FOR SALE

140 High Street, ,

DD11 1HN

RETAIL INVESTMENT

• NEW 5 YEAR FRI LEASE • £9,540 PER ANNUM • OFFERS OVER £72,500 • RPI RENT REVIEWS • 13.2% INITIAL YIELD • PROMINENT RETAIL PITCH IN TOWN CENTRE • GOOD LEVELS OF PARKING • REAR LOADING AND PRIVATE PARKING SPACE • QUALIFIES FOR 100% RATES RELIEF

LOCATION 01

Arbroath is a former royal burgh and the largest town in the council area of Angus in Scotland, and has a population of 23,902. It lies on the North Sea coast, around 16 miles North East of and 45 miles South West of .

The A92 road connects Arbroath to Dundee and to the south west, and in the north east. The A92 joins the A90 north of Stonehaven and leads to Aberdeen further north.

The A92 is dual carriageway from the southern outskirts of Arbroath to the northern outskirts of Dundee, the A92 proceeds through Dundee before crossing the Tay estuary into Fife via the Tay Road Bridge. The A90 can also be reached at Dundee heading both north (to Aberdeen) and south (to Perth and ).

The subjects are located on the western side of High Street at its junction with Ponderlaw Street and at the end of the pedestrianized area allowing for better vehicular access. High Street forms a prime retail pitch within Arbroath.

DESCRIPTION FLOOR AREAS CLOSING DATE ------The subjects comprise a ground floor mid terraced retail From sizes provided by our client, we understand that A closing date may be set and all interested parties property within a parade of similar shops. The property the subject property, measured in accordance with the should make a note of interest at the offices of the Sole has been extended to the rear with a two storey building RICS Property Measurement Professional Statement Agent. We reserve the right to sell the property without with private car parking space and loading area. (First Edition, May 2015) incorporating the setting a closing date and we are not obliged to accept International Property Measurement Standards and the highest or indeed any offer for the sale of the Internally, the subjects provide retail area, office and the RICS Code of Measuring Practice to extend to the property. back shop at ground floor with the first floor providing following approximate gross internal area (GIA): kitchen area and w.c. VAT 103m2/1,110 sq ft st ------As from 1 March 2018, the property is leased to Yard’s Games Ltd trading as “Abbey Video Games.” The N/A tenant has a good local and national following online PROPOSAL (online sales). The lease is drawn along standard FRI ------RATING terms at a passing rent of £9,540 per annum with RPI Offers over £72,500 are sought. VIEWING AND FURTHER linked rent reviews. ------INFORMATION The subjects qualify for 100% rates relief for PLANNING ------EPC 2017/2018. ------Strictly by appointment through the Sole Letting Agent: ------The Rateable Value of the property is £12,100 All queries in relation to planning permission and use class of the subjects should be addressed to Angus G Please contact local rating office for further Sandy Falconer BSc (Hons) MSc MRICS Council Planning Department. information

STIRLING 01786 234 000

PERTH 01738 230 200 Falconer Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars and plan are set out as a general outline only for the guidance of intending MOBILE 07753 340 113 purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct at the date of first issue but any intending purchasers or tenants should not rely on them as statements or representations of fact must satisfy themselves by inspection or otherwise as EMAIL [email protected] to the correctness of each of them: (iii) no person in the employment of Falconer Property Consultants has any authority to make or give any representation or warranty whatever in relation to this property: (iv) all prices and rentals are quoted exclusive of VAT unless otherwise stated. Prospective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. www.falconerproperty.co.uk