Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment in the heart of Arbroath.
Arranged across ground and first floors totalling 2,656 sq ft, the property is let in its entirety to Sportswift Limited which is the principal covenant for the High Street brand of Card Factory. The tenant renewed their lease in 2018 a rebased rent of £17,500 per annum for a new five year term expiring 29/12/2028.
The lease is on full repairing and insuring terms and includes a tenant break clause in the third year of the term.
The property is situated on the pedestrianised High Street of Arbroath, with nearby occupiers including Superdrug, Farmfoods, and Greggs.
Tenure
Freehold
Rent
Notes
The property is elected for VAT, it is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).
Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.
Joint Agent
Jas Aujla
jas@tsapc.co.uk
07810 717 229