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Description

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

INCOME PRODUCING INVESTMENT***Prominent town centre location providing £5,000 per annum. Approx. 460 sq ft. mid terrace ground floor commercial unit. VAT FREE purchase

Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £5,000p.a.x. ***Scope for rental growth at rent review Market rent is £7500-8500 PA

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 £417pcm giving an annual income of £5,000 which gives an EXCELLENT YIELD OF APPROX 9.6% if achieved for opening bid price.

Arbroath on the North East coast just a short distance from Dundee, with many historic attractions and a picturesque harbour.

INCOME PRODUCING INVESTMENT***Prominent town centre location Let investment at £417 per calendar month providing annual income of £5,000. Approx. 460 sq ft. Well maintained unit. Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £5,000p.a.x. The units is situated within a prominent location in the town centre. 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 £417pcm giving an annual income of £5,000 which gives an EXCELLENT YIELD OF APPROX 9.6% if achieved for opening bid price. Arbroath on the North East coast just a short distance from Dundee, with many historic attractions and a picturesque harbour.

Kirk Square lies right off the High Street, close to iconic Arbroath Abbey, with a mix of historic architecture and community spaces and lined with independent retailers, including opticians and local cafés/restaurants on the south side. Arbroath is a charming seaside town in Angus, nestled on Scotland’s North Sea coast, known for its historic roots, vibrant community, and distinctive coastal lifestyle.

Full Address: 1 Kirk Square, Let Optician Investment, Arbroath , DD11 1DX

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £5,000 per year / £417 per month
Yield: 10% (approx)
Tenant: Company
Notes: Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £5,000p.a.x.

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Pricing Information & Bidding

Opening Bid: £52,000

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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