Summary

• Price Reduction
  
• Block of 6 individual flats
  
• Situated in established residential area
  
• Current rental income £17,280 per annum
  
• Low rents offer opportunity to add value
  
• Initial gross yield of 9.60%
  
• Offers in the region of £180,000 are invited

Location

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.

Description

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.
Preliminary advice indicates that structural works may be required. Purchasers are therefore advised to undertake their own investigations to satisfy themselves in this regard