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8 E&W Bonnygate & 22 Bonnygate 2 Retail Properties Offered at $230,000 in Cupar
INVESTMENT HIGHLIGHTS
- Located centrally in Cupar
- Lots of foot traffic
EXECUTIVE SUMMARY
This is the opportunity to purchase the heritable interest, subject to and with the benefit of the existing leases in place. The tenancies of the properties are as follows;
8 [EAST SHOP] BONNYGATE, Tenant: Awder Noori Fars t/a Kalar Vape, Lease: 5 years from 28th February 2025, Rent: £9,600 per annum, [No VAT applicable]#
8 [WEST SHOP] BONNYGATE, Tenant: Abdenour Hechiche t/a Fone Box, Lease: 10 years from 2nd September 2024, Rent: £6,600 per annum, years 1 – 5., £7,200 per annum, years 6 - 10 [No VAT applicable]
22 BONNYGATE, Tenant: Kenney Murray t/a Elite Framing, Lease: Until 27th May 2030, Rent: £7,500 per annum exclusive of VAT., Note: Tenant has been in occupation since December 2014., Total Rent Passing - £23,700 per annum.
There is no VAT payable on the purchase price of 8 [East Shop] & 8 [West Shop] Bonnygate. VAT at the prevailing rate will be applicable on 22 Bonnygate however, it is anticipated that any sale will be treated by way of a Transfer of a Going Concern [TOGC] and therefore no VAT will be due.
8 [EAST SHOP] BONNYGATE, Tenant: Awder Noori Fars t/a Kalar Vape, Lease: 5 years from 28th February 2025, Rent: £9,600 per annum, [No VAT applicable]#
8 [WEST SHOP] BONNYGATE, Tenant: Abdenour Hechiche t/a Fone Box, Lease: 10 years from 2nd September 2024, Rent: £6,600 per annum, years 1 – 5., £7,200 per annum, years 6 - 10 [No VAT applicable]
22 BONNYGATE, Tenant: Kenney Murray t/a Elite Framing, Lease: Until 27th May 2030, Rent: £7,500 per annum exclusive of VAT., Note: Tenant has been in occupation since December 2014., Total Rent Passing - £23,700 per annum.
There is no VAT payable on the purchase price of 8 [East Shop] & 8 [West Shop] Bonnygate. VAT at the prevailing rate will be applicable on 22 Bonnygate however, it is anticipated that any sale will be treated by way of a Transfer of a Going Concern [TOGC] and therefore no VAT will be due.
PROPERTY FACTS
| Price | $230,000 | Number of Properties | 2 |
| Price / SF | $140.16 / SF | Individually For Sale | 0 |
| Cap Rate | 10.09% | Total Building Size | 1,641 SF |
| Sale Type | Investment | Total Land Area | 0.03 AC |
| Status | Active |
| Price | $230,000 |
| Price / SF | $140.16 / SF |
| Cap Rate | 10.09% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,641 SF |
| Total Land Area | 0.03 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 8E-8W Bonnygate W, Cupar KY15 4BP | Retail | 1,050 SF | 1900 | - |
| 22 Bonnygate, Cupar KY15 4LE | Retail | 591 SF | 1850 | - |
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8 E&W Bonnygate & 22 Bonnygate
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