Shepherd markets ground floor office or retail unit in Oban town centre as investment opportunity

 

Shepherd Chartered Surveyors has brought to market a ground floor office or retail unit currently let to the world’s leading insurance broker as an investment opportunity in Oban town centre 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 to the east of Argyll Square within Oban town centre on Airds Crescent, a one-way street directly accessed from the main thoroughfare of George Street (A85). There is on-street parking to the front.

The building comprises the ground floor of a wider three-storey and attic mid terraced tenement block and benefits from large display windows fronting onto Airds Crescent with a small single storey extension to the rear of the ground floor.

The 810 sq ft property is currently configured to provide three cellular offices, a kitchenette and cloakroom.

Linda Cameron at Shepherd Chartered Surveyors said: “The property, which qualifies for 100% rates relief, is currently let to Marsh Corporate Services until October 2027 on a rent of £10,951pa. With offices in more than 130 countries, Marsh is the world’s leading insurance broker and risk advisor.”

Offers over £150,000 are invited with the benefit of the existing lease in place to Marsh. This reflects an attractive Net Initial Yield of 7.18%. 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