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Commercial Investment Opportunity, 35 High Street, Nairn, IV12 4AG

3,848 Sq Ft / Retail / Investment

Sold - Last updated: 06 September 2022

The property comprises a substantial 2 storey mixed use development of traditional stone construction surmounted by a pitched roof overlaid in slate with dormer windows. The property benefits from a substantial frontage of aluminium framed and glazed construction. 

Access to the property is gained via 2 main access doors situated at street level leading to an open plan sales area with partitions erected to form private dispensary and consultation room. 

The upper floor is accessed via a single staircase to the front of the property offering storage area, staff tea prep and W.c facilities.

Location

The property is situated on the south east side of High Street, south of its junction with Church Street in the town of Nairn.

Nairn is a town located in the north east of Scotland situated on the banks of the Moray Firth, located between Elgin and Inverness. 

Neighbouring occupiers include McColls, Semi-Chem, VPZ, T.S.B and M&Co.

Accommodation

The property has been calculated to offer the following floor areas; 

Ground: 171.49sqm (1,846sq ft)

1st: 185.99sqm (2,002sq ft)

Terms

Proposal - The property is available on a freehold basis, price available on application  

V.A.T - Figures quoted are exclusive of V.A.T 

Legal Costs - Each party will be responsible for their own legal costs incurred in connection with this transaction. 

Energy Performance Certificate - A copy of the EPC can be provided on request.  

Lease & Title - Available on request

Executive Summary - The property is held on a full repairing and insuring head lease on the following terms; 

Tenant: Boots Properties Ltd

Expiry: September 2029

Passing Rent: £22,XXXer annum

Rent Review: September 2024

Further Info: The tenant has recently agreed to a new 10year lease without break options as a sign of their confidence in the location and market, having been in-situ for a number of years prior. 

Specification

  • Substantial Town Centre Building
  • Ground & 1st Floor
  • Let to Boots Properties Limited
  • 10yr Lease (No Breaks)
  • Expiry September 2029
  • Rent Review: September 2024
  • Passing Rent: £22,XXX.a
  • Price On Application


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