Town Centre
Ground Floor
Well Presented Unit
1,087sq ft
Optician & Hearing Clinic
Expiry 2032
Passing £7,500p.a
V.A.T. Free
Sale: £90,000
Location
The property is situated on the south side of East High Street close to its junction with The Cross leading to West High Street within Forfars main commercial thoroughfare. Neighbouring occupiers include, Subway, Ruby Nails, Granny Betty’s, Nickel & Dime and Forfar Tourist Information office.
Forfar is one of the principal towns within the local authority region of Angus and is situated some 27km (17 miles) north of Dundee and 84km (52 miles) south of Aberdeen, just to the east of the A90 dual carriageway. The town has a resident population of approximately 14,000 persons (source: Angus Council)
Property
The property comprises ground floor commercial unit set with a larger three story development of traditional sandstone construction surmounted by a pitched roof.
The property offers a single display window frontage with partially recessed entrance door accessible from street level. Internally the property offers on open plan retailing space with partitions erected to form private consultation room and WC facility to the rear.
Area
100.9sqm (1,087sq ft)
Lease Summary
The property is held on an F.R.I Lease to Duncan & Todd Ltd expiring 3rd July 2032 with a passing annual rent of £7,500per annum. We understand there are no provisions for tenant break options.
Further: Duncan & Todd Ltd are part of the larger Duncan & Todd Group operating Optical and Hearing clinics across Scotland. The group operate 43 units across Scotland employing over 370 staff with brands including; 20/20 Opticians, Duncan & Todd, Browns Opticians, James Hughes amongst others. For the financial year ending 31st March 2024, Duncan & Todd Ltd reported an annual turnover of £27.579m with gross profit of £18.9m showing a 12% increase on the previous year.
Sale
The property is available on a freehold basis for £90,000
VAT
Figures quoted our exclusive of VAT.
Legal
Each party shall bear their own legal course incurred in the transaction
Viewing
While it is a good idea to visit a property investment that has been marketed for sale as a customer before making a formal viewing. It is vitally important that such visits are confidentially and no approaches to be made to the staff operators or customers of the business many investments are being marketed confidentially and the staff and locals may not know that the property is on the market therefore a casual approach can adversely affect the business.
Anti Money Laundering
TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.