The building is of traditional terrace construction and is category C listed. The premises comprises of a ground floor bank unit with first and second floor office space with basement. This building extends to a total Net Internal Area of 311.42 sq m/3,352 sq ft or thereby.
Location
The premises are situated on 106 Commercial Street within a prime trading location within Lerwick. Lerwick is the largest town in the Shetland Islands
Accommodation
Basement: 85.55 sq m (903 sq ft)
Ground Floor: 112.79 sq m (1,207 sq ft)
First Floor: 82.64 sq m (890 sq ft)
Second Floor: 30.44 sq m (328 sq ft)
TOTAL: 311.42 sq m (3,352 sq ft)
Terms
SERVICES
We understand that the property is connected to mains supply for water and electricity whilst drainage is to the main sewer.
ENERGY PERFORMANCE RATING - G
TERMS OF EXISTING LEASE
The property is for sale subject to an occupational lease. The property is let to Clydesdale Bank Plc for a period of 20 years expiring at 2 October 2018. The lease is on a full repairing and insuring basis. The current rent is £26,165 per annum and is subject to review at 28 December 2013. The existing tenant has an option to extend the lease for a further 20 years upon expiry of the existing lease.
RENTAL
The current passing rent is £26,165 per annum.
SALE PRICE
Offers over £275,000 are invited.
VAT
VAT is not applicable on the sale price.
LEGAL COSTS
Each party will be responsible for their own legal costs and the purchaser will be responsible for any SDLT and Registration Dues should they be applicable.
Specification
• Central Location
• 311.42 sq m / 3,352 sq ft or thereby
• Sale Price: £275,000
• Current Rent: £26,165 per annum
• lease expiry October 2018