Licensed Development Opportunity in Lochgelly Fife, Closed Public House for Sale
Lochgelly, Fife
- Status
FOR SALE
- Date Submitted:
24/10/23
- Advert ID
601610
- Reference
1610 / Rightbiz
- Call Agent:
- Freehold: £99,500
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Currently Closed
- Potential for Alternative Use
Business Details
Licensed development Opportunity, Lochgelly (ref 1610)
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.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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