Tenanted Commercial LOT 141

63 High Street, Nairn, IV12 4BW
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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Excellent sized commercial unit LET to The Factory Shop Ltd at £32,500 Per Annum until 23rd January 2028 in prominent High Street location. PERFECT INVESTMENT WITH IMMEDIATE RENTAL RETURN.

Comprises a substantial ground floor and basement as part of a larger 2 storey development. Unit extends to approx. 5,771sq ft (536.13sqm). ***PERFECT INVESTMENT OPPORTUNITY.

Currently to LET The Factory Shop Ltd at £32,500 PER ANNUM - Great Return on Investment in HIGH FOOTFALL LOCATION. *** Large commercial/ retail unit in PRIME position within popular retail parade.

SUPER TRADING LOCATION. Situated on the east side of High Street within Nairn’s town centre. EXCELLENT FRONTAGE***

HIGH VOLUMES OF PASSING TRADE*** Nearby occupiers include Specsavers, Boots, TSB Bank, Semichem, Bank of Scotland, Co-op and Ladbrokes.

Tenant: The Factory Shop Ltd Expiry: 23rd January 2028 Passing Rent: £32,500p.a.x. Review: Fixed Increase To £35,000p.a.x in 2027 Tenant Break Option: 17th August 2026 Further: For the year ending 27th March 2022, The Factory Shop Limited reported a turnover of £124,409,000, a pre-tax profit of £1,460,000, shareholders’ funds of £14,351,000 and a net worth of £14,351,000. Ground: 506.03sqm (5,447sq ft) Basement: 30.1sqm (324sq ft) Total: 536.13sqm (5,771sq ft). The property comprises a substantial ground floor and basement as part of a larger 2 storey development of traditional construction surmounted by a pitched roof with dormers overlaid in slate. The property offers a large display frontage with access gained via recessed double doors leading to a large, open plan retail area. The property benefits from partitions having been erected to form rear storage area, w.c. facilities and staff break area. Access to the basement is gained via a single staircase to the rear of the demise. Lighting is provided by way of fluorescent strips and halogen spots recessed within the suspended acoustic tile ceiling with floors being overlaid in ceramic tile.

Nairn’s greatest asset is its marvellous sandy beach and makes for the perfect family holiday: sand castles, promenade walks, putting green, leisure park and a swimming pool – all set against the backdrop of the Moray Firth with its wonderful views and a chance to see the famous Moray Firth dolphins. Nairn is the perfect base for exploring the Scottish Highlands and is close to Culloden Battlefield, Fort George, Cawdor Castle, Brodie Castle, Inverness, Urquhart Castle on Loch Ness. Nairn is also a good starting point for the now famous North Coast 500 – a 516-mile (830 km) scenic route around the north coast of Scotland. The Town is well connected by bus, train and air.

Full Address: 63 High Street, Nairn, IV12 4BW

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 23rd January 2028
Rent: £32,500 per year / £2,708 per month
Yield: 15% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Opening Bid: £215,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Buy Now Price = £325,000

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Auction Details

Date & Time: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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