Tenanted Commercial Property LOT 108

212 High Street, Arbroath, DD11 1HY
OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 212 High Street, Arbroath, DD11 1HY

SUBSTANTIAL SIZED retail premises over ground and first floors in busy Arbroath Town Centre location. IMMEDIATE RETURN ON INVESTMENT - 20,000 PER ANNUM. Total: 209.23sqm (2,252sq ft) PRIME LOCATION

READY LET COMMERCIAL INVESTMENT. Currently LET to Shoe Zone at 20,000 PER ANNUM on FRI Lease until 23rd June 2024.

PRIME TRADING LOCATION. Neighbouring occupiers include Ramsdens Pawnbroker, Holland & Barrett, William Hill, Greggs, Farmfoods, Argos, Semichem and VPZ.

Situated on the west side of High Street, north of its junctions with Allan Street and Applegate within Arbroath town centre.

SUPER LOCATION in Arbroath on the East Coast of Scotland, 16 miles north east of Dundee. Arbroath is a former royal burgh and the largest town in the council area of Angus, with a population of 24,000

SUBSTANTIAL SIZED retail premises over ground and first floors in busy Arbroath Town Centre location. IMMEDIATE RETURN ON INVESTMENT - 20,000 PER ANNUM. READY LET COMMERCIAL INVESTMENT. Currently LET to Shoe Zone at 20,000 PER ANNUM on FRI Lease until 23rd June 2024. Ground and first floor commercial premises. Internally the property is fitted out in accordance with the tenants corporate specifications, with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. Access to the upper floor is situated to the rear of the demise by way of a single staircase, leading to staff facilities, office and storage. Ground: 134.12sqm (1,444sq ft) 1st: 75.11sqm (808sq ft) Total: 209.23sqm (2,252sq ft) PRIME TRADING LOCATION. Neighbouring occupiers include Ramsdens Pawnbroker, Holland & Barrett, William Hill, Greggs, Farmfoods, Argos, Semichem and VPZ. Situated on the west side of High Street, north of its junctions with Allan Street and Applegate within Arbroath town centre.

SUPER LOCATION in Arbroath on the East Coast of Scotland, 16 miles 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 24,000 persons.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 23rd June 2024
Rent: 20,000 per year / 1,667 per month
Yield: 14% (approx)
Tenant: Company
Notes: Ground floor retail unit Extends to 132 M (1,418 FT) Current rent: 38,000 Pa.

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Location

Pricing Information & Bidding

Opening Bid: £125,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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