ADDRESSInvestment Opportunity King Street, Nairn, IV12 4BQ
TYPEGeneral Retail, Retail
TENUREFor Sale Freehold, For Sale Leasehold
POSTED ON6th December 2019
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.