FOR SALE BY ONLINE AUCTION ON WEDNESDAY 26TH FEBRUARY 2025 AT 9AM - ***AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE A VERSATILE COMMERCIAL PROPERTY LOCATED AT STORNOWAY AIRPORT, ISLE OF LEWIS.***THIS PROPERTY OFFERS AN IDEAL SETTING FOR BUSINESSES SEEKING A STRATEGIC LOCATION WITH EXCELLENT CONNECTIVITY***SPACIOUS SIZE***OCCUPIERS MAY QUALIFY FOR 100% BUSINESS RATES DISCOUNT***
***Situated within the established Stornoway Airport Business Park, this property offers an ideal setting for businesses seeking a strategic location with excellent connectivity.***
***HIGH POTENTIAL YIELD*** - Estimated potential rent is £12,000 per annum (potential 20% yield based on guide price).
***SPACIOUS*** - The gross internal area of the subjects extends to approximately 180.81 sq m / 1,946 sq ft. The overall site area extends to approximately 0.6 acres / 0.24 hectares.
***VERSATILE SPACE*** - Suitable for a variety of commercial uses, including office, industrial, or storage (subject to planning). Comprises of a single storey industrial warehouse building of traditional brick construction. The property also benefits from two large electrically operated roller shutter doors at either gable end to eaves height providing internal vehicle access.
Internally, the main industrial area is open plan in nature with ancillary staff facilities in a single storey projection.
There is also a generous external yard area with the majority of this surfaced in tarmacadam.
***PRIME LOCATION*** - Located within Stornoway Airport, providing easy access to transport links, local amenities, and the wider Western Isles.
***Occupiers may qualify for 100% business rates discount through the Small Business Bonus Scheme. Please note eligibility for this scheme varies between businesses and should be checked with the local council***
***RECENT RESIDENTIAL NEARBY PROPERTY SALES***
- Loch Cottage, Dalbeg, Isle of Lewis, Ross & Cromarty HS2 9AE - SOLD Nov'24 - £262,000
- Oakden Crossbost, Isle of Lewis, Ross & Cromarty HS2 9NP - SOLD Nov'24 - £250,000
- 29 Marvig, Isle of Lewis, Ross & Cromarty HS2 9QP - SOLD Nov'24 - £201,000
***The subjects are located approximately 200m south east of Stornoway Airport Terminal Building. Stornoway Airport is located approximately 3 miles to the east of the town centre of Stornoway on the Isle of Lewis, Outer Hebrides***There are also good road transport links to Stornoway which is the principal town on Lewis and on the Western Isles. Stornoway also serves as the main ferry port. The airport also benefits from daily flights to and from Inverness and Glasgow
GUIDE PRICE - £60,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE A VERSATILE COMMERCIAL PROPERTY LOCATED AT STORNOWAY AIRPORT, ISLE OF LEWIS.
THIS PROPERTY OFFERS AN IDEAL SETTING FOR BUSINESSES SEEKING A STRATEGIC LOCATION WITH EXCELLENT CONNECTIVITY
OCCUPIERS MAY QUALIFY FOR 100% BUSINESS RATES DISCOUNT
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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