Naver Business Centre, Thurso, Caithness
Offers Over £195,000
Thurso is the main town in the north of Scotland, and the administrative centre for Caithness and the north coast. It has a resident population of approximately 9,000, and has a broad range of amenities and facilities including secondary and tertiary education, a range of town centre retail property, business
and industrial parks, and is adjacent to the ferry port of Scrabster, serving the Orkney Islands and the oil industry. Thurso is also approximately 8 miles east of Dounreay Nuclear Power Station, and derives a great deal of business from the ongoing decommissioning works. Inverness, the Highland capital, is 110 miles south.
The property is located within the Pennyland Housing Estate, on the western outskirts of Thurso, approximately a half mile from the town centre. Surrounding properties are predominantly residential in
nature with a sports ground located to the rear.
The subjects consist of a linked two storey building providing office accommodation on ground and first floor. On two sides the property is linked with adjoining residential dwellings.
It is understood the subjects were originally built in the 1960’s as an apprentice hostel for Dounreay and were subsequently converted by the local authority to a care home. In 2002 the property was completely refurbished and converted to its current use. As a business centre it provides furnished offices of various sizes, meeting rooms with catering and business services.
The subjects offer an opportunity to purchase attractive office premises suitable for owner occupation with an established rental income in place and asset management potential for a proactive owner. The occupancy of the building is currently sitting at over 70% with nett earnings approaching £40,000 per annum. In its current state it represents a potential yield of almost 20%.
Furthermore, owing to the residential property surrounding the subjects there is potential for residential redevelopment of the property, subject to consent.
Energy Efficiency Rating: E+
Contact: Andy Gray
Phone: 01463 239494
Our Ref: CBISP-7377