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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

INCOME PRODUCING INVESTMENT**Prominent town centre location Let investment at £7,500 per annum. Approx. 1,087 sq ft. Ground floor of a three story development. ***VAT FREE INVESTMENT***

Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £7,500p.a.x. Market rental value £9-10,000 Pa. Good growth expected at 2027 rent review. Tenant has been in occupation for over 20 years

There are rent reviews options contained within the occupational leases which provide the potential to increase the current passing rentals. Further information is available on request.

*** HIGH YIELDING INVESTMENT *** monthly rental of £625pcm giving an annual income of £7,500 which gives an EXCELLENT YIELD OF APPROX 10% if achieved for opening bid price.

EXCELLENT LOCATION the town of forfar offers a mix of high-street chains and local independent shops, cafés, banks, and services in the town centre.

IINCOME PRODUCING INVESTMENT**Prominent town centre location Let investment at £7,500 per annum. Approx. 1,087 sq ft. Ground floor of a three story development. ***VAT FREE INVESTMENT*** Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £7,500p.a.x. Market rental value £9-10,000 Pa. Good growth expected at 2027 rent review. Tenant has been in occupation for over 20 years There are rent reviews options contained within the occupational leases which provide the potential to increase the current passing rentals. Further information is available on request. *** HIGH YIELDING INVESTMENT *** monthly rental of £625pcm giving an annual income of £7,500 which gives an EXCELLENT YIELD OF APPROX 10% if achieved for opening bid price. EXCELLENT LOCATION the town of forfar offers a mix of high-street chains and local independent shops, cafés, banks, and services in the town centre.

East High Street stretches from the town center towards Arbroath Road connecting key junctions like North and South Streets, serving as a central spine through town. Just a short stroll from Forfar’s pedestrianised town centre, including multiple supermarkets and banking services. Lined with a mix of independent shops and local services, including cafés, convenience stores, a post office, opticians, and estate agents.

Full Address: 12 East High Street, Let Optician Investment, Forfar, DD8 2EG

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £7,500 per year / £625 per month
Yield: 10% (approx)
Tenant: Company
Notes: Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £7,500p.a.x. The units is situated within a prominent location in the town centre.

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Pricing Information & Bidding

Opening Bid: £74,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 19 June 2025, 10am-3pm
Type: Timed Online Auction

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