The subjects form part of an impressive Category ‘C’ Listed building that was formally occupied by Clydesdale bank.
The main walls are of stone construction with the roof over being pitched and clad in slate.
The property is planned over the ground floor and provides good quality accommodation across two levels.
Location
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).
The subjects are situated in the heart of Forfar Town Centre at a busy section of the Castle Street.
Surrounding properties are a mix of town centre building types including municipal buildings and multi occupied buildings with retail shops, offices and licensed premises at ground floor level and offices and/or residential units on upper floors.
Local occupiers include Santander, Costa, Chest Heart and Stroke Scotland, Nationwide and Jarvis Brothers.
Accommodation
We calculate the subjects extend to 162.11 sq. m (1,745 sq.ft.) on a net internal area basis in accordance with RICS Property Measurement Professional Statement (First Edition, May 2015) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice (Sixth Edition).
Terms
SERVICES
The property is understood to connect to mains supplies of water and electricity and drain into the main sewer.
RATEABLE VALUE
The premises have been assessed for rating purposes and the current rateable value is £XXX
The Proposed Unified Business Rate for the financial year 2018/2019 is 46.6 pence exclusive of water and sewerage.
Rates Payable £XXX
May qualify for relief under the small business bonus scheme. (up to 100% reduction on properties with a rateable value of under £XXX). Please contact us for further details.
ENERGY PERFORMANCE CERTIFICATE
Awaiting assessment.
PROPOSAL
The subjects are available at an asking rent of £XXX per annum, on a sub-lease or assignation with incentives available depending on covenant.
Currently the property is held on a FRI lease expiring June 2023.
LEGAL COSTS - Both parties shall be responsible for their own legal costs with the ingoing tenant responsible for any Land and Buildings Transaction Tax (LBTT) and registration dues etc.
VAT
The asking rent excludes VAT, if applicable.
PLANNING
We are advised the premises currently benefits from Class 2 (financial, professional and other services) consent, though other uses may be possible.
All interested parties should make their own inquiries with regard to Angus Council Planning Department to satisfy themselves with regard to the current planning position and proposed uses.
Specification
- Class 2 (financial, professional and other services) Use
- Prime Location
- Suitable for a variety of uses (Subject to Planning)
- Immediate Entry Available
- Net Internal Area 1,745 sq.ft (162.11 sq.m)