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EH3 6QW
Tel: 0131 624 6640
Email: info@sva-auctions.co.uk

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Forthcoming Lots

2.00pm 22nd November 2018 - Marriott Hotel in Edinburgh
Lot 1

7C & 7E ORMLIE INDUSTRIAL ESTATE, THURSO, KW14 7QU

Industrial Ground Leasehold Investment – 1720 sq.m (0.42 acre)

Location

Thurso is Scotland’s most northerly town and is situated on the north coast of Caithness. It is approx. 109 miles north of Inverness and provides a good range of local services as well as providing a gateway to the Orkney Islands with a car ferry route from Scrabster (1.5miles to the north west). Is it also one of the larger settlements on the North Coast 500 Route. The property is located in the main Industrial location within the town which is situated under a mile south west of the town centre. Occupiers in the near vicinity include Dounreay Plant Training Facility, RDI Renewables Ltd and New Start Highland.

Description

The property comprises a parcel of ground held under a ground lease. On the site an industrial building with associated office area has been constructed with secure yard space at either end. The main building is of breezeblock construction with a harled finish under a pitched roof with timber rafters which is covered with a mixture of cement board and profiled metal sheeting finish. An extension forms the buildings into an L shape and this section has a single pitch ±lean-to² style roof covered with profiled metal. The office to the front of the site is also of breeze block construction, harled externally under a flat felt covered roof. The accommodation is subdivided and there are four sub-tenants and a couple of vacant areas as laid out in the tenancy schedule below. A mixture of upvc and timber doors, metal roller shutter, sliding metal and folding upvc doors provide access to the different sections. The property would benefit from some repairs and upgrading.

Site Area

0.172 Ha (0.42 Acre)

EPC

On application

Tenure

The property is held under a ground lease from The Highland Council for a term of 60 years from Whitsunday 1979. The tenant was obliged to erect buildings within 12 months. The current passing rent is £1,750 pa and this is subject to 5 yearly, upward only rent reviews.

Viewing

By arrangement with the Auctioneers, SVA Property Auctions Ltd Tel 0131 624 6640.

Joint Auctioneers

Allied Surveyors, Lyle House Fairways Business Park, Inverness IV2 6AA. Tel: 01463 239494 (Andy Gray).

Tenancy Schedule

DESCRIPTION OCCUPIED GROSS INTERNAL AREA RV RENT PA LEASE TERMS
Office Caithness Scaffolding 38.88sq.m
(418 sq ft)
£ 2,750.00 No formal lease
Workshop
(incl mezzanine store area)
Craigie Joinery 194.62sq.m
(2095 sq ft)
£ 4,000.00 £ 5,400.00 No formal lease
Store Sandy Gunn 288.14sq.m
(3101 sq ft)
£ 7,000.00 £ 3,600.00 13 years from 1/6/17.
Repairing & Insuring terms
Corner unit Vacant 72.24sq.m
(778 sq ft)
£ 2,000.00
End unit Vacant 91.25sq.m
(982 sq ft)
£ 4,750.00
Front yard Shared 235sq.m
(0.058ac)
Rear yard William Macgregor 461.91sq.m
(0.11ac)
No formal lease




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