- Passing rent £18,000 per annum
- Offers over £200,000
- NIY 8.77%
LOCATION
The property is located on the east side of Sir William Smith Road within the well established and popular Kirkton Industrial Estate on the western outskirts of the Angus town of Arbroath.
Arbroath has a resident popular of approximately 23,000 and lies on the Angus coast approximately 16 miles north-east of Dundee and 45 miles south west of Aberdeen.
DESCRIPTION
The subjects comprise a semi-detached industrial property which forms part of a small development built in 2010.
The building is of steel portal frame construction with concrete block infill walls and double skin insulated cladding above and to the roof. The property benefits from an electrically operated roller shutter door and gas fired radiator central heating.
Internally the property provides workshop accommodation (part full height and part mezzanine floor), staff kitchen, boardroom and toilet at ground floor level with “wrap around” mezzanine floor providing further workshop accommodation and ladies and gents toilets.
There is a shared parking and unloading area to the front of the building.
FLOOR AREAS
The subjects provide the following gross internal floor areaa, measured in accordance with the RICS Code of Measuring Practice (Sixth Edition)
Workshop 91.25 sq m (982 sq ft)
Workshop (Restricted Height) 281.24 sq m (2,045 sq ft)
Mezzanine 189.99sq m (2,045 sq ft)
Total 471.23 sq m (5,072 sq ft)
LEASE TERMS
The property is leased to PKS Group Ltd until 31st January 2026 at a passing rent of £18,000 per annum. The lease is subject to an upwards only rent review on 1st February 2024. A copy of the lease is available on request.
PRICE
Offers over £200,000 are invited for our clients heritable interest in the subjects reflecting a Net Initial Yield of 8.77% after deduction of standard purchasers costs.
TENURE
Heritable
RATING ASSESSMENT
The valuation role shows a rateable value of £14,900 with effect from 1st April 2023.
The Uniform Business Rate for the year 2023/2024 is 49.8p in the £. Water and waste water rates are also payable.
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of B.
Full documentation is available upon request.
VAT
Any price quoted is exclusive of VAT which may be applicable.
ENTRY
On conclusion of all legalities
OFFERS / VIEWING
All offers should be submitted in writing to the sole agents who will also make arrangements to view.