Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
INCOME PRODUCING INVESTMENT***Prominent town centre location Approx. 709 sq ft Let on a FRI lease producing £5,000 per annum. ***VAT FREE PURCHASE***
Tenant: Duncan & Todd
Expiry: 03/07/2032
Passing Rent: £5,000p.a.x.
MARKET RENT £7,500-8,000 Pa. Good growth expected at 2027 rent review.
Tenant has been in occupation for over 17 years
There are rent reviews options contained within the occupational leases which provide the potential to increase the current passing rentals. Further information is available on request.
*** HIGH YIELDING INVESTMENT *** monthly rental of £417pcm giving an annual income of £5,000 which gives an EXCELLENT YIELD OF APPROX 11.4% if achieved for opening bid price.
EXCELLENT LOCATION A compact, walkable High Street filled with shops, eateries, and community life
INCOME PRODUCING INVESTMENT***Prominent town centre location Let investment at £417 per calendar month providing annual income of £5,000. Approx. 709 sq ft. Well maintained unit.
Tenant: Duncan & Todd
Expiry: 03/07/2032
Passing Rent: £5,000p.a.x.
The units is situated within a prominent location in the town centre.
There are rent reviews options contained within the occupational leases which provide the potential to increase the current passing rentals. Further information is available on request.
*** HIGH YIELDING INVESTMENT *** monthly rental of £417pcm giving an annual income of £5,000 which gives an EXCELLENT YIELD OF APPROX 9.6% if achieved for opening bid price.
EXCELLENT LOCATION A compact, walkable High Street filled with shops, eateries, and community life
Nairn’s High Street is the historic heart of this charming coastal town, lined with Victorian and characterful stone buildings, including the prominent Town and County Buildings with its clock tower
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: 109 High Sreet, Let Optician Investment, Nairn, IV12 4DB
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Special Terms of Sale
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Buyers Fee
(?) 1% of Sale Price (Minimum of £2000 +vat)
Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £5,000 per year / £417 per month
Yield: 9% (approx)
Tenant: Company
Notes: Tenant: Duncan & Todd
Expiry: 03/07/2032
Passing Rent: £5,000p.a.x.
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SPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 1% of Sale Price (Minimum £2,000 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
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Auction Details
Date & Time: 10 July 2025, 10am-3pm
Type: Timed Online Auction
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