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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

INCOME PRODUCING INVESTMENT***Prominent town centre location Approx. 709 sq ft Let on a FRI lease producing £5,000 per annum. ***VAT FREE PURCHASE***

Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £5,000p.a.x. MARKET RENT £7,500-8,000 Pa. Good growth expected at 2027 rent review. Tenant has been in occupation for over 17 years

There are rent reviews options contained within the occupational leases which provide the potential to increase the current passing rentals. Further information is available on request.

*** HIGH YIELDING INVESTMENT *** monthly rental of £417pcm giving an annual income of £5,000 which gives an EXCELLENT YIELD OF APPROX 11.4% if achieved for opening bid price.

EXCELLENT LOCATION A compact, walkable High Street filled with shops, eateries, and community life

INCOME PRODUCING INVESTMENT***Prominent town centre location Let investment at £417 per calendar month providing annual income of £5,000. Approx. 709 sq ft. Well maintained unit. Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £5,000p.a.x. The units is situated within a prominent location in the town centre. There are rent reviews options contained within the occupational leases which provide the potential to increase the current passing rentals. Further information is available on request. *** HIGH YIELDING INVESTMENT *** monthly rental of £417pcm giving an annual income of £5,000 which gives an EXCELLENT YIELD OF APPROX 9.6% if achieved for opening bid price. EXCELLENT LOCATION A compact, walkable High Street filled with shops, eateries, and community life

Nairn’s High Street is the historic heart of this charming coastal town, lined with Victorian and characterful stone buildings, including the prominent Town and County Buildings with its clock tower Nairn’s greatest asset is its marvellous sandy beach and makes for the perfect family holiday: sand castles, promenade walks, putting green, leisure park and a swimming pool – all set against the backdrop of the Moray Firth with its wonderful views and a chance to see the famous Moray Firth dolphins. Nairn is the perfect base for exploring the Scottish Highlands and is close to Culloden Battlefield, Fort George, Cawdor Castle, Brodie Castle, Inverness, Urquhart Castle on Loch Ness. Nairn is also a good starting point for the now famous North Coast 500 – a 516-mile (830 km) scenic route around the north coast of Scotland. The Town is well connected by bus, train and air.

Full Address: 109 High Sreet, Let Optician Investment, Nairn, IV12 4DB

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £5,000 per year / £417 per month
Yield: 11% (approx)
Tenant: Company
Notes: Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £5,000p.a.x.

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Pricing Information & Bidding

Opening Bid: £44,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 19 June 2025, 10am-3pm
Type: Timed Online Auction

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