FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD OF JULY 2025 AT 9.00AM - ***AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE A FULLY TENANTED COMMERCIAL PROPERTY IN THE HEART OF DINGWALL'S BUSTLING HIGH STREET***OFFERS SECURE INCOME AND LONG TERM POTENTIAL***HIGH POTENTIAL ANNUAL RENTAL YIELD OF 16.36% BASED ON MARKET RENTAL VALUE AND GUIDE PRICE***
***PROEPRTY HIGHLIGHTS***:
- Prominent High Street Location: Situated in a prime trading position within Dingwall town centre, enjoying high footfall and excellent visibility.
- Established Tenant: Let to New Start Highland, a respected charitable organisation delivering key services across the Highlands. The tenant has a strong local presence and is known for community engagement and long-term operational stability.
- Attractive Retail Premises: The property comprises a well-presented retail unit, featuring open-plan floor space, excellent frontage, and rear access.
- Secure Income Stream: Currently let for £13,750 per annum vateable. Potential rent based on market rates of £18,000 per annum. High Potential annual rental yield of 16.36% based on market rental value and guide price.
- Asset Management Potential: Scope for future rental growth or repositioning of the asset, subject to lease terms and planning.
- Location - Dingwall is a thriving market town located approximately 15 miles northwest of Inverness, serving as a key commercial hub for the surrounding Highland communities. The property benefits from proximity to national and local retailers, public transport links, and ample nearby parking.
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- Fairwinds, Upper Knockburn Road, Dingwall, IV15 9NR, 3 bedroom - SOLD Mar'25 - £255,000
- 36, Craig Road, Dingwall, IV15 9LF, 3 bedroom - SOLD Mar'25 - £240,000
- 21, Kintall Pace, Dingwall, IV15 9RL, 3 bedroom - SOLD Mar'25 - £230,000
***Dingwall is a town and a royal burgh in the Highland council area of Scotland. It has a population of 5,360 (as of 2020).***
***TRANSPORT IN DINGWALL***
***Dingwall lies near the head of the Cromarty Firth where the valley of the Peffery unites with the alluvial lands at the mouth of the Conon, 14 miles (23 km) northwest of Inverness. The town contains a particularly short canal, the Dingwall Canal, also known locally as the River Peffery. Dingwall railway station has been on what is now called the Far North Line since about 1865. It also serves the Kyle of Lochalsh Line.***Dingwall is on the former main road route to the north Highlands (A9). Heading west, the A834 joins the A835 road which is the main route to the north west Highlands, including Ullapool.***
***EDUCATION IN DINGWALL***
***Dingwall has a primary school, Dingwall Primary, serving the town.***Dingwall Academy is the secondary school serving the town and the wider area, including communities such as Strathpeffer, Contin, Conon Bridge, Maryburgh and Muir of Ord.***The Highland Theological College is located within the town, housed in a former Scottish Hydro Electric office. It is part of the University of the Highlands and Islands. Its focus is upon Theological Education, and is an accredited university for training Church of Scotland and United Free Church ministers and workers.***
***THINGS TO DO IN DINGWALL***
***Dingwall offers a variety of amenities including shops, cafes, restaurants, and parks. The town also has leisure facilities like the Dingwall Leisure Centre, which includes soft play areas, and an 18-hole golf course nearby. For those interested in history and culture, there's the Dingwall Museum and the Neil Gunn Monument.***
GUIDE PRICE - £110,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
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 FULLY TENANTED COMMERCIAL PROPERTY IN THE HEART OF DINGWALL'S BUSTLING HIGH STREET
OFFERS SECURE INCOME AND LONG TERM POTENTIAL
HIGH POTENTIAL ANNUAL RENTAL YIELD OF 16.36% BASED ON MARKET RENTAL VALUE AND GUIDE PRICE
* 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
