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2-4 Glengate, Kirriemuir, Angus, DD8

Offers Over 1,194 sq. ft. | £70,000

Property Description

Commercial information

  • 1,194 sq ft (110 sq m)
  • Use class orders: A1 Shops and A3 Restaurants and Cafes

Key features

  • Attractive Class 3 Investment
  • Town Centre Location
  • Let Until December 2020
  • First Floor Flat Included
  • Offers over £70,000 exclusive invited

Full description

Tenure: Freehold

LOCATION:
The property is located on the southside of Glengate, an extension of the High Street on the main A928 road route through the village of Kirriemuir. The surrounding area is given over to predominantly commercial usage with nearby occupiers including Interflora, Co Operative Food and a number of local operators.

The Angus town of Kirriemuir lies approximately 5 miles Northwest of Forfar and is principally accessed via the main A926 Blairgowrie to Forfar road route which skirts the southern outskirts of the town.

Kirriemuir has a population of approximately 5,000 and lies at the foot of the Angus Glens and therefore the town is a popular destination for those looking for various outdoor pursuits including golfers and walkers.


DESCRIPTION:
The subjects comprise a ground floor and basement Class 3 unit,
contained within a 2 storey and basement stone built property. The
building is contained under a flat roof.

The property benefits from a height timber/glazed display window
with return frontage. Access is taken via a timber/glazed entrance
door.

Internally the subjects comprise a traditional café/bakery with a
customer seating area to the front shop, preparation area and store
to the rear. Appropriate ancillary accommodation is located to the
rear with further storage within the basement.

A further one bedroom flat is included within the first floor benefiting
from its own external access.

ACCOMMODATION:
The premises have been measured in accordance with RICS Code
of Measuring Practice - 6th Edition. The net internal floor areas have
been calculated as being approximately as follows:

Ground Floor: 74.6 sq.m (803 sq.ft)
Basement: 36.4 sq.m (392 sq.ft)

Total NIA: 111 sq.m. (1194 sq.ft.)

RATING ASSESSMENT:
With reference to the Scottish Association Assessors' website, the subjects are noted to have a Rateable Value of £4,550.

It should be noted that under the terms of the Small Business Bonus Scheme, the property may be eligible for 100% rates relief however; this situation should be confirmed directly with the Local Authority.


LEASE INFORMATION:
The subjects are currently leased to a local café/ bakery until December 2020 at a passing rent of £4,800 per annum, with a rent review due in December 2017. The subjects are let on standard Full Repairing and Insuring terms.


PRICE:
Offers over £70,000 are sought for the benefit of our clients heritable interest.

All expressions of interest and offers should be forwarded to the sole selling agent as below.


EPC:
A copy of the EPC can be made available on request, however the rating is G


VAT:
All prices quoted are exclusive of VAT.


LEGAL COSTS:
Each party will be responsible for the payment of their own legal costs. The incoming purchaser will be responsible for the payment of any Land and Buildings Transaction Tax and VAT incurred.


ENTRY:
Upon completion of legal formalities.


FURTHER INFORMATION:
Strictly by contacting the sole selling agents:-

DM Hall
13 Wemyssfield
Kirkcaldy
KY1 1XN

Tel: 01592 598 200

Email: fifeproperties@dmhall.co.uk


VIEWING:
Strictly by arrangement with the agents.


More information from this agent

Energy Performance Certificates (EPCs)

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