ADDRESS125 - 127 High Street, Arbroath, Angus, DD11 1DP (Ref:867)
TYPERetail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON27th September 2022
Description
The subjects are centrally located within Arbroath with surrounding occupiers being a mix of local and national occupiers at ground floor and office/residential occupiers on the upper floors.
The subjects comprise a terraced 3 storey and attic building of stone construction with a pitched slate roof over.
The accommodation comprises a restaurant at ground floor which trades as Caffe Barista.
The upper floors are self contained offices which can be separately accessed on a floor-by-floor basis and have previously benefited from planning consent for conversion to 3 residential flats.
LEASE TERMS The cafe subjects have been let on full repairing terms trading as ‘Café Barista- since 2nd June 2008. The tenant has extended his lease for a further 10 years until 2028 with a rent review upcoming in 2023.
The passing rent is currently £15,000 per annum.
The upper floors are currently let at £8,000 per annum until 31st March 2024.
A copy of the lease agreements can be made available to seriously interested parties.
TERMS Our client is seeking offers in the region of £250,000 for their freehold interest.
Location
Location:
125 - 127 High Street, Arbroath, Angus, DD11 1DP (Ref:867)GBAngusDD11 1DP129, High Street
