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Agent's details

Available for Lease - 20 East High Street, Forfar, Angus, DD8 2EG

To rent: ROA|1,545 |Retail, General Retail, Retail - High Street

Property details

TO RENTROA
SIZE1,545
ADDRESS20 East High Street, Forfar, Angus, DD8 2EG
TYPERetail, General Retail, Retail - High Street
TENURETo Let
POSTED ON1st June 2022

Description

The subject property is located on East High Street, in close proximity to the junction with Castle Street, the main retailing destination within Forfar. Surrounding occupiers are predominantly local traders with some national retailers including Subway and M&Co.

The subject property consists of an attractive bank branch which extends to 1,545 sq ft.

The property is held on an FRI lease which expires on 24th December 2024.

The current passing rent of the property is £14,000 per annum.

We are verbally informed by the Local Rating Authority that the current Rateable Value of the unit is £11,100. The UBR for 2023/2024 is 49.8p and the current Rates Payable are £5,527.80. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.

The subject property has Class 2 consent with a permitted Change of Use to Class 1 retail. There could be potential for Class 3 subject to obtaining necessary planning consent. Interested parties are advised to make their own enquiries with Angus Council Planning Department.

Each party will be responsible for their own legal costs incurred in documenting the transaction. The ingoing purchaser/tenant will be responsible for any Land and Buildings Transaction Tax (LBTT) and Registration Dues, if applicable.

Energy Performance Certificate available on request.

Location

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Location: 20 East High Street, Forfar, Angus, DD8 2EG
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