212 High Street
Arbroath
Angus
DD11 1HY

Heritable Retail Investment

  • Pedestrianised High Street location
  • Two retail shop units with upper floors
  • Neighbouring occupiers include WH Smith, Ramsdens, Ladbrokes and Greggs
  • Abbeygate Shopping Centre is nearby
  • Lot
    36
  • Auction
    04/Nov/2021
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £197,500
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 212 High Street, Arbroath, Angus, DD11 1HY
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

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)
Air
Dundee Airport (19 miles),
Aberdeen Airport (60 miles)
Situation

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.

Tenure

Heritable.

Description

The property comprises a two storey building with two retail units at ground floor together with staff and storage accommodation at first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

AddressFloorUseFloor Areas
(Approx)
TenantTermRent 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    639 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    907 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP 141 Bothwell Street
Glasgow
G2 7EQ
Pamela Gorman 0141 567 8674pamela.gorman@pinsentmasons.com

Useful Links

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