Retail premises ideally situated to attract passing trade, on Commercial Street, Lerwick’s main shopping area, in the heart of the town centre close by the harbour area.
Until recently the premises housed a camera shop / picture framing business.
In total the premises are estimated to extend to around 38m² or thereby comprising the main ground floor retail space fronting Commercial Street, plus two store rooms and a toilet upstairs.
Refurbishment and some repair is required which is reflected in the price.
The unit is situated in a prominent position in the middle of Lerwick’s main shopping thoroughfare of Commercial Street which is situated in a Conservation Area in the heart of the town centre just across from the main harbour area. This particular part of the street is home to a mix of businesses including Beggs shoe shop, Aurora, Ninian, Rae’s Jewelers and No.88 restaurant.
Lerwick, Shetland’s capital with a population of around 8,000, is the main business centre in the islands which have a total population of around 23,000 supplemented by summer visitors. The town has a wide range of amenities including a leisure centre & swimming pool, museum, cinema & music complex, the hospital, a High School and a couple of primary schools.
The Shetland Islands themselves are the most northerly part of the United Kingdom being located approximately 100 miles north of Aberdeen and 200 miles west of Bergen in Norway, with over 100 islands of which 15 are inhabited. The islands offer a vibrant and safe community which enjoys dramatic and unspoilt scenery and an abundance of wildlife. Fishing, including catching, farming and processing, and the oil industry are the largest income generators although other industries such as farming / crofting, tourism and textiles also make a significant contribution to the local economy.
A daily overnight ferry service from Lerwick operated by Northlink Ferries (www.northlinkferries.co.uk) provides a sea link to mainland Scotland whilst Loganair (www.loganair.co.uk) operates direct flights to Sumburgh at the south end of Shetland from Aberdeen, Inverness, Edinburgh & Glasgow, plus a recently introduced link to London Heathrow (via Dundee).
The premises which comprise the main retail space plus two store rooms and a toilet upstairs, form part of a substantial Grade B Listed, stone-built property in the Scots Baronial style dating from the late 1800’s, comprising retails units at ground floor level and the Grand Hotel above.
The main retail space is entered directly from Commercial Street and has a large display window. It measures approximately 8.6m long by 3.7m wide at the widest point.
A stair at the rear leads up to a store room (approx. 3.9m x 3.9m at widest points) with doors to a second store room (approx. 3.8m x 3.8m at widest points) and a toilet with WC and wash hand basin.
The toilet and first store room have windows to Pitt Lane to the side of the building, whilst the second store has a window to Commercial Street, although the windows to the two stores are presently covered up.
The property is being sold in its current condition and no warranties will be given in respect of any services or contents.
The Rateable Value is understood to currently be £3,900. Prospective purchasers should however contact Shetland Islands Council directly for confirmation. Shetland Islands Council currently offers a Small Business Rates Relief Scheme. Prospective purchasers should check eligibility with the council.
The premises are situated on the west side of Commercial Street between the entrance to The Grand Hotel and Pitt Lane.
Important Information for Prospective Purchasers
This schedule is intended only to help you decide whether to view the property. We always recommend you view the property personally.
The information is believed to be correct, but it is not warranted and is not to form part of any contract of sale. All dates, distances, areas and room sizes noted are approximate and for use as a general guide only. Prospective purchasers should satisfy themselves as to the working condition or otherwise of any equipment such as central heating or kitchen appliances.
This schedule should not be taken as a comment on the condition of the property. This is a matter for your surveyor and we recommend that once you have found a property you are interested in, you obtain a survey report. We can provide details of surveyors if required.
Interested parties are advised to note their interest through their solicitor as soon as possible so that they can be informed if a closing date is fixed. Noting interest does not place any obligation on the seller to set a closing date or to give any noted interests the opportunity to offer. Whilst every effort will be made to advise noted interests of any closing date set, this cannot be guaranteed.
No responsibility will be accepted for expenses incurred by parties who have noted interest but do not get an opportunity to offer, or for any expenses incurred traveling to properties which have been sold or withdrawn.
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