6B Commerce St | Arbroath DD11 1WB
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6B Commerce St
Arbroath DD11 1WB
Erskine House · Retail Property For Sale
Investment Highlights
- SUBSTANIAL FORMER CHURCH AND COFFEE SHOP
- LOCATED WITHIN ARBROATH TOWN CENTRE
- ANNUAL RENT INCOME £28,200
Executive Summary
Internally, a separate office suite has been created at ground floor, with dedicated access and services.
From the main foyer, internal stairs lead to the upper floor where a series of office suites have been created over two levels, surrounding a central void area. The office suites have been created to an extremely high standard utilising the existing church structure.
Lying to the rear of the church building, although forming part of the same structure, is the coffee shop with the main public access taken via a lane running south from the High Street. There is secondary access to the side of the main building running eastwards from Commerce Street. Again, the building is of stone construction with pitched and slated roof and although forming part of the same complex the coffee shop can be seen as a stand-alone unit
From the main foyer, internal stairs lead to the upper floor where a series of office suites have been created over two levels, surrounding a central void area. The office suites have been created to an extremely high standard utilising the existing church structure.
Lying to the rear of the church building, although forming part of the same structure, is the coffee shop with the main public access taken via a lane running south from the High Street. There is secondary access to the side of the main building running eastwards from Commerce Street. Again, the building is of stone construction with pitched and slated roof and although forming part of the same complex the coffee shop can be seen as a stand-alone unit
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
8,868 SF
Year Built
1970
Price
£450,000
Price Per SF
£51
Net Initial Yield
6.27%
NOI
£28,200
Tenancy
Single
Number of Floors
2
Building FAR
0.99
Lot Size
0.21 AC
Parking
4 Spaces (0.45 Spaces per 1,000 SF Leased)
Frontage
38 ft on Commerce Street
Amenities
- 24 Hour Access
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