160-164 High Street, Arbroath .

Property Details
For Sale

Property Address

High Yielding Retail Investment
160-164 High Street

DD11 1HW
Property Type Investment
Property Size Total - 9,093 sq. ft.
Date Listed February 5, 2018

Property Actions

Property Description

  • Let to Argos Limited and Shelter Trading Limited, both high regarded national retailers;
  • Total passing rent of ¬£53,500 per annum;
  • Argos Limited have a D&B Rating of 5A1;
  • Both units are situated on the pedestrianized section of the High Street, the main retail thoroughfare of the town;
  • Both tenants have been in occupation in excess of 10 years;
  • Argos Limited recently committed to the location by extracting their 2018 break option;
  • We are instructed to seek offers in excess of ¬£425,000 (FOUR HUNFRED AND TWENTY FIVE THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would show an attractive net initial yield of 12.1% after allowing for purchasers costs of 4.01% including LBTT (Land Building and Transactions Tax).

About the Location

Arbroath, the principal county town within the district of Angus, has a resident population of approximately 23,000 persons and given its proximity to the towns of Montrose, Brechin and Forfar the town draws from a significant catchment area. The town is situated approximately 17 miles north east of Dundee and 77 miles north of Edinburgh.

The subject properties are situated on the west side of the pedestrianised High Street, close to the entrance of the Abbeygate Shopping Centre. The High Street is the prime retailing thoroughfare of the town. Occupiers in the immediate vicinity include Superdrug, Timpson, H Samuel, Boots and Farmfoods.

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