Investment Opportunity. Original Factory Shop Investment located on the High street of the affluent Dingwall. Previous Rent: £24,500p.a . Attractive Yield. Was sold for £625,000.
LARGE PREMISES: Ground: 415.59sqm (4,473sq ft) 1st: 344.51sqm (3,708sq ft) Total: 760.1sqm ( 8,181sq ft)
***VAT FREE PROPERTY NO VAT APPICABLE*** Property benefits from great passing trade on the high street along with double Frontage display windows. Excellent size property.
Market rent £35-37,000 pa, so rent likely to increase significantly with new tenant. Neighbouring occupiers include The Edinburgh Wooden Mill, Sweet Treats, MP Constituency Office and The Red Cross.
Investment Opportunity. Original Factory Shop Investment located on the High street of the affluent Dingwall. LARGE PREMISES: Ground: 415.59sqm (4,473sq ft) 1st: 344.51sqm (3,708sq ft) Total: 760.1sqm ( 8,181sq ft) Market rent £35-37,000 pa, so rent likely to increase significantly at rent review in couple of years. ***VAT FREE PROPERTY NO VAT APPICABLE*** The property comprises a substantial 2 storey commercial development of steel framed construction rendered in brick surmounted by a flat roof overlaid in felt. The property benefits from twin display windows flanking the dual double door entrance, all of aluminium framed and glazed construction. Internally the property has been fitted out to a high standard by the tenant, and in accordance with their corporate specifications. Lighting is provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. Floors have been overlaid in laminated timber and carpet throughout. To the rear of the development, partitions have been erected to form large storage area, office and w.c facilities. The first floor offers further staff facilities, storage and secondary sales area. Property benefits from great passing trade on the high street along with double Frontage display windows. Excellent size property. Sure to appeal to Investors looking for an attractive investment in sought after area.
The property is situated on the north side of High Street at its junction with Wardens Lane on the main commercial thoroughfare in the town of Dingwall. Dingwall is a town and a royal burgh in the Highland council area of Scotland. It has a population of 5,491. It was an east-coast harbour that now lies inland. Neighbouring occupiers include The Edinburgh Wooden Mill, Sweet Treats, MP Constituency Office and The Red Cross.
Full Address: 70-71 High Street, Dingwall, IV15 9RY
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