Oban is the principal town of North Argyll serving a large area of the Highlands and Islands. The town has an all year round tourist trade and benefits from having a ferry port offering daily sailings to a variety of islands together with a railway station offering regular services from Glasgow.
The unit offers a prominent position within George Street. Nearby retailers are a mix of multiple and local traders to include R S McColl, Oxfam,The Jetty and Fat Face.
The property comprises the ground and basement floors within a single storey development.
From our measured inspection we would confirm the property offers the following areas and dimensions:
Gross Frontage: 20’ 7” (6.26 m)
Net Frontage: 19’ 0” (5.79 m)
Ground floor: 1,185 ft² (110.8 m²)
Basement: 350 ft² (32.50 m²)
Total: 1,535 ft² (138.88 m²)
ITZA 913 units
The property is leased to Phone Clinic 4 U and is held on the residue of an existing full repairing and insuring lease expiring 14th February 2022.
The passing rent is £12,000 per annum and there are no further reviews.
The property is entered in the Valuation Roll as follows:-
Description: Shop
Rateable Value (‘22/’23): £14,600
The property is not elected for VAT.
A copy of the EPC is available on request.
Offers in excess of £109,000 are sought which would show a net initial return after costs of 10.81%.
Each party to be responsible for their own legal costs with the purchaser being responsible for registration dues and LBTT incurred thereon
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Strictly through this office.
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| Oban - 125 George Street 070622.pdf |