3 James Chalmers Road, Arbroath, DD11 3LR

Availability

For Sale

Price

£900,000

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.