- Prominent town centre shopping centre approx. 4,100.18sqm (44,134sq ft) Includes car parking for 205 vehicles
- Tenants at the centre include Greggs, Poundland, Home bargains & Specsavers
- Occupies a total site area of approximately 3.75 acres
- Potential for future redevelopment on the car park with potential for additional income from EV charging (subject to all consents)
- Active Asset management opportunity (2) (3) (4) (5) (6) & (10)
- Passing Rent: £273,813p.a.x.
- Price: o/o £950,000
Location
Arbroath is positioned on the north-east
coast of Scotland approximately 29 km (18
miles) north-east of Dundee, within the
Local Authority region of Angus.
The town, which is the largest of the Angus
towns, has a resident population of some
23,500 persons (Source: Angus Council).
The Abbeygate Shopping Centre,
comprising a purpose-built mall constructed
in 1984, is located at the heart of Arbroath
on High Street and is the focal point of the
town’s retail offering, providing
approximately 53,925 sq ft of sales, ancillary
and storage accommodation, the centre
offers 18 individual retail units at ground
floor level. In addition, it offers some
storage, offices and a residential flat above.
The centre is formatted in an ‘L’ shape with
retail units lining the parade that branches
west off the High Street. The internal specification of individual units varies throughout the centre however the majority of the units benefit from substantial glazed frontages, WC facilities and
dedicated loading and storage access at the
rear.
There is a large car park (approximately 205
spaces) serving the centre with access off
Gravesend.
PLANNING
The property and car park may lend itself to a variety of alternative uses and redevelopment, subject to obtaining all the necessary consents. The Seller has advised that their is interest from Trade counter/ Retail occupiers to create a 10,000 sq ft unit on the car park, alternatively for 4 blocks of 3 storey flats, total of 24 flats, subject to all agreements and consents. It may also be possible to create potential EV charging.
Further information via the joint agent and local authority.
Website: https://www.angus.gov.uk/planning_and_building
Executive Summary
Sale
Our client is inviting offers in excess of £950,000 for their freehold interest
V.A.T.
The transaction will attract V.A.T however may be treated as a Transfer of a Going Concern
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
Available by appointment
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