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Investment Opportunity, King Street, Nairn, IV12 4BQ

For sale: £180,000.00|2016 Sq Ft|General Retail, Retail

PROPERTY DETAILS

FOR SALE£180,000.00
SIZE2016 Sq Ft
ADDRESSInvestment Opportunity King Street, Nairn, IV12 4BQ
TYPEGeneral Retail, Retail
TENUREFor Sale Freehold, For Sale Leasehold
POSTED ON6th December 2019

DESCRIPTION

Guide Price: £180,000 net of VAT
NIA: 2,016 sq.ft or thereby
Passing Rental: £20,866 per annum
Expiry: 30th January 2029
Rent Review: 31st January 2024

The property is located on the A96 trunk road in the centre of the town of Nairn. It is a popular tourist destination and commuter town approximately 70 miles east of Inverness lying on the shore of the Inner Moray Firth in the north of Scotland. Nairn benefits from a station on the Inverness to Aberdeen railway line whilst there is a regular bus service linking west Inverness and east towards Forres and Elgin. The A96 trunk road passes through the town linking Inverness to Aberdeen. Nairn has a population of circa 12,000 people and benefits from a range of good services and amenities. There is a harbour providing a small marina. The investment sits adjacent to a public car park and Co-op superstore. The property fronts onto the A96 which is the main thoroughfare through the town of Nairn. The property comprises a single storey commercial development currently housing a hot food takeaway. It is assumed Class 3 consent is in place. The property is currently let to 1st Pizza Direct Ltd until 30th January 2029 at a current passing rental of £20,866 per annum. The next rent review is 31st January 2024. Further lease details available on application to the selling agent. Title Plan available on application to the selling agent.

LOCATION

Location: Investment Opportunity King Street, Nairn, IV12 4BQ

Nairn (0.4 miles)

Forres (9.1 miles)

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