Town Centre Retail Investment
Location
Montrose is located on the east coast of Scotland approximately 30 miles north of Dundee and 38 miles south of Aberdeen. The town has a population of 12,000 people. The A92 and A935 linkthe town to the trunk road network and it has its own railway station that links northwards to Aberdeen and southwards to Edinburgh. More precisely, the subjects are situated on Murray Street, at the north end of High Street, which is in close proximity to the prime retail area in the town.
Additional Details
DescriptionThe premises comrpise a open plan full height retail unit over two storeys within a traditional stone built mid-terraced building under a pitched and slated roof. The subjects benefit from two large timber framed display windows providing ample natural light, with a glazed entrance door fronting Murray Street.
Internally the premises are arranged to provide a front shop retail area split over three levels with WC and small store, and additional storage accommodation to the rear.
AvailabilityWe calculate the net internal area of the accommodation to be as follows:-
| Description | sq m | sq ft |
| Shop | 91.2 | 981 |
The property is let to a private individual operating a gift shop at a rental of £8,500 per annum on a full repairing and insuring basis, expiring on the 24th December 2024 subject to 2 yearly break options.
CostsEach party will be responsible for their own legal costs in connection with this transaction however the purcahse will be liable for Land & Building Transaction Tax, registration dues and VAT incurred thereon in.
VATAll prices, premiums and rents are quoted exclusive of VAT which may be payable.
ViewingStrictly by appointment by the sole agents.
