MULTI-LET OFFICE INVESTMENT FOR SALE – ARBROATH

For Sale
  • Offers Invited
  • Property Type:
  • Location:
  • Floors: 2
  • Parking: Yes
  • Sq Ft: 13,000
  • 13,000 FT2 OVER TWO FLOORS
  • OFFERS INVITED
  • GROUND FLOOR IS FULLY LET
  • PRIVATE PARKING
  • LINKS TO MAIN ARTERIAL ROUTES

LOCATION

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Arbroath is a former royal burgh and the largest town in the council area of Angus in Scotland and has a population of 23,902. It lies on the North Sea coast, around 16 miles Northeast of Dundee and 45 miles Southwest of Aberdeen.

The A92 road connects Arbroath to Dundee and Fife to the southwest, and Stonehaven in the northeast. The A92 joins the A90 north of Stonehaven and leads to Aberdeen further north.

The A92 is dual carriageway from the southern outskirts of Arbroath to the northern outskirts of Dundee, the A92 proceeds through Dundee before crossing the Tay estuary into Fife via the Tay Road Bridge. The A90 can also be reached at Dundee heading both north (to Aberdeen) and south (to Perth and Edinburgh).

The subjects are located on the southern side of Grant Road on one of the town’s main roundabouts with nearby occupiers including Morrisons supermarket and Screwfix.

DESCRIPTION

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The subjects comprise a two-story detached office building with good private parking provided.

The whole of the ground floor is let to Angus Carers Association (Charity No SC026052)  from September 2015 until August 2030 which has a rent of £42 000 per annum.

The first floor has 2 leases in place as follows:

1 – A I year lease from December 2021 by Dundee and Angus ADHD Support Group SCIO which has a rent of £13,000 per annum.

2 – A month to month Licence from January 2017 by Tenant Ark Housing Association Ltd which has a rent of £7,800 per annum.

PROPOSAL

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Offers are invited for the Heritable (freehold) interest. Leases/Licences can made available to parties after viewing or on application.

FLOOR AREAS

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Due to Covid we were unable to inspect all the offices but from plans/assessor’s web site the gross internal floor area extends to approx. 1,209m²/13,000ft². Prospective purchasers can carry out a detailed size survey if required.

PLANNING

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All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Angus Council Planning Department.

CLOSING DATE

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A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent.  We reserve the right to sell the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale of the property.

RATING 

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The property is valued in two different sections:

Ground Floor Rateable value – £37,600.

First Floor Rateable value – £38,300.

EPC

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Available upon request.

VAT 

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All prices, premiums and rents quoted are exclusive of VAT.

PUBLICATION DATE 16/03/2022

Price:Offers Invited
Address:8 Grant Road
City:Arbroath
Postcode:DD11 1JN
Floors:2
Square Feet:13,000
Parking:Yes
Property Type:Office Investment
Tagged Features:

Location Map