Retail Property (high street) for sale

High Street, Thurso, Caithness, KW14

Guide Price £125,000
3,526 sq. ft.

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Town Centre Location
  • Extensive Frontage
  • Let on Full Repairing and Insuring Lease
  • Held on Personal Name
  • Expiry: April 2029
  • Passing Rent: 13,750p.a.x
  • Price: 125,000

Full description

Tenure: Freehold

Town Centre Location
Extensive Frontage
Let on Full Repairing and Insuring Lease
Held on Personal Name
Expiry: April 2029
Passing Rent: £13,750p.a.x
Price: £125,000

Location

The subjects are situated on the west side of High Street, South of its junction with Swanson St and Couper Street within the town of Thurso in Caithness.

Thurso is a town and former burgh on the north coast of the Highland council area of Scotland. Situated in the historical area of Caithness, it is the northernmost town on the British mainland.The town has a good mix of traditional shops, cafes, bars and restaurants, the well-known River Thurso flows through the town attracting salmon fishers from all over. There is an attractive sandy beach with spectacular views across to Orkney and Dunnet Head.

Subjects

The subjects comprise an extensive ground floor retail unit, previously forming multiple individual units.

The subjects offer multiple timber framed display windows with access to the subjects gained via a double timber framed glazed door at the northernmost end of the demise.

Internally, the subjects have been fit out in a similar spec to other Nickel & Dime stores throughout Scotland with lighting provided by way of ceiling mounted fluorescent strips mounted, floors are overlaid with commercial linoleum. The subjects currently trade as a hardware store, with partitions erected therein to form store room, manager office, staff area and w.c facilities.

Area

The subjects have been calculated on a Net Internal Area basis to extend to the following:

Ground: 327.6sqm (3,526sq ft)

Executive Summary

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

Tenant: Personal Name
Term: October 14' with lease having been extended to April 2029
Passing Rent: £13,750p.a.x
Lease Extension:The tenant has agreed to extend their lease effective April 2029 having been in situ since 2014

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 £125,000

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

  • Thurso (0.5 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

  • Thurso (0.5 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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