Leisure/hospitality for sale

The Grill 21, 264-268 High Street, Arbroath DD11

• Prime new listing. This rare opportunity to purchase an exceptional vacant commercial property previously as a Mediterranean restaurant
• Property was operating as a mediterranean restaurant with a yearly turnover of over £300,000 *high turnover opportunity*
• Property is located on Arbroath's busy high street benefitting from lots of passing trade and a nearby residential area *prime location*
• Property is offered at a fantastic discount to ensure auction sale! Fantastic opportunity where all equipment is being left in situ *walk-in condition*
• Great opportunity for shrewd investors or owners occupiers looking for an affordable commercial premises with a high turnover potential

Prime new listing. This rare opportunity to purchase an exceptional vacant commercial property previously as a Mediterranean restaurant.

The owner/occupier is looking to sell the property and the business. Everything seen will be included in the sale as the seller is looking for someone to take over this once thriving restaurant.

Great opportunity for shrewd investors looking to start or expand their commercial portfolio and have a high yielding property. This could achieve a monthly rental of £950 - £1,000, or £11,400 - 12,000 a year. This would produce a yield of 7.6% - 8% *commercial investment opportunity*

Property is offered at a fantastic discount to ensure auction sale! Fantastic opportunity where all equipment is being left in situ *walk-in condition*

Property Comprises:

A ready to go restaurant with dining area, a commercial kitchen, 4x toilets (customer and staff) and many storage areas.

Property was operating as a as a Mediterranean restaurant with a yearly turnover of over £300,000 a year *high turnover opportunity*

Great opportunity for shrewd investors or owners occupiers looking for an affordable commercial premises with a high turnover potential. ***great value for money***

Sure to appeal to investors looking for a rare property in sought after location

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Offer Now” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

Location:

Arbroath is a historic coastal town located in Angus, Scotland, known for its rich maritime heritage and significant place in Scottish history. Founded in the 12th century around Arbroath Abbey, the town gained fame as the site where the Declaration of Arbroath was signed in 1320, a document asserting Scotland's independence that influenced later democratic movements worldwide. Today, Arbroath is renowned for its distinctive culinary contribution, the "Arbroath Smokie, " a type of smoked haddock prepared using traditional methods that date back centuries. The town features a picturesque harbor, dramatic red sandstone cliffs, and maintains its character as a working fishing port while embracing tourism centered on its historical significance and natural beauty along the North Sea coast.