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Abbeygate Shopping Centre High St

44,000 SF 72% Leased Retail Building Arbroath DD11 1HY $1,491,017 ($34/SF) 12.60% Cap Rate

Investment Highlights

  • Largest floor plates in Arbroath Town Centre
  • 3.74 acre site
  • Income producing deveopment site

Executive Summary

Prime retail investment opportunity. 6 current occupied tenants. Offers in excess of £1,200,000.

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Building Size
44,000 SF
Building Class
B
Year Built
1980
Price
$1,491,017
Price Per SF
$34
Cap Rate
12.60%
NOI
$187,868
Percent Leased
72%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
3.74 AC
Parking
199 Spaces (4.52 Spaces per 1,000 SF Leased)
Frontage
58 FT on High Street

Amenities

  • Property Manager on Site
  • Security System
  • Storage Space

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 10
  • 1,480 SF
  • Retail
  • In-Line
  • Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 10 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

  • 11
  • 3,308 SF
  • Retail
  • End Cap
  • Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the main entrance and car park for the scheme and provides external access and potential for external seating area. Split options will be considered. Unit 11 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

  • 3-5
  • 2,292 SF
  • Retail
  • In-Line
  • Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 3-5 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

  • 6
  • 1,475 SF
  • Retail
  • In-Line
  • Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 10 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

  • 9
  • 1,475 SF
  • Retail
  • In-Line
  • Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 9 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

Space Size Space Use Position Available
10 1,480 SF Retail In-Line Now
11 3,308 SF Retail End Cap Now
3-5 2,292 SF Retail In-Line Now
6 1,475 SF Retail In-Line Now
9 1,475 SF Retail In-Line Now

10

Size
1,480 SF
Space Use
Retail
Position
In-Line
Available
Now

11

Size
3,308 SF
Space Use
Retail
Position
End Cap
Available
Now

3-5

Size
2,292 SF
Space Use
Retail
Position
In-Line
Available
Now

6

Size
1,475 SF
Space Use
Retail
Position
In-Line
Available
Now

9

Size
1,475 SF
Space Use
Retail
Position
In-Line
Available
Now

10

Size 1,480 SF
Space Use Retail
Position In-Line
Available Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 10 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

11

Size 3,308 SF
Space Use Retail
Position End Cap
Available Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the main entrance and car park for the scheme and provides external access and potential for external seating area. Split options will be considered. Unit 11 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

3-5

Size 2,292 SF
Space Use Retail
Position In-Line
Available Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 3-5 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

6

Size 1,475 SF
Space Use Retail
Position In-Line
Available Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 10 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

9

Size 1,475 SF
Space Use Retail
Position In-Line
Available Now

The subject premise is located in The Abbeygate Centre which is Arbroath’s primary retail offer that links the shopping centre and the High Street, adjacent to the existing McColl’s unit and sits prominently within the centre by the car park entrance to the scheme. Unit 9 is available to let by way of a new effectively full repairing and insuring term which is to be agreed.

Nearby Major Retailers

Santander
Farmfoods
Morrisons
Tesco Superstore
Bank Of Scotland
Lidl
Co-operative Food
  • Listing ID: 29883589

  • Date on Market: 10/26/2023

  • Last Updated:

  • Address: High St, Arbroath DD11 1HY

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