For Sale: Commercial Investment

• Rent: £40,000 per annum
• Lease Expiry: 19th June 2026
• Leased to Gow Groundworks Ltd on FRI terms
• Personal Guarantee from Company director
• Total site Area 0.23 ha (0.57 acres)
• Offers Invited

LOCATION

The subjects are located in the Highland town of Dingwall which is a regional service centre for the Black Isle, central and south east Ross-shire offering a range of community facilities and services. Dingwall lies approximately 12 miles North west of Inverness, just off the A9 and has a population in the region of 5,000 people.

The subjects are located on Dochcarty Road within Dochcarty Industrial Estate which lies a short distance to west of Dingwall Town Centre. Dingwall Business Park is a short distance to the west. The surrounding occupiers comprise a mixture of industrial and office uses.

Nearby occupiers include Highland Council and Howdens Joinery.

DESCRIPTION

The subjects comprise a modern industrial unit which has been converted internally to provide a mixture of cellular and open plan office accommodation.

The building sits within a site of approximately 0.57 acres (0.23 ha). The car park is mainly tarmac and can accommodate approximately 30 vehicles.

Internally the main area of offices benefit from raised timber floors with carpet tile coverings, plasterboard lined walls and ceiling. Additional office accommodation accessed off of this area comprises solid floors with carpet coverings, plasterboard lined walls and acoustic tile ceilings. Heating is by way of an oil fired boiler and wall mounted radiators

FLOOR AREAS

The subjects provide the following floor areas, measured in accordance with the RICS Property Measurement IPMS3

Ground Floor Office                             409.67 sq m     (4,410 sq ft)

Total Site Area                                     0.23ha              (0.57 acres)

LEASE TERMS

The property is leased to Gow Groundworks Ltd on FRI terms until 19^th June 2026 at a passing rent of £40,000 per annum. There are no further rent reviews. A personal guarantee is in place from the principal company director Alan John Gow. A copy of the lease and guarantee is available on request.

PRICE

Offers Invited.

VAT

Any price quoted is exclusive of VAT which may be applicable.

RATING ASSESSMENT

The valuation role shows a rateable value of £35,000 with effect from 1^st April 2023

The Uniform Business Rate for the year 2024/2025 is 49.8p in the £. Water and waste water rates are also payable.

ENERGY PERFORMANCE CERTIFICATE

The property has an EPC rating of D.

Full documentation is available upon request.

TENURE

Heritable

ENTRY

On conclusion of all legalities.

CLOSING DATE

Whilst a closing date may not necessarily be set all interested parties are advised to note their interest in writing to the sole selling agent.

LEGAL COSTS

Each party to bear their own costs in relation to the transaction. The purchaser will be responsible for payment of LBTT and registration dues if applicable.

OFFERS / VIEWING

All offers should be submitted in writing to the sole agents who will also make arrangements to view.