**REDUCED RENTAL** Large open plan Retail premises extending to 938 M (10,096 FT) benefiting from rear loading bay/parking area. The property is located in a prime pitch to the north end of Albert Street, which is accessed from the main A960 road.
Location
The subjects are situated in Kirkwall , the capital of mainland Orkney which serves as the administrative centre for the islands. The property is located in a prime pitch to the north end of Albert Street, which is accessed from the main A960 road. Orkney is a collection of islands situated off the north coast of Scotland. The town benefits from significant tourist numbers particularly during the summer months. The town offers a good variety of national and local retail occupiers along with numerous hotels and bed and breakfast establishments.
Accommodation
The subject extends to approximately 938 sq m (10,096 sq ft)
Terms
RATEABLE VALUE NAV/RV: £49,000. The current poundage rate for the financial year 2021/2022 is 49.0 pence for properties with a Rateable Value up to £51,000. For properties with a Rateable Value between £51,001 and £95,000 the rate is 50.3 pence
SERVICES Mains water and electricity. Drainage to the public sewer.
EPC Please contact the agents for further information. PLANNING We understand the property currently benefits from planning consent for Use Class 1 – Shops.
LEASE / SALE TERMS The subjects are available To Let on flexible lease terms for a period to be agreed at a rental of £69,000 per annum, exclusive of VAT. Our client would consider a sale of the Heritable subjects with vacant possession. Offers are invited.
ENTRY From 1st August 2022, by mutual agreement.
VAT The subjects are elected for VAT.
LEGAL COSTS Each Party will be responsible for their own legal costs incurred in connection with any transaction. In the normal manner, the incoming tenant will be responsible for LBTT, Registration Dues and VAT thereon.
Specification
- GROUND FLOOR SHOP
- PRIME PITCH
- FLOOR AREA: 938 M² (10,096 FT²)
- LARGE OPEN PLAN SALES FLOOR
- REAR LOADING BAY/PARKING
- RENT: £69,000 PER ANNUM