109 – 111 South Street, St Andrews, KY16 9UH

Availability

For Sale

Price

£3,250,000

Description

The property occupies a very prominent corner plot fronting onto South Street at the corner with Logies Lane which is a high footfall vennel connecting the two main retail pitches of Market Street and South Street. 109 South Street is an early 19th century Category B listed stone building and is situated within St Andrews Conservation Area. The separately owned upper floors are in residential use and do not form part of this sale. Trespass have traded from this prominent site since 2006. The retail unit extends over ground and basement floors. Trespass expanded into a ground floor unit to the rear, known as 1-2 Logies Lane, previously occupied by a Sue Ryder charity shop. The entire unit was fully refitted in 2022. 111 South Street (also known as 3-4 Logies Lane) benefits from a Class 3 planning consent and has been a PizzaExpress since 2002. Trading over ground and first floors the unit also benefits from outdoor seating to the front, overlooking the widened section of Logies Lane and The Parish Church of the Holy Trinity. Existing floor plans for both units can be made available in PDF format.

Location

St Andrews is located on Scotland’s east coast, in the region of Fife. It is approximately 47 miles north of Edinburgh Airport. The town is well served by road links to the M90 Motorway via the A91 and A92. There is also a railway station at the nearby village of Leuchars, which is located on the east coast mainline, linking Edinburgh and Aberdeen. St Andrews is known worldwide as “The Home of Golf”, with the famous Old Course being the most frequent venue for The Open Championship, the oldest of golf’s four major championships. The town is also home to the University of St Andrews, founded in 1413, the third oldest university in the English-speaking world and one of the UK’s most prestigious. The University is an integral part of the burgh, and during term time, students make up over one third of the town’s population, with over 10,000 students enrolled in the previous year. St Andrews has a base population of around 17,000 with this number boosted by students and the all year round tourist activity, centred around the area’s renowned golf courses and the internationally acknowledged St Andrews University. A report commissioned by the University of St Andrews in 2017 estimated that the university provided an economic impact to Scotland of £473m gross value added and 9000 full time equivalent jobs.