The subjects comprise Newly refurbished a ground floor retail unit forming part of a two storey and attic, terrace building of stone construction, under a pitched roof, overlaid in slate.
Internally, the property offers an open plan retail area with disabled access, W.C. and a kitchenette to the rear.
On street parking is available to the front of the subjects together with a number of public car parks in the vicinity. Neighbouring occupiers include The Coffee Pot, Henry Hogg, Clarks and Clintons.
Location
Montrose, with a population of some 13,250 (Angus Council) is one the principal towns within the district of Angus. It is positioned on the north east coast of Scotland approximately 48 km (30 miles) north of Dundee and 61 km (38 miles) south of Aberdeen. The town sits on the main East Coast National Rail Network, linking London and Aberdeen and connects into the trunk road network via the A92 coastal tourist route and A935. Montrose is an important service and employment centre for the north east of Angus and as well as being an attractive place to live, it is a popular destination for visitors, tourists and businesses. The subjects are located in a Prime High Street area of Montrose facing a busy thoroughfare, with excellent footfall.
Accommodation
We calculate the subjects extend to approximately 34.72 sq.m. (373 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
PROPOSAL - Our clients wish to let the property at an asking rent of £8,000 per annum, with the terms of the lease being negotiable.
Our client may also consider a sale of the property.
VAT - For the avoidance of doubt all prices quoted are exclusive of VAT.
LEGAL FEES - Both parties shall be responsible for their own legal costs with the ingoing tenant assuming responsibility for LBTT and registration dues.
PLANNING - We are advised the premises currently benefits from Class 1 (Shops) consent. 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.
RATEABLE VALUE - The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at:
Net and Rateable Value: £8,000.
The Unified Business Rate for the financial year 2016/2017 is 48.4 pence exclusive of water and sewerage. May qualify for relief under the small business bonus scheme. (up to 100% reduction on properties with a rateable value of under £10,000). Please contact us for further details. The Proposed 2017 rating assessment is £5,500.
EPC Rating - G
Specification
- Newly Refurbished
- High Street Retail Unit
- Immediate Entry Available
- Disabled Access
- Net Internal Area 373 sq.ft.
- 100% Rates Relief