Arbroath Town Centre
Prime Pitch
Rare Commercial & Residential Opportunity
Commercial Space: 611sq ft
Rates Exempt
Incentives Available
Location
The subjects are located on a prominent position on the East side of High St within Arbroath's main retail precinct. Arbroath is located on the East coast of Scotland, 16miles North East of Dundee. Arbroath is a Former Royal Burgh and the largest town in the council area of Angus in Scotland with a population of 24,XXXersons. Neighbouring occupiers include William Hill Bookmakers, Royal Bank of Scotland, WH Smith & Holland and Barrett.
Subjects
The subjects comprise a prominent ground floor retail space with single storey rear extension along with 2 residential dwellings at first and second floors contained within a 3 storey building of traditional construction surmounted by a pitched roof.
The retail unit offers prominent glazed frontage with access via an aluminium framed glazed door leading to the open plan former sales area. Double consultation rooms, staff tea prep and w.c facilities are formed by way of stud partitions within the single storey rear extension which also benefits from back door to a common pend shared with the residential dwellings above.
The first and second floors offer 2 residential dwellings comprising one bedroomed apartment at each floor.
The apartments offer large lounge/dining area, one double bedroom, bathroom and kitchen. The apartments would benefit from a degree of renovation however are in reasonable condition. The apartments are accessed via separate doorway from High St, leading to internal stairwell leading to each apartment plus access to a common rear garden area.
NAV/RV
The commercial element to the demise has been assessed and entered onto the valuation roll with an NAV/RV of:
£XXX
The subjects qualify for 100% rates exemption under the small business rates relief scheme.
Area
The retail space at ground floor has been measured and calculated on a Net Internal Area basis to extend to the following;
Ground: 56.8sqm (611sq ft)
Proposal
Our client is offering the retail element on a new full repairing and insuring lease for a negotiable term for £XXXper annum.
Offers in excess of £XXX are invited for the freehold interest of the demise as a whole.
V.A.T
Prices quoted are exclusive of V.A.T
E.P.C
Available on request
Title
A copy of the title plan of the subjects available request
Viewing
Appointments available by contacting the marketing agent.
Legal
Each party shall bear their own legal costs incurred in the transaction.