FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD OF JULY 2025 AT 9.00AM - ***FANTASTIC OPPORTUNITY TO AQCUIRE A TENANTED RESTAURANT IN THE HEART OF DINGWALL***OFFERS IMMEDIATE INCOME AND GREAT ASSET MANAGEMENT POTENTIAL***CURRENT ANNUAL YIELD OF 7.94% BUT A RENT REVIEW IS OUTSTANDING (LAST DONE IN 2022)***
***This well-positioned premises is located on Tulloch Street, a busy thoroughfare within the town centre, surrounded by a range of established businesses and close to key transport links. The property comprises a ground-floor restaurant with prominent frontage, offering strong visibility and footfall.***
***KEY FEATURES***
- Fully tenanted investment generating a steady rental income
- Prime central location within Dingwall’s commercial district
- Attractive traditional frontage with large display windows
- Flexible internal layout suitable for a variety of commercial uses
- Hot food restaurant
- Lease Details: Tenant start date of 2013, current lease ends June 2028. Current annual yield of 7.94% but a rent review is outstanding (Last done in 2022)
Dingwall is a thriving market town in the Scottish Highlands, approximately 15 miles north-west of Inverness, benefiting from a growing residential population and increasing commercial activity.
***This property represents a solid addition to any investment portfolio, appealing to buyers seeking secure income with potential for future capital growth.***
***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 - £65,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
FANTASTIC OPPORTUNITY TO AQCUIRE A TENANTED RESTAURANT PROPERTY IN THE HEART OF DINGWALL
OFFERS IMMEDIATE INCOME AND GREAT ASSET MANAGEMENT POTENTIAL
CURRENT ANNUAL YIELD OF 7.94% BUT A RENT REVIEW IS OUTSTANDING (LAST DONE IN 2022)
* 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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