Terraced house for sale in Cupar KY14, 4 Bedroom

Reference - 45381

Description
Bruce and Co. Are pleased to offer for sale The Bear Tavern, a popular and very busy free house situated in the coastal village of Newburgh, Fife. The Bear Tavern was purchased by our clients over 10 years ago, during which time it has been trading successfully and has reluctantly been placed on the market by our clients due to health reasons. The property has been very carefully maintained throughout their ownership and is presented in walk in condition with no work required before new owners could commence immediate trading. The business has established an excellent base of loyal clientele from local residents and although the business forms an important part of the local community it also attracts custom due to its location. The business trades currently with wet sales only and although it boasts good trading figures it has further potential to increase turnover with the introduction of food and it also benefits from potential letting rooms above the business premises.

Situation
The Bear Tavern dates all the way back to the 18th century. Newburgh is home to Lindores Abbey, which is rumoured to be the birth place of whisky and construction has already begun on a new distillery which will most likely attract more visitors to the area. The Bear Tavern is situated in the royal ancient burgh of Newburgh on the southern shores of the Firth of Tay around 20 minutes’ drive from Perth and half an hour from Dundee. The town has its own primary schooling and a good array of privately owned shops situated along the main street where the Bear Tavern is located.

Building Internal
The business premises occupy a terraced building which is designed over three storeys. The entrance leads directly into the bar area which is traditionally furnished with wooden tables and chairs. To the rear is the function/games room with fixed booth seating as well as wooden tables and chairs. The business also benefits from a kitchen and cellar located to the rear of the property.

Owners/Letting Accommodation
Owners’ accommodation is located on the upper floors of the property and can be accessed by a separate entrance to the side of the building. The accommodation is a very attractive aspect of this sale due to the potential of it either providing owners’ accommodation, easily accommodating a family, or offering letting accommodation which would undoubtedly increase turnover. The accommodation consists of 4 spacious bedrooms (3 of which have en-suite facilities), family bathroom, lounge with balcony deck, office and kitchen.

Building External
The property also benefits from a garden area to the rear. Parking is on street directly outside.

Services
The property has mains water, drainage, electricity, gas.

License
The business trades with a full license.

Accounts
Accounts will be available once a formal viewing has taken place.

Summary
Excellent opportunity to purchase a popular and well run public house which is well supported by the local community but has huge potential to provide a generous income by utilising the residential the property above.

Price
Offers over £269,999 are sought for the freehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact our office on .