For Sale

New Listing
For Sale
Investment, Office, Office Investment, Yard
Unit 3, Ormlie Ind Est, Thurso, KW14 7QU
Tenure: For Sale
Size: 11,412 sq ft (1,060 sq m)
Price: Offers Over £725,000

Key Features

  • Multi let office/industrial property let to blue chip covenant Nuvia Ltd (part of the VINCI Group) and Norsestone Ltd
  • Current rental income of £74,100 p.a. with a further c. £22,000 p.a. net income from the Renewable Heat Incentive totalling £96,100 p.a.
  • Extensively refurbished office accommodation with storage space extending to NIA of 11,412 sq ft as well as separately let yard
  • Strategic location supporting the Dounreay nuclear power decommissioning programme (projected into 2070’s)
  • Offers over £725,000 are invited

The subjects comprise a detached two storey office building and yard.

The subjects are located in Thurso which is a market town situated in the Caithness area of the north of Scotland, approximately 110 miles north west of the Highland capital of Inverness. The area is situated on the popular North Coast 500 tourist route and has connections by rail to the south of Scotland and also ferry ports nearby connecting the mainland to Orkney. The subjects themselves lie within Ormlie Industrial Estate which is the main industrial estate located on the southern side of the town, approximately 1 mile from the town centre with easy access to the local road network. Surrounding occupiers include a range of local and national commercial operators with Dunbar Hospital, UHI North Highland and Thurso High School being in close proximity.

Rateable Value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a combined Rateable Value of £57,450 effective 1st April 2023.

Utilities

The subjects benefit from mains supplies of water, drainage and electricity. Heating within the property is provided by a Biomass boiler which supplies wall mounted radiators and blower heaters throughout the subjects. The server room contains an air conditioning unit.

EPC

The Energy Performance Certificate Rating is ‘B’.

Legal Costs

Each party will be responsible for their own legal costs incurred in the preparation, negotiation and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.

Entry

On completion of legal formalities

AML Requirements

To satisfy our money laundering requirements, once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.

Calum Dunbar

RICS Registered Valuer
Andy Gray

Director | RICS Registered Valuer

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