Unit 1, Airds Crossing, 2 High Street, Fort William, PH33 6EU
Availability
For Sale
Price
£1,165,000
Key Points
- Prime location in the “Outdoor Capital of the UK” Fort William, a popular tourist location in the West Highlands of Scotland
- Index linked long income secured against the undoubted financial covenant of Tesco Stores Limited until 22/01/2043
- Tesco relocated to the subject property in 2023, right sizing their store for long term occupation
- The Original Factory Store (TOFS) have recently committed to a new lease of the adjoining unit which extends to approx. 11,000 sq ft
- Ground floor unit extending to 4,068 sq ft with dedicated service yard to the rear
- Passing rent of £77,000 per annum with the next RPI linked rent review due 23/01/2028
- Offers over £1,165,000 reflecting a net initial yield of 6.25%, assuming standard purchaser’s costs