For Sale - Town Centre Office Premises, Bank Lane off Commercial Street, Lerwick

Key Details

Energy Efficiency:

To be confirmed.




Office premises in very central town centre location on Commercial Street right in the middle of Lerwick's main retail & business area.

The property comprises No. 2 Bank Lane, first floor premises of around 97m² (1040ft²) comprising four offices, reception office, kitchen & two WC's, and the adjacent single storey property No.4 up the lane, which comprises a large open-plan office, separate office, kitchen area & WC.

It is understood the two units have until recently been used as office space however other uses, e.g. residential, may be possible subject to consents.

Consideration may be given to separate sales of 2 & 4.

General Information


The property is situated in a great, very central location on the corner of Commercial Street and Bank Lane, right in the heart of Lerwick's main shopping thoroughfare, just across Bank Lane from the Bank of Scotland.

Other businesses in the immediate area include Conochies (Lerwick's main newsagent) and The Camera Centre, both immediate opposite. The Esplanade and the small boat harbour area are close by.

The Building

The two properties form part of a terrace of buildings in the Lerwick Conservation Area, each accessed from Bank Lane, No.2 forming the upper floor of a two storey building of traditional rendered stone construction below a part pitched, part flat roof of slate and felt, the ground floor comprising a takeaway (presently vacant) and charity shop. Windows in this property are mainly double glazed with some secondary glazing, and Velux roof lights. Heating is by electric storage heaters.

No. 4 is a single storey rendered concrete block building adjacent to No.2 but further up the lane, below a monopitch felt roof. This property is single glazed; heating is by a mix of electric storage and panel heaters.

Both properties have fire alarm systems.

The property is being sold in its present condition and no warranties will be given in respect of any services or contents.

Change of Use

Both properties are understood to have been used as office space. It is thought there could be potential for other uses, possibly residential, although any change of use and / or alteration would be subject to the usual consents being obtained and prospective purchasers should satisfy themselves in this regarding by contacting the local planning and / or building standards departments directly for information and advice.

Rateable Values

The Rateable Values are understood to currently be:-

No.2 - £9,100

No.4 - £8,400

Prospective purchasers should however contact Shetland Islands Council directly for confirmation


2 Bank Lane

Estimated net internal floor area approx. 97m² (1040ft²).

The main entrance from the lane opens to a stair leading up to a hallway on the first floor with doors to four rooms and a kitchen with fitted units & sink with electric hot water supply. From here a short stair leads to the remaining accommodation comprising a further larger office and two toilets each with a WC & w.h.b. with its own hot water supply. A second stair down to another external door provides a fire exit.

Reception / Office

(Approx. 2.9m x 2.45m) With window to the lane & skylight

Office 1

(Approx. 4.8m x 4m) Good-sized office with two windows to the street.

Office 2

(Generally approx. 5.25m x 3.8m) Another good-sized room, again overlooking the street.

Box Room

(Approx. 3.45m x 2.2m) Skylight.

Office 5

(Approx. 5.65m x 3.55m) Largest space lit by a window to the lane, three Velux roof lights and a skylight.

4 Bank Lane

Estimated net internal floor area approx. 73m² (780ft²).

Accessed directly from the lane, the entrance door opening to a lobby leading to a large open-plan office space with single room office and kitchen / toilet off.

Open-plan Office Space

(Approx. 7.3m x 4m + 3.7m x 5.3m) With two windows to Bank Lane and further window to the rear, three small built-in cupboards, one housing the hot water tank.


(Approx. 3.9m x 2.35m) Window to the rear.

Kitchen / Toilet

Energy Performance

Energy Efficiency Rating: To be confirmed.

To see the location of the property in an overall Shetland context, adjust the zoom by clicking the + or - buttons. Use the 'Map', 'Satellite' & 'Hybrid' buttons to switch between an ordnance survey style road map, a satellite aerial photograph or a combination (hybrid) of the two. Please note that the date of the satellite image is unknown and may not show new buildings.

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We were very impressed with your professional manner and always keeping us up to date with progress.

Lee Thompson

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