Situated on Main Retail Parade
Held on Full Repairing & Insuring Lease
Expiry September 2028
Passing Rent: £XXXp.a.
Price: £XXX
Location
The subjects are situated on the East side of Mayfield Terrace, North of its junction with Saint-Ninians Road within a main commercial parade in Arbroath.
Arbroath is located 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,XXXersons. Neighbouring occupiers include Co-Operative Food, Post Office, Spice of Life along with surrounded by residential dwellings.
Subjects
The subjects comprise a ground floor, mid-terrace hot food take away set within a larger single storey commercial development surmounted by a pitched roof overlaid in tile.
The property offers a single frontage with single aluminium framed display window with access gained via a single door leading to an customer ordering / waiting area with large counter. The subjects benefit from partitions to form rear store, w.c. facilities and kitchen area. Internally the subjects benefit from ceramic tile flooring, fluorescent strip lighting recessed within the suspended ceiling.
Area
The subjects have been measured on a Net Internal Area Basis to extend to the following;
Ground: 39.2sqm (422sq ft)
Investment Summary
The subjects are held on a full repairing and insuring lease on the following terms;
Tenant: Personal Name t/a New Beijing Chinese Take Away
Term: Expiry: 1st September 2028
Break Options: Mutual break cycles fall on September 2022 & 2025 providing not less than 6 months notice
Passing Rent: £XXXper annum
Price
Our client is offering their freehold interest in the subjects for £XXX representing a gross initial yield of 10.6%
V.A.T.
Prices quoted are exclusive of V.A.T.
E.P.C.
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Lease
A copy of the lease shall be made available to any seriously interest party.
Viewing
By appointment via the marketing agent