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TOWN CENTRE OBAN INVESTMENT FOR SALE INCOME PRODUCING £12,000p.a.

For sale: POA|1569 Sq Ft|Retail, Office, Leisure, Retail - High Street, Offices

PROPERTY DETAILS

FOR SALEPOA
SIZE1569 Sq Ft
ADDRESS125 George Street, Oban, PA34 5NT
TYPERetail, Office, Leisure, Retail - High Street, Offices
TENUREInvestment Opportunity
POSTED ON2nd May 2020

DESCRIPTION

Prominent Position
Held on F.R.I Lease
1,569sq ft
Ground & Basement
Expiry 14th February 2022
Passing Rent: £12,000p.a
Price on Request

Location

The subjects are situated at the northern end of George Street, Oban’s premier retailing location, and highly visible to vehicular and pedestrian traffic entering the town.

Oban is the principal town of North Argyll serving a large rural area of the Highlands and Islands. The town is a main ferry port and railway terminal with a large number of daily ferry sailings to a variety of Inner and Outer Hebridean islands and with regular train services to Glasgow via the famous West Highland line. The town is a very popular tourist destination in its own right throughout the year however particularly in the summer months. The town has an excellent range of retail, commercial and educational facilities as well as a leisure centre, two gymnasiums and cultural facilities. Oban has a resident  population of around 9,000 people and a catchment of over 20,000, which increases significantly during the peak tourist season.

Nearby occupiers include McColl’s, Cancer Research, Oxfam and McEwen’s of Perth. The train and bus stations and the ferry terminal are a short walk away and there is on-street car parking in George Street with additional town centre car parks located within a short distance.

Property

The property comprises a ground floor retail unit with single frontage, set within a single storey retail parade of sandstone construction, surmounted by a flat roof overlaid in felt.

The subjects benefit from twin display windows flanking the recessed entrance, with access via a single timber framed glazed door.

Internally the property has been refurbished by the tenant with lighting provided by way of fluorescent strips mounted on the suspended acoustic tile ceiling, with floors overlaid in laminated timber.

The unit has been partitioned internally to form private office / workshop, tea prep area and w.c with access to the basement gained via a single timber stair case.

Area

The property has been measured on a net internal area basis to extend to the following floor area;

Ground: 110.4sqm (1,188sq ft)
Bsm: 35.4sqm (381sq ft)

Total: 145.8sqm (1,569sq ft)

Executive Summary

The property is held on a full repairing & insuring lease on the following terms;

Tenant: Phoneclinic4U Limited
Term: 15/2/17 - 14/2/22
Passing Rent: £12,000p.a
Sub-Lease: The property has been sub-let to H3 Enterprises Ltd, expiring in sequence with the head lease expiry date.
Business Name: “Oban Mobile Phone Shop”

Price

Freehold price available on request

V.A.T

Figures quoted are exclusive of V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

No direct approach is to be made to the tenant, viewing as a customer can be carried out during normal trading hours. A more detailed viewing must be made on request.

LOCATION

Location: 125 George Street, Oban, PA34 5NT

Oban (0.3 miles)

Connel Ferry (4.2 miles)

Taynuilt (9.0 miles)

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