James Chalmers Rd | Arbroath DD11 3RQ
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- LoopNet Team
James Chalmers Rd
Arbroath DD11 3RQ
Office / Industrial Unit · Light Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Modern, high quality contact centre on a prominent corner site fronting onto Forfar Road in the well-established Arbroath Enterprise Park
- 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
- Offers over £900,000 which refl ects a capital value per sq ft of £44.62 and a net initial yield of 11.21% subject to the usual purchaser’s costs
- Full Repairing and Insuring Lease to Angus Council until 31st October 2039 subject to tenant only break options in October 2024 and 5 yearly
- The sub tenant, ESP Systex Holdings Ltd, trading as Journeycall, has been in occupation since 2014
PROPERTY FACTS
| Property Type | Light Industrial | Year Built | 2005 |
| Costar Property Class | B | Tenancy | Single |
| Net Internal Area (NIA) | 20,500 sq ft | Parking Allocation | 4.87/1,000 sq ft |
| No. Floors | 1 |
| Property Type | Light Industrial |
| Costar Property Class | B |
| Net Internal Area (NIA) | 20,500 sq ft |
| No. Floors | 1 |
| Year Built | 2005 |
| Tenancy | Single |
| Parking Allocation | 4.87/1,000 sq ft |
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