Shepherd brings to market coffee shop investment opportunity in Oban for sale
Shepherd Chartered Surveyors has brought to market a coffee shop investment opportunity in Oban for sale.
Oban ‘The Little Bay’ in Gaelic, is a well-established port town within Argyll and Bute Council Area and is one of Scotland’s most popular tourist destinations located on the coast of the Firth of Lorn with views out to the islands of Lismore and Kerrera with the Isle of Mull beyond.
Known as the ‘Gateway to the Isles’, Oban is Caledonian MacBrayne’s busiest ferry terminal serving the Western Isles. The town lies at the western end of the A85 which joins the A82 to Glasgow. The town is 45 miles southwest of Fort William.
The property is located on the eastern end of Stafford Street opposite the Oban Distillery and near to Oban’s North Pier.
Stafford Street enjoys a high level of pedestrian footfall and connects directly to George Street which forms part of the main A85 through the town centre. There is a good selection of both local and national operators in the immediate vicinity.
The attractive ground floor unit currently operates as a coffee shop set within a wider three-storey attached building of traditional masonry construction with the upper floors in residential use.
The café has two large windows fronting Stafford Street with accommodation providing a servery/counter area with kitchen to the rear, a seating area (23 covers), male and female toilets plus a small store.
To the front of the building there is provision for further external seating (16 covers) under pull-out awnings.
Linda Cameron at Shepherd Chartered Surveyors said: “There is a short-term lease in place to an established local operator trading as Julie’s Coffee House. The current tenant has been in occupation since 2017. The current rental income is £12,000 per annum.”
The 500 sq ft property qualifies for 100% rates relief. Offers over £150,000 are invited for this VAT free sale. This reflects an attractive Net Initial Yield of 7.86%.
Interested parties should contact the sole selling agent on tel 01463 712239.
ENDS
For further information please contact Linda Cameron at Shepherd on tel 01463 712239
