
some remedial work but may have scopefor redevelopment for alternative use
subject to receipt of the appropriate consents.
LocationCupar has a resident population of approximately 9, 000 and is one
Fife’sprincipal towns. Dundee lies approximately 14 miles to the north, Perth
25 miles to the north west and Edinburgh circa 45 miles to the south. The town
benefits fromhaving a railway station providing easy access to the Scottish
rail network and all major cities. Cupar is located on the A91 that connects
to St Andrews to the east andthe M90 to the west that in turn connects to the
Scottish motorway system.
Riggs Place is located on the southern edge of town centre, opposite Cupar
Retail Park.Occupiers in the vicinity include Tesco, B&M, Burger King and
Costa Coffee.
separate office building to the front. The industrial units have been
developed in phases
asbestos cement panel roof sections, whilst more modern additions are of steel
framed
construction with profiled metal
The rearmost warehouse buildings were developed in the late 1980s on land that
is held on a ground lease from Fife Council. The lease runs until February
2087
for a further 25 years. The current ground rent is £6, 000 per annum and is
subject to 5 yearly
coloured pink on the plan below and the leasehold areas coloured blue.
The industrial buildings benefit from the
• Male and female toilet facilities
• Office accommodation
• 3 phase power supply
• Minimum eaves height of approximately 3. 1 metres
high bay element.
• 2 dock height electrically operated roller shutter loading doors
• Rear service yard and parking area
The former 2
accommodation across a variety of cellular rooms. The property now requires
some remedial work but may have scope
subject to receipt of the appropriate consents.
LocationCupar has a resident population of approximately 9, 000 and is one
Fife’s
25 miles to the north west and Edinburgh circa 45 miles to the south. The town
benefits from
rail network and all major cities. Cupar is located on the A91 that connects
to St Andrews to the east and
Scottish motorway system.
Riggs Place is located on the southern edge of town centre, opposite Cupar
Retail Park.
Costa Coffee.
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