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Retail Property (high street) for rent: Marshall & Pearson, 35, High St, Fort William


Reference: 37082_tk23820193

Key Features

  • Available under leasehold
  • Excellent, central location in the Town Centre of Fort William
  • Situated on pedestrianised High Street
  • Glass Frontage providing a highly visible, retail display area
  • Currently operating as a busy and successful hardware store
  • Business expands to 220.sq m, over two floors
  • Terms of the lease will be under full insuring and repair
  • Energy Performance Rating F

Description

The rent sought for the premises would be an initial rental in the region of £18,000 per annum (exclusive of any VAT payable thereon). The lease would be for 5 or 10 years and would have a provision for rent review(s), upwards, depending on the duration of any lease. The lease would be based on the tenant being responsible for maintenance, repair and renewal of the property. The rental would be paid quarterly and in advance, with the tenant being responsible for the full insuring and repair, rates, water and drainage charges, electricity, telephone, etc.
LOCATION:
The premises are located near to Fort William’s Tourist Information Centre, which is one of the busiest in Scotland. Opposite the premises is a pend which gives pedestrian access to Fort William’s View Forth Car Park. The town’s High Street is a pedestrianised thoroughfare and now forms part of the recently extended West Highland Way.
Fort William is the main district town of Lochaber and is known as the “Outdoor Capital of the UK.” The town is a popular tourist destination with a variety of tourist attractions including the Caledonian Canal, Ben Nevis, Glen Nevis and the Great Glen and has a range of outdoor pursuits including skiing, hill walking and sailing.
National retail chains such as WH Smith (its premises include a Post Office Counter), Boots and M & Co are not far from the premises. The extensive glass frontage, looking directly on to the High Street and provides a highly visible retail display area.
ACCOMODATION:
The current business is well established, operating as Marshall & Pearson, Hardware Store. The current owners have been trading successfully for over 25years. The terms and conditions of the lease will be negotiable, under full insuring and repair. Whilst the tenancy is open to any potential business use our clients would be open to discussion should the leaseholder wish to take on the lease and pursue the current hardware business with the contents being available by separate negotiation.
The store is well branded with signage displayed across the frontage. The retail area operates over split level floorings and stairs lead down to significant storage rooms, office space, kitchen area and W.C .
STAFF:
The business is currently operating with 2 full time and 2 part time members of staff in employment. Our clients oversee the running of the entire business and is fully involved in the day to day running.
BUSINESS RATES:
Currently £18,000p.a. Any new leaseholder may qualify for discounts under the small business scheme. Purchasers should enquire with the relevant local authority to confirm the exact rates payable.
REASON FOR SALE:
Our clients have worked extremely hard over the past 25years and are now looking towards, well earned retirement.

RETAIL AREA:

RETAIL AREA 1: 7.91m x 7.06m (25’11” x 23’01”)
RETAIL AREA 2: 6.81m x 6.31m (22’03” x 20’08”)

Retails areas are on split level and comprise of wall and counter displays.
There is key cutting machine and counter space.

STORE ROOM (REAR): 7.12m x 4.96m (23’04” x 16’03”)
Fire doors. Shelving and racking.

STAFF AREA: 4.60m x 2.66m (15’01” x 8’08”)

KITCHEN: 3.m x 2.50m (9’09” x 6’08”)

STORE ROOM (FRONT): 7.03m x 4.55m (23’08” x 14’11”)
Shelving and racking.

W.C: 2.11.m x 2.m (6’11” x 6’06”)

OFFICE: 3.70m x 2.16m (12’01” x 7’09”)

All sizes are approximate and at the longest x widest points where applicable.

MISCELLANEOUS:
Current trading hours:
Monday—Saturday: 9am—5.30pm

Scottish Assessors Rateable Value:
£18,000pa.
A new tenant may qualify for discounted small business rates.

It should be noted that any “stock” is not included in the lease price should the new tenant wish to continue the business, Marshall & Pearson Hardware but could be available under separate negotiation.

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Reference: 37082_tk23820193

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Property Department
Tel: 01397 703231