The property is located in Arbroath town centre in an area of commercial and residential uses. Occupiers in the Brothock Bridge area include Lidl, Bank of Scotland, Home Bargains and Co-operative Food. Abbeygate Shopping Centre is located nearby.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
15 miles north east of Dundee, 51 miles south of Aberdeen
Roads
A90, M90
Rail
Arbroath Station (1 hour 37 minutes to Edinburgh Waverley)
The property is located in Arbroath town centre in an area of commercial and residential uses. Occupiers in the Brothock Bridge area include Lidl, Bank of Scotland, Home Bargains and Co-operative Food. Abbeygate Shopping Centre is located nearby.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property is a modern building planned over basement, ground and two upper floors. The ground floor is fitted out as a banking hall with the basement providing ancillary accommodation. The first and second floors are fitted as offices providing both cellular and open plan space. There is a car park to the rear of the property with approximately 10 car spaces.
VAT
VAT is not applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis.
Telephone: +44 (0)131 552 5191.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a modern building planned over basement, ground and two upper floors. The ground floor is fitted out as a banking hall with the basement providing ancillary accommodation. The first and second floors are fitted as offices providing both cellular and open plan space. There is a car park to the rear of the property with approximately 10 car spaces.
VAT
VAT is not applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis.
Telephone: +44 (0)131 552 5191.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Basement Ground Floor
Ancillary Banking Hall
123.14 sq m 219.64 sq m
(1,325 sq ft) (2,364 sq ft)
NATIONAL WESTMINSTER BANK PLC (t/a RBS)
21 years from 09/06/2005 until 23/06/2026 (1)
£19,000
24/06/2020 (2) 24/06/2025
Basement Ground Floor First Floor Second Floor Third Floor
Ancillary Office Office Office Canteen
104.28 sq m 97.71 sq m 264.32 sq m 174.27 sq m 23.35 sq m
(1) National Westminster Bank Plc have an option to extend their lease by a further 20 years from lease expiry. The tenant has use of 7 car parking spaces at the property. (2) As to the lease in favour of National Westminster Bank, the lease provides for the rent to be reviewed on 24th June 2020 to the higher of Open Market Rental Value or £20,425 per annum exclusive. (3) As to the lease in favour of Thorntons Law, the lease provides for the rent to be reviewed to the greater of Open Market Rental Value or increased by 2.5%. The lease also provides for a tenant option to determine the lease on 27th February 2027.
