Passing rent £18, 000 per annum
Offers over £200, 000
niy 8. 77%
**Location
**
The property is located on the east side of Sir William Smith Road within the
well established and popular Kirkton Industrial Estate on the western
outskirts of the Angus town of Arbroath.
Arbroath has a resident popular of approximately 23, 000 and lies on the Angus
coast approximately 16 miles north - east of Dundee and 45 miles south west of
Aberdeen.
**Description
**
The subjects comprise a semi - detached industrial property which forms part of
a small development built in 2010.
The building is of steel portal frame construction with concrete block infill
walls and double skin insulated cladding above and to the roof. The property
benefits from an electrically operated roller shutter door and gas fired
radiator central heating.
Internally the property provides workshop accommodation (part full height and
part mezzanine floor), staff kitchen, boardroom and toilet at ground floor
level with “wrap around” mezzanine floor providing further workshop
accommodation and ladies and gents toilets.
There is a shared parking and unloading area to the front of the building.
**Floor areas
**
The subjects provide the following gross internal floor areaa, measured in
accordance with the RICS Code of Measuring Practice (Sixth Edition)
Workshop 91. 25 sq m (982 sq ft)
Workshop (Restricted Height) 281. 24 sq m (2, 045 sq ft)
Mezzanine 189. 99sq m (2, 045 sq ft)
Total 471. 23 sq m (5, 072 sq ft)
**Lease terms
**
The property is leased to pks Group Ltd until 31st January 2026 at a passing
rent of £18, 000 per annum. The lease is subject to an upwards only rent review
on 1st February 2024. A copy of the lease is available on request.
**Price
**
Offers over £200, 000 are invited for our clients heritable interest in the
subjects reflecting a Net Initial Yield of 8. 77% after deduction of standard
purchasers costs.
**Tenure
**
Heritable
**Rating assessment
**
The valuation role shows a rateable value of £14, 900 with effect from 1st
April 2023.
The Uniform Business Rate for the year 2023/2024 is 49. 8p in the £. Water and
waste water rates are also payable.
**Energy performance certificate
**
The property has an EPC rating of B.
Full documentation is available upon request.
**VAT
**
Any price quoted is exclusive of VAT which may be applicable.
**Entry
**
On conclusion of all legalities
**Offers / viewing
**
All offers should be submitted in writing to the sole agents who will also
make arrangements to view.

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