The subjects comprise a listed ground floor retail unit, contained within a 19th century two storey tenement block. The property is available for immediate occupation.
The property benefits from a double glazed frontage onto East High Street and is of solid sandstone construction with timer floors to the front and concrete to the rear all contained under a pitched timber and slate roof.
Location
Forfar is one of the principal towns within the Local Authority region of Angus and is situated some 27km (17 miles) north of Dundee and 84km (52 miles) south of Aberdeen, just to the east of the A90 dual carriageway. The town has a resident population of approximately 14,000 persons (source: Angus Council). The subjects are situated in the heart of Forfar Town Centre at a busy section of the East High Street. Surrounding properties are a mix of town centre building types including municipal buildings and multi occupied buildings with retail shops, offices and licensed premises at ground floor level and offices and/or residential units on upper floors. Local occupiers include TSB Bank, Post Office, Subway, Duncan and Todd Opticians and Bet Fred
Accommodation
We calculate the subjects extend to 112.48 sq. m (1,214 sq.ft.) on a gross internal area basis in accordance with RICS Property Measurement Professional Statement (Second Edition, May 2018) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice (Sixth Edition)
Terms
The subjects are supplied with mains water, drainage and electricity
RATEABLE VALUE The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at: Net and Rateable Value: £10,200 The Unified Business Rate for the financial year 2019/2020 is 49 pence exclusive of water and sewerage. The property therefore currently qualifies for 100% rates relief.
PROPOSAL Our client is seeking rental offers in the region of £10,000 per annum for a negotiated period of years. Our client will consider offers for their heritable interest in the property.
ENERGY PERFORMANCE RATING Awaiting further details. VAT All Prices quoted are exclusive of VAT.
LEGAL FEES Both parties shall be responsible for their own legal costs with the purchaser responsible for any Land and Building Taxes (LBTT) and registration dues etc.
Specification
• 100% Rates Relief
• Double Frontage
• Retail Accommodation
• Prime Location
• Busy Thoroughfare
• OIRO £10,000 per annum