280 High Street, Arbroath, Angus, DD11

A fantastic investment opportunity in the heart of Arbroath, Angus, directly opposite the much visited historic Arbroath Abbey.

The premises being sold are the complete ground floor of offices (all with separately metered electricity supplies). This landmark premises is known as: Abbey Studios Business Centre. The property consists of six offices and a staff kitchen/rest-room plus modern WC and washroom facilities. The whole premises are leased to Scotslion Ltd., on a Full Repairing & Insuring (FRI) Head-Lease. Scotslion Ltd., is a business development company. It sublets each office to a spectrum of businesses. Ranging from new-start enterprises to fully functional established professional firms such as solicitors, dentists, physiotherapists, publishers etc. the sub leases are granted for periods ranging from 6 months to 3 years at the discretion of and as underwritten (rent guaranteed) by Scotslion Ltd.

This is a particularly helpful arrangement for a new property owner as any single office rental voids are covered by the Head Tenant. The new owner of this building will receive a monthly payment regardless of which businesses are long-term or short-term or transitional within the premises.

The current gross rental income for the owner is £16,284 per annum. The purchase guide for this building is £169,000. This property offers a 9.5% return on investment. The building also qualifies for 100% business rates relief, meaning no business rates are due for the foreseeable future.

This property has been professionally renovated. The building underwent extensive renovations in 2020, including roof work, rewiring, replumbing, heat and sound insulation, new fire grade doors and closers, fresh professional redecoration, new carpets and more. The building now fully complies with fire safety regulations and has a modern fire alarm system, plus CCTV security. The building features 10 large plate-glass window panels along the James Street elevation as well as a full-height window on the High Street side. Each room has been renovated with clean white painted walls, white ceiling and blue carpet. In addition, each office is separately metered for electricity usage and the building features a modern pin-number keypad access system. The solicitor firm utilise the keypad access entrance at 280 High Street. The Scotslion/Real Dragons' Den businesses access their offices via the keypad security entrance at Number 1 James Street. Don't miss this opportunity to own a piece of the historic town of Arbroath and take advantage of the excellent rental income!