Investment property with development potential

Prime investment vacant town centre property comprising a full building plus 20+ car spaces in an excellent trading position, offering potential for four retail units and 14 to 16 residential flats on the upper floors (subject to consents). The subjects comprise a substantial building which has been extended and adapted over the years, including rear car parking and loading accessed off Coutties Wynd, occupying a site extending to approximately 0.7 acres. The premises would lend itself to sub-division, ranging from units of 2,500 sq ft up to 5,000 sq ft plus. The property benefits from a Feed-in Tariff solar installation of 44kW on the roof, generating power for the property and exporting surplus to the grid. Floor measurements are approximately: Ground Floor 1,050 sq.m. (11,300 sq. ft.), First Floor 1,000 sq.m. (10,750 sq. ft.), Second Floor 100 sq.m. (1,050 sq. ft.), giving a total of 2,150 sq.m. (23,100 sq. ft.). Situated on East High Street in the heart of Forfar town centre, the building benefits from a prominent and convenient location close to a variety of shops, cafés, restaurants, and essential services. The area is well served by local bus routes providing connections to Dundee and surrounding Angus towns, while the nearby A90 offers convenient road links to Dundee and Aberdeen.