Arbroath is the largest town in the council area of Angus and has a population of circa 24,000 persons.
The property is located on the west side of High Street at its junction with Ponderlaw Street, occupying a prominent position at the end of the pedestrianised area. Being located at the end of the pedestrianised area the unit allows for easier vehicular access. High Street forms the prime retailing pitch within Arbroath.
The property comprises a mid terrace retail unit within a parade of similar shops offering accommodation over ground and first floors. There is private parking for approximately two vehicles at the rear.
From our measured inspection we would confirm the property extends to the following areas and dimensions:
Gross Frontage: 17’ 5” (5.3 m)
Net Frontage: 15’ 6” (4.7 m)
Ground Floor: 805 ft² (74.78 m²)
First Floor: 57 ft² (5.3 m²)
Total Area: 862 ft² (80.08m²)
The property is offered to the market on the basis of a new full repairing and insuring lease for a period to be agreed, incorporating regular upward only rent reviews. Rental offers in the region of £10,750 per annum are sought.
A copy of the EPC is available on request.
The property is entered in the Valuation Roll as follows:
Description: Shop
Rateable Value (‘23/’24): £6,900
Qualifying parties may benefit from 100% rates relief under the Small Business Bonus Scheme.
Each party to be responsible for their legal costs, with the ingoing tenant being responsible for LBTT together with any costs incurred by the Landlord.
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.
Strictly through this office.