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Redevelopment Potential Investment, 71-75 Ravensby Park Gardens, Carnoustie, DD7 7NY

0.78 acres / Retail / General Retail

For Sale - £250,000.00

Under Offer - Last updated: 19 May 2020

The property comprises a mixed use development containing two adjoining single storey retail units and a public house. A large car park lies to the rear of the buildings providing ample customer car parking.

The site extends to 0.32 hectares (0.78 acres) providing future opportunity to redevelop the site.

Location

Carnoustie is one of the main towns in the County of Angus and is located approximately 11 miles east of Dundee and 8 miles west of Arbroath on the east of coast of Scotland.

The development is located to the west of the town centre in primarily a residential area. It fronts Barry Road (A930), the main coastal road into the town from the south west and lies immediately to the east of the western link road to the A92.

Accommodation

No 71 - 309.51 sq m (3,332 sq ft)

No 73 - 100.24 sq m (1,079 sq ft)

No 75 - 102.75 sq m (1,106 sq ft)

PLANNING - Carnoustie is contained with the Angus Local Development Plan. This plan confirms that the property sits within the general settlement area, although outside the town centre. The buildings are neither Listed nor are they contained within a Conservation Area.

Terms

PRICE - Our client is seeking offers in excess of £250,000 for their heritable interest. Please note it is their intention to sell the development as a whole rather than in component parts. At this price, the income will return a Net Initial Yield of 10.95%.

LEGAL COSTS - Each party to bear their own legal costs.

VAT - VAT is not applicable.

OFFERS - In the normal Scottish form addressed to this office.

DATE OF ENTRY - To be mutually agreed.

ENERGY PERFORMANCE CERTIFICATE:

No 71 - Rating G

No 73 - Rating G

No 75 - Rating G

RATING ASSESSMENT:

No 71 - Rateable Value - £12,700

No 73 - Rateable Value - £4,500

No 75 - Rateable Value - £4,600

Specification

  • Mixed Use Development
  • Long Term Occupiers
  • Short Term Agreements
  • Redevelopment Potential
  • Current Income £27,940 per annum

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in excess of For Sale Freehold £250,000.00 NA

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Contact agents

Gregor Hinks

Allied Surveyors Scotland

0141 538 9985

Grant Strang

Allied Surveyors Scotland

0141 432 0926



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