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3 James Chalmers Road, Arbroath, DD11 3LR

Availability

Sold

Rent

Rent on application

Key Points

  • Modern, high quality contact centre on a prominent corner site fronting onto Forfar Road in the well-established Arbroath Enterprise Park in the Kirkton Industrial Estate.
  • Full Repairing and Insuring Lease to Angus Council until 31st October 2039 subject to tenant only break options in October 2024 and 5 yearly thereafter, on 7 months written notice.
  • Passing rent of £106,433 per annum (£5.28 per sq ft) subject to upwards only 5 yearly rent reviews to the higher of open market value or RPI linked uplifts, next due October 2024.
  • The sub tenant, ESP Systex Holdings Ltd, trading as Journeycall, has been in occupation since 2014.
  • Offers over £900,000 which reflects a capital value per sq ft of £44.62 and a net initial yield of 11.21% subject to the usual purchaser’s costs.
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Get in Touch

See Bio
Gregor Martin Partner

Gregor joined the business 11 years ago from Kenmore Property Group. He is a partner in the Investment team, where he advises on commercial property investment transactions throughout the UK, with particular emphasis on retail, office and industrial assets in Scotland. He acts on behalf of a variety of clients including private investors, property companies, banks and institutional funds.
You'll find Gregor out walking a lot, either with a dog or a set of golf clubs, if not both.
Meet the team