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Investment property with development potential

Forfar, DD8 - Get Access

1 bath

Description

This vacant commercial unit is located in a prime location in Forfar. Previously a leisure centre, this property offers remarkable versatility and the opportunity to revamp it and establish it as a staple in the community. It can be transformed into a variety of businesses that would benefit from proximity to one another, or potentially converted into residential units, subject to the necessary planning permissions and information. This property presents an opportunity for an investor seeking a development project, with potential for capital growth and rental upside. Situated in a prime location, the commercial unit benefits from exceptional foot traffic, local amenities, and convenient transport links. The floor areas comprise a ground floor of 148 m2, a first floor of 554 m2, and a second floor of 105 m2, providing a total area of 8,700 square feet. The property features a welcoming entrance, spacious first, second, and third floors, a versatile basement, a toilet facility, and ample storage throughout catering to various business needs. The rateable value is £57,700. Forfar is a market town in Angus, Scotland, known for its historic character, vibrant community, local shops, eateries, cultural attractions, and transport links to surrounding areas.
Comparable sales
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 8,700 sq ft (Listing)

This former leisure centre and civic building in Forfar town centre was evaluated by examining its substantial 8,700 sq ft gross internal floor area. The assessment incorporates the property's historic character and large open-plan footprint alongside the extensive internal dereliction and repair requirements identified during condition analysis.

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