Modern retail unit with long-term tenant

This modern retail unit, spanning 8,626 sq ft, is located at 73-75 High Street, Montrose. It is currently let to Anglo Global Properties One Limited, trading as Peacocks, at an annual rent of £50,000, offering a fantastic long-term investment opportunity with an approximate yield of 11%. Peacocks has occupied the premises since 2018 under Full Repairing & Insuring (FRI) terms, with a lease extending until September 19, 2028. The assignation was made in 2021 to Peacocks newco following a 2020 insolvency and subsequent sale of brand and assets. The tenant benefited from four months rent-free from April 26, 2021, with an additional two months rent-free if the 2023 tenant break option was not exercised. Montrose is strategically situated halfway between Aberdeen and Dundee, offering excellent connectivity. Aberdeen is 35 miles to the north, Dundee 30 miles to the south, and Forfar 17 miles to the east. The property benefits from proximity to the A90 and a mainline Abellio ScotRail train station, a five-minute walk away, providing direct rail links to major cities like Aberdeen (within 40 minutes), Dundee (within 40 minutes), Edinburgh, Glasgow (within 2 hours), and London. This makes Montrose an ideal location for commuting or weekend retreats. Montrose offers a comprehensive range of amenities, including large supermarkets, award-winning independent butchers, fishmongers, and bakeries. Recreational facilities include two links golf courses, a local sailing club, a rugby club, a football team, tennis courts, and a recently constructed gym and swimming pool. Montrose beach, offering three miles of golden sand, is a ten-minute walk from the property, as are scenic walks around the Montrose Basin, a notable bird-watching destination. The surrounding area features numerous forest walks, and the spectacular glens and mountains of the Cairngorms are a short drive away. Montrose is also a vibrant music venue, hosting an annual festival that has attracted renowned acts.