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14 Market Place, Arbroath

£1,417 pcm

Property Description

Full description

Tenure: Commonhold

The subjects are located in the town of Arbroath on the East Coast of Scotland, 16 miles north east of Dundee. Arbroath is a former royal burgh and the largest town in the council area of Angus in Scotland, with a population of 24,000 persons.
Specifically, the subjects are located on Market Place within the commercial hub of the town, in a pedestrianised area of Commerce Street. The subjects are located close to High Street, Arbroath Harbour and adjacent to a Wetherspoons public house, neighbouring occupiers include The Corn Exchange, Bank of Scotland, 121 Dental, Missy Mustards & The Pend Guest House.
The subjects comprise a mid terrace restaurant & bar formed over basement, ground and first floors within a larger 3 storey stone building overlaid by a pitched slate roof.
The subjects are accessed for patrons via 3 no. concrete stairs leading to a main reception area at ground floor however access can be gained at street level via 2 no. doorways leading to the basement and the other leading to ground floor.
Internally the ground floor comprises the main bar / restaurant area offering 20 covers via a mix of loose tables and chairs plus fixed back seating plus a further ground floor bar with a further 20 covers. The subjects benefit from dumb waiter from the kitchen in the basement to the ground floor bar area. Further seating is available at 1st floor with a further 24 covers available via loose seating and fixed back with loose tables.
The basement comprises the main kitchen, customer w.c. facilities and storage.
The subjects have been assessed and entered on to the valuation roll with an NAV/RV of £12,700. We understand the subjects benefit from 100% rates relief under the Scottish Government Small Business Rates Relief Scheme.
The subjects are available to let on a new full repairing and insuring lease for a negotiable term for £17,000 per annum. Our client would also consider offers for their freehold interest in the subjects.
Available on request.
All prices and premiums quoted are exclusive of VAT.
Available on request.
Available on request.


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