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Investment Opportunity, 49 High Street, Brechin, DD9 6EZ

1,571 Sq Ft / Retail / Investment

Withdrawn - Last updated: 30 May 2019

The subjects comprise a two and a half storey mid terraced traditionally constructed stone and slate building. The accomodation is sub-divided and comprises a single retail unit and a single hot food take away unit at ground floor level, with first and attic floors comprising a mixture of 1 and 2 bed flats.

Location

The "Cathedral City" of Brechin is one of the principal rural settlements within Angus lying adjacent to the A90 dual carriageway, Brechin affords excellent access to the national and local road networks with the subjects located approximately 30 miles north of Dundee and 40 miles south of Aberdeen.

More precisely, the property is located on the west side of High Street, close to its junction with Castle Street, within the heart of Brechin town centre.

Accommodation

We have measured the accommodation in accordance with the RICS Code of Measuring Practice (Sixth Edition) and calculate the following Gross Internal Areas to be as follows:

Ground Floor - Retail - 29 sq. m. (312 sq. ft)
Ground Floor - Hot Food Takeaway - 117 sq. m. (1,259 sq. ft.)

The upper floors are a mixture of 1 and 2 bed flats with further information available upon request.

Terms

LEASE TERMS/TENANCY
The ground floor retail unit is currently leased to a private individual on a lease expiring in December 2014 at a passing rent of £2,880 per annum.

The ground floor Hot Food Takeaway unit is currently leased to a private individual on a lease expiring in 2021 at a passing rent of £7,800 per annum.

The upper floors are let on Short Assured Tenancies and a tenancy schedule can be made available upon request.

TERMS
Offers over £375,000 are invited for our clients Freehold interest in the subjects.

RATEABLE VALUE
The subjects are presently entered into the Valuation Roll as follows:

Ground Floor Retail - £1,825
Ground Floor Hot Food Takeaway - £4,350
Residential - Band A/B

VAT
All figures are quoted exclusive of VAT however, our client reserves the right to charge VAT if applicable.

ENERGY PERFORMANCE RATING: E+

Specification

  • EXCELLENT INVESTMENT OPPORTUNITY
  • ENTIRE BUILDING
  • RETAIL/HOT FOOD TAKEAWAY/RESIDENTIAL ACCOMODATION
  • OFFERS OVER £375,000


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