Dowle, Smith & Rutherford
Property Manager: Robert Bell B.Sc.
Partners: Paul Rutherford LL.B., N.P. & Christopher Dowle, LL.B., N.P.
Fax: (0)1595 695310
Retail Premises, Possible Development Opportunity, 141 Commercial Street, Lerwick, ZE1 0DL
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Ground Floor
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Ground Floor
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Ground Floor
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First Floor
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First Floor
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First Floor
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Second Floor
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Second Floor
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Second Floor
For sale, retail premises (formerly S & R Swanson Jewellers), ideally situated to attract passing trade, right in the heart of Lerwick’s prime shopping area on Commercial Street, near to the M&Co. store, Scottish Hydro Electric and Conochies (Lerwick’s main newsagent).
The three storey building which has been re-roofed and re-pointed in recent years, currently comprises a retail area on the ground floor with three display windows to the street, plus store rooms on the first & second floors.
The layout of the first & second floors suggests that conversion to residential use may be possible, subject to the usual consents required. This would open up the possibility of the premises providing space for a small business on the ground floor with owner’s accommodation or a letting property above.
| Price: | OFFERS OVER £70,000 |
|---|---|
| Entry: | By arrangement. |
| Viewing: | Please contact our reception (01595 695583). |
Accommodation
The premises are situated between Park Lane & Pitt Lane right in the centre of Commercial Street, Lerwick’s traditional main shopping area in Lerwick, close to the harbourfront. Other retailers in the area include Mackays store, Scottish Hydro Electric and Conochies (Lerwick’s main newsagent). Until recently the shop housed S & R Swanson Jewellers which had traded from the same site since the mid 1970’s.
The stone-built property, which is situated in the Lerwick Lanes Conservation area, has been extensively refurbished in recent years including re-roofing, re-pointing and new cast iron gutters & downpipes.
In detail the premises comprise:-
Ground Floor Shop
(Approx. 6m x 4.15m + 2.8m x 1.7m) (19‘9” x 13‘7” + 9’2” x 5’6”) With entrance from Commercial Street plus three display windows, fitted shelving & display racks, and serving counter. Stairs to the first floor.
First Floor
Storage space extending to around 5.2m x 4.25m (overall) (14‘1” x 14‘), plus additional cupboard off. Storage heater. Stairs to second floor.
Second Floor
Comprising two store rooms, approx. 4.3m x 3.7m & 3.25m x 2.45m (14‘1” x 12‘2” + 10‘8” x 8‘), and toilet.
Change of Use
The layout of accommodation on the first and second floors suggests that conversion to residential use (probably a one bedroom flat) may be possible. This would open up the possibility of the building providing space for a small business on the ground floor with owner’s accommodation or perhaps a letting property above. Any change of use would however be subject to the usual consents and prospective purchasers should satisfy themselves in this regard as no planning permission or building warrant has yet been sought.
Rates
The Rateable Value is understood to currently be £4,600 although the previous business benefited from Small Business Rates Relief. Prospective purchasers should however contact Shetland Islands Council directly for confirmation.
Centre map on Retail Premises, Possible Development Opportunity
View on the 'Shetland Property Map'
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Location
The business is situated on the west side of Commercial Street between Park Lane & 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.