Heritable Retail Investment
Heritable Retail Investment
Arbroath is the largest town in Angus with a population of over 23,000 people. The property is located on the main retail street in Arbroath town centre. The property is located on High Street close to its junction with Allan Street. Neighbouring occupiers include WH Smith, Ramsdens, Ladbrokes, Greggs and Farmfoods. The Abbeygate Shopping Centre is located nearby.
Heritable.
Arbroath is the largest town in Angus with a population of over 23,000 people. The property is located on the main retail street in Arbroath town centre. The property is located on High Street close to its junction with Allan Street. Neighbouring occupiers include WH Smith, Ramsdens, Ladbrokes, Greggs and Farmfoods. The Abbeygate Shopping Centre is located nearby.
Heritable.
The property comprises a two storey building with two retail units at ground floor together with staff and storage accommodation at first floor.
VAT is applicable to this lot.
Six Week Completion
See legal pack at www.acuitus.co.uk
The property comprises a two storey building with two retail units at ground floor together with staff and storage accommodation at first floor.
VAT is applicable to this lot.
Six Week Completion
See legal pack at www.acuitus.co.uk
| Address | Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|---|
| Unit 3, 212 High Street |
Ground First |
Retail Ancillary |
134.12 sq m 75.11 sq m |
(1,444 sq ft) (808 sq ft) |
SHOE ZONE RETAIL LIMITED t/a Shoe Zone (1) |
15 years from 24/06/2009 to 23/06/2024 (2) |
£20,000 |
| Unit 4, 212 High Street |
Ground First |
Retail Ancillary |
171.65 sq m 75.14 sq m |
(1,848 sq ft) (808 sq ft) |
SPORTSWIFT LIMITED (t/a Card Factory) (3) |
15 years from 30/12/2008 to 29/12/2023 (4) |
£20,000 |
| Total |
456.02 sq m |
(4,908 sq ft) |
£40,000 | ||||
(1) For the year ending 03/10/2020, Shoe Zone Retail Limited reported a turnover of £122,568,000, and a net worth of £13,487,000. Shoe Zone operates from over 400 stores throughout the UK and the company employs over 3000 people.
(source: NorthRow 12/10/2021)
(2) Having re-geared its lease in Arbroath in June 2019 for a further 5 years, there is a tenant break option on 24/06/2022 on three months written notice.
(3) The year ending 31/01/2020 Sportswift Limited reported a turnover of £433,400,000, a pre tax profit of £67,672,000 and a net worth of £48,398,000. (source: NorthRow 12/10/2021).
The company opened their first store in 1997 and now trade from over 1000 stores in both the UK and Ireland and have over 8,000 employees
(4) Sportswift Limited (t/a Card Factory) re-geared its lease in December 2018 for a further 5 years..
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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