Retail Property (high street) for sale

High Street, Wick, Caithness, KW1

Guide Price £65,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Town Centre Location
  • Basement, Grnd & 1st Floor
  • 5,216sq ft
  • F.R.I Lease Held on Personal Name
  • Lease Expiry 9th October 2025
  • Passing Rent: 8,000p.a.x
  • Guide Price 65,000

Full description

Town Centre Location
Basement, Grnd & 1st Floor
5,216sq ft
F.R.I Lease Held on Personal Name
Lease Expiry 9th October 2025
Passing Rent: £8,000p.a.x
Guide Price £65,000

Location

The subjects are situated on the South West side of High Street, between its junctions with Kirk Lane to the South and Whitechapel Rd to the North within Wick's town centre.

Wick is located on the North East coast of Scotland approx 100miles North of Inverness and 20miles south east of Thurso. Road access is via the A9/A99 and the town also enjoys rail services at Wick station. Neighbouring occupiers include Boots, the Post Office, Wellington Guest House & Semi-Chem.

Subjects

The subjects comprise a ground, 1st and basement floor retail unit set within a 3 storey building of traditional stone construction surmounted by a pitched slate roof.

The subjects under consideration offer a ground floor retail unit with double frontage benefitting from timber framed glazed display windows and recessed access with twin timber framed glazed doors.

Internally, the subjects have been painted and decorated to suit the tenants requirements, with floors being overlaid by commercial linoleum, lighting is provided by fluorescent strips, recessed within a suspended acoustic tile ceiling.

First and basement floors are accessible via internal timber stairwells offering further retail, storage, w.c facilities, private office and staff area.

Area

The subjects offer the following floor areas

Basement: 143.7sqm (1,547sq ft)
Ground: 184.7sqm (1,988sq ft)
1st Floor: 156.2sqm (1,681sq ft)

Executive Summary

The subjects are held on a full repairing and insuring lease on the following terms

Tenant: Personal Name
Term: 1st October 15 - 30th Sept 2025
Passing Rent: £8,000p.a.x

Tenant Info

Nickel & Dime Stores operate approx 34 stores throughout townships in Scotland, primarily trading as convenience, hardware & homeward stores. The stores' retailing aspect is dictated by market demand.

Proposal

Our client is offering their freehold interest in the subjects for £65,000,

E.P.C

Available on request

V.A.T

Our client has opted to waive their option to tax, as such the transaction will be treated as a Transfer of a Going Concern (ToGC). Further information available on request.

Legal

Each party shall bear their own legal costs incurred during the transaction

Lease & Title

Copies available on request via the marketing agent


More information from this agent

Nearest station

  • Wick (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TSA Property Consultants Ltd, Glasgow

162 Buchanan Street, Glasgow, G1 2LL

0141 392 0844 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Wick (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TSA Property Consultants Ltd, Glasgow

162 Buchanan Street, Glasgow, G1 2LL

0141 392 0844 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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