The subjects comprise aground floor retail unit forming part of a three storey andattic, terrace buildingof stone construction,underapitchedroof,overlaidinslate. Internally, the property offers an open plan retail area, office,disabledW.C.,StaffW.C.andkitchentotherear. On street parking is available to the front of the subjects togetherwithanumber of public car parks in the vicinity. Neighbouring occupiers includeWilliamHill, Shelter and OzzieTurkishBarbers.
Location
Montrose, with a population of some 13,250 persons (Angus Council) is one of the principal towns within the Angusregion. It is positioned on the northeast coast of Scotland approximately 48 km(30miles) north of Dundee and61 km(38miles) southofAberdeen. The townsitsonthemaineastcoast national rail network, linkingLondonandAberdeenandconnects into the trunk roadnetworkviatheA92coastal tourist routeandA935
Accommodation
109 SQM (1,173 SQFT)
Terms
RATEABLE VALUE The premises have been assessed for rating purposes and are entered in the valuation role for the current year at: Rateable Value - £13,300 The Unified Business Rate for the financial year 2022/2023 is 49.8 pence exclusive of water and sewerage. The subjects qualify for 100% rates relief via the Small Business Bonus Scheme.
EPC Available on request.
TERMS Our clients are seeking offers over £15,000 per annum for a negotiable term of years. Initial incentives may be available subject to covenant. Alternatively, our clients would consider selling their heritable interest. Offers over £140,000.
VAT All prices quoted are exclusive of VAT.
PLANNING We are advised the premises currently benefit from Class 1 (Retail) consent. All interested parties should make their own enquiries with regards to change of use to Angus Council Planning Department.
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction with the tenant being responsible for any LBTT, registration dues and VAT thereon.
MONEY LAUNDERING The money laundering, terrorist financing and transfer of funds (information on the payer) regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed
Specification
- 100% Rates Relief
- Double Frontage
- Office Accommodation
- Prime Location
- Retail Space
- Suitable for a variety of uses