Arbroath is the largest town in Angus with a resident population of approximately 25,000 persons and is situated circa 17 miles north east of Dundee. The property occupies an exceptionally prominent position within the pedestrianised section of the High Street being situated directly opposite the Abbeygate Shopping Centre, Arbroath’s only covered shopping centre. Nearby retailers are a mix of local and multiple traders to include Holland & Barrett, William Hill, Greggs and Vision Right Opticians.
The property comprises the ground and first floors within a 2 storey building.
From our measured inspection the unit offers the following areas and dimensions:
Gross Frontage: 20’ 8” (6.29 m)
Net Frontage: 18’ 6” (5.63 m)
Ground Floor: 1,249 ft² (116 m²)
First Floor: 1,424 ft² (132 m²)
Total NIA: 2,673 ft² (248 m²)
The property is offered to the market on the basis of a new full repairing and insuring lease for a duration to be agreed, incorporating regular upward only rent reviews, with rental offers in the region of £14,500 per annum being sought.
All terms are quoted net of VAT where applicable.
The property is entered in the Valuation Roll as follows:
Rateable Value (‘20/’21): £23,000
The property has an EPC rating of ‘G’.
A copy of the Certificate can be provided upon request.
Early entry can be facilitated upon completion of legal formalities.
Each party to be responsible for their own legal costs with the ingoing tenant being responsible for LBTT.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Arrangements to view are strictly through this office.