Unsold Lots

Description

The property comprises a ground floor retail unit fronting onto East High Street which is operating as a furniture store. It has a gross internal floor area of approximately 504 sq.m and, at the rear, is a surfaced car park extending to approximately 700 sq.m. There are 2 first floor flats above the front part of the premises which do not form part of the sale. The property is constructed with concrete floors and brick/block walls that are harled externally. The front part of the property has a concrete tiled pitched roof. The rear part of the store is of single storey height and has a felt covered flat roof, which has a shallow fall to a central valley gutter.

Accommodation

The shop has a glazed frontage onto East High Street and measures internally 11.3m wide x 29.2m deep. At the rear is a small partitioned office which has a tiled floor, cement rendered walls and a false tiled ceiling. The shop also has rear access to the car park behind. Adjoining one side of the shop is ancillary accommodation which can be either accessed internally from the shop or from the car park to the rear. It includes: (i) a store of 101 sq.m, with painted brick walls and a 3.8m high concrete ceiling, (ii) a staff room of 8 sq.m, (iii) separate gents and ladies toilets, (iv) a rear store of 41 sq.m with a set of double doors leading to the car park, (v) a boiler room and adjoining small storage room.

Location

The property is located on East High Street, the main retail street running through the centre of Forfar. It occupies a corner site at the edge of the Town Centre at a crossroads with North and South Streets, where roads from Arbroath, Montrose, Carnoustie & Muirden meet. Forfar has a population of circa 13,500 and is the administrative centre of Angus Council. It is centrally located on the east side of Scotland with Aberdeen 50 miles to the north and Dundee 15 miles to the south. The A90 skirts the town, a dual carriageway that is the main arterial road linking Scotland's Central Belt with the North East. Nearby properties on East High Street include several licensed premises, a solicitor's office, a range of small retail outlets and some residential properties.

Internal Floor Areas

• Shop, incl. office 325 sq.m (3,500 sq.ft)
• Store 101 sq.m (1,090 sq.ft)
• Rear store 41 sq.m (440 sq.ft)

Services

Mains electricity, drainage, water & gas. The shop is heated by a warm air system, from a mains gas fired boiler located in the boiler room.

Rear yard & car park

Adjoining the rear of the store, with access directly off North Street, is a surfaced yard and car park extending to approx. 700 sq.m. Roughly square in shape, it has average dimensions of approx. 23m x 31m.

Planning

The local planning authority is Angus Council, County Buildings, Market Street, Forfar, DD8 3WR, Tel: 01307 461460, Fax: 01307 473388, email: planning@angus.gov.uk.

Rateable value

£17,800

Tenure

Owner

Tenancy

The property is let for use as a furniture shop, or other such class 1 use as may be approved by the landlords, for a term of 15 years from 23 June 2005 until 22 June 2020 to Mr G R McKenzie a rent of £20,000 per annum. Both parties can terminate the lease on the fifth and tenth anniversaries subject to giving the other party at least 6 months prior written notice. The rent is to be reviewed as from 23 June 2010 and in every 5th year of the lease and shall be the greater of the passing rent or the open market rent. The lease is on a full repairing and insuring basis. An increase in the annual rent to £20,300 p.a. has been agreed for the rent review in June and this is in the process of being documented.

Viewing

By arrangement through the Auctioneers, SVA Property Auctions Ltd, Tel: 0131 624 6640.