FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD OF JULY 2025 AT 9.00AM - ***BIG ASSET MANAGEMENT POTENTIAL...UNDER LET UNITS...MASSIVE POTENTIAL INCREASE IN RENT***EXCELLENT INVESTMENT OPPORTUNITY COMPRISING OF TWO ADJOINING, TENANTED COMMERCIAL UNITS BASED IN THE HEART OF DINGWALL***BIG COMBINED POTENTIAL ANNUAL RENTAL YIELD OF 13.33% BASED MARKET RENTAL VALUES AND ON GUIDE PRICE***
***PROPERTY HIGHLIGHTS***
- Two self-contained ground floor commercial units, long-standing tenants in place, providing immediate income:
- 20A Tulloch Street let to Ian & Julie Duncan for £5,500 + VAT per annum (on annual extensions)
- 20B Tulloch Street let to Omniscot for £3,000 + VAT per annum (on tacit)
Massive potential increase in rent with a possible combined rent of £12,000 per annum (based on market rental values), producing a potential annual rental yield of 13.33% based guide price of £90,000.
- Prominent town centre location with high footfall
- Well-presented interiors with modern shop fronts
- 20A & 20B Tulloch Street are positioned on one of Dingwall’s main thoroughfares, benefiting from strong visibility and easy accessibility. The properties are located close to a range of national and independent retailers, cafes, and public amenities, as well as ample on-street parking.
***Both units are occupied by reliable tenants and generate a steady rental return, making this an ideal purchase for investors seeking a low-maintenance, income-producing asset with potential for future capital growth.***
- Location - Dingwall is a thriving market town approximately 15 miles northwest of Inverness, offering excellent transport links via road and rail. It serves as a commercial and administrative hub for the surrounding Highland communities, ensuring consistent demand for well-located retail premises.
***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 - £90,000
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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.
BIG ASSET MANAGEMENT POTENTIAL...UNDER LET UNITS...MASSIVE POTENTIAL INCREASE IN RENT
EXCELLENT INVESTMENT OPPORTUNITY COMPRISING OF TWO ADJOINING, TENANTED COMMERCIAL UNITS BASED IN THE HEART OF DINGWALL
BIG COMBINED POTENTIAL ANNUAL RENTAL YIELD OF 13.33% BASED MARKET RENTAL VALUES AND ON 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.
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