Closed public house. Central trading location in busy Fife town. Roadside location. Lock up property. Ideal Investment opportunity or potential development opportunity (STPP). Rates exempt.
FREEHOLD Guide price - £99,500 plus VAT.
The central Fife town of Lochgelly is situated just off the A92 between the towns of Cardenden and Cowdenbeath. The town has a population of circa. 7,000 residents.
The Kings Arms is located towards the eastern entrance to the town, close to the Lochgelly Centre as well as the High Street.
The subjects are currently fitted as a public bar with furniture and bar fittings in situ.
The availability of The Kings Arms represents an excellent opportunity for a buyer to acquire a freehold property in a busy trading location in a central Fife town. A minimum amount of capital expenditure is required in order that the property could return to a free of tie public house.
Alternatively, subject to Local Authority planning consent, the subjects are attractive for change of use such as hot food, retail or residential. Prospective purchasers should make their own enquiries on this aspect.
The premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005.
We are advised that the rateable value is £9,600. The property is exempt from paying rates.
A guide price of £99,500 plus VAT is sought for the heritable interest in the property and all fixtures & fittings pertaining thereto.
Photos shown are historic internal images and can only be used for guide purposes.
