Page 57 - Shepherd Commercial Auctions - Catalogue 07/12/2023

Lot 46 85 High Street, Montrose, Angus DD10 8QY Retail Investment
Features
• Leased to Jax Mixed Martial Arts expiring February 2030 • Passing rent £12,240 per annum
• Tenant break option February 2025
• NIA 241.6 sq. m. (2,600 sq. ft.)
• Suitable for a range of commercial uses
Description
The property comprises the ground floor of a 4-storey mixed use traditional development with single storey extension.
The property offers a café / retailing space to the front with counter, ceramic tile flooring and partitioned preparation area.
The rear is separated by a stud partition offering a large open plan area utilised as an MMA training space with floors overlaid in padded tile with canvas overlay. Walls have been painted and decorated with lighting provided by fluorescent strips and L.E.D spots within the suspended acoustic tile ceiling. W.C’s, are located to the rear along with fire escapes.
Location
Montrose is located on the North-East Coast of Angus and is an important service and employment centre for North Angus and the southern parts of Aberdeenshire.
Montrose is well located with Aberdeen 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east.
The town sits on the A92 coastal route with links to the A90 trunk road network and is served by the East Coast Railway Line which runs rail services into London (Kings Cross).
The town has a population of circa 13,250 (Source: Angus Council) and as well as being an attractive place to live Montrose is also a popular destination for tourists.
The property is located on the east side of High Street at its junction with Hume Street on the main retailing precinct within Montrose.
Neighbouring occupiers include Co-op, Peacocks, Nationwide Building Society and Subway.
*Guide Price £105,000 (plus fees if applicable)
* Please see Buyer’s Terms for definition of guide price and auction fees
Energy Performance Rating The property has an energy rating of E.
Tenancy
The subjects are let to JAX Mixed Martial Arts with a passing rent of £12,240 per annum under a full repairing and insuring head lease expiring on 28th February 2030. There is a tenant break option on 28th February 2025.
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,500 inc VAT(£2,083.33 plus VAT).
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