Restaurant/cafe for sale in Castle Street, Forfar DD8, £150,000

150,000.00

Offer Nr.:
64655706
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Jackson Surveyors Ltd
Phone(s):
01224 088580

• Entire Building
• Prime Town Centre Location
• Category B Listed
• May be suitable for alternative uses (Subject to Planning)
• Price: Offers over £150, 000
• Rent: Offers over £14, 000 per annum
**Location
**
Forfar is a busy market town in Angus located some 17 miles north of Dundee,
52 miles south of Aberdeen and a short distance to the east of the A90 dual
carriageway. It has a resident population of approximately 14, 000 persons.
The property is in a prominent town centre location on the corner of Castle
Street and West High Street and within the prime retail area of Forfar. Nearby
occupiers include Greggs, Coral and British Heart Foundation.
**Description
**
The subjects comprise a Category B Listed, 3 storey and basement building of
stone construction under a pitched and slated roof. The property benefits from
a large corner window frontage and recessed entrance doorway.
Internally the subjects have most recently been used as a café/restaurant and
comprise seating area, kitchen and disabled toilet at ground floor level with
further seating area and ladies and gents toilets at first floor level. The
second floor is currently being used as storage space. Further storage is
provided at basement level accessed via a floor hatch from the main ground
floor sales area. The upper floors are accessed via a communal staircase which
is shared with the adjoining shop. The property benefits from a dumbwaiter
between the ground floor kitchen and first floor of the building.
**Planning
**
We are advised that the property benefits from Class 3 (Food and Drink)
consent. Other uses may be permissible subject to securing the necessary
planning consent. Interested parties are advised to discuss this with Angus
Council Planning Department.
**Floor areas
**
The subjects provide the following floor areas, measured in accordance with
the RICS Code of Measuring Practice (Sixth Edition)
Ground Floor 70. 13 sq m (755 sq ft)
First Floor 69. 82sq m (751 sq ft)
Second Floor 63. 46 sq m (683 sq ft)
Basement 57. 08 sq m (628 sq ft)
Total 260. 49 sq m (2, 817 sq ft)
**Price
**
Offers over £150, 000 are invited for our clients heritable interest in the
subjects.
**Rent
**
Our client may also consider offers to lease the premises at offers over
£14, 000 per annum.
**VAT
**
Any price/rent quoted is exclusive of VAT which may be applicable.
**Rating assessment
**
The valuation role shows a rateable value of £11, 400 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.
The ingoing occupier may qualify for 100% relief through the Small Business
Bonus Scheme.
**Energy performance certificate
**
The property has an EPC rating of G.
Full documentation is available upon request.
**Entry
**
On conclusion of all legalities.
**Legal costs
**
Each party to bear their own costs in relation to the transaction. The ingoing
occupier will be responsible for payment of LBTT and registration dues if
applicable.
**Closing date
**
Whilst a closing date may not necessarily be set all interested parties are
advised to note their interest with the sole agents.
**Offers / viewing
**
All offers should be submitted in writing to the sole agents who will also
make arrangements to view.

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