Internally, the extensive accommodation extends to around 453 sq m (4,870 sq ft) with the majority of the premises occupied by Strathmore Woollen Co. Ltd, although part of the first floor office space is let separately at a passing rent of £10,000 per annum.
Strathmore Woollen Company Limited is a quality and well established business which has operated under the same family guidance for around 30 years with the proposed sale due to the retirement plans of the principal Directors.
It is our clients’ preference to effect a sale of the business and premises as a single entity however consideration may be given to selling the business element and leasing the heritable property.
Despite the recent difficult economic and market conditions, the company has continued to trade well and profitably with a significant increase in turnover during the last trading year. Turnover levels have consistently been in excess of £700,000 and an Accounts Summary will be made available to interested parties after viewing and confirmation of a continuing formal interest.
Forfar is the main administration centre for the Angus Council area with the town lying adjacent to the A90 Dundee to Aberdeen road enjoying excellent transport links to both cities. The town has a resident population of 14,000 and serves a large surrounding rural area.
The subjects occupy a prominent corner site off the east side of North Street at its junction with Service Road, to the north of Forfar town centre. This is a mixed residential and light commercial area with the property well placed to the usual local amenities and facilities.
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