Office for sale

Unit 3, Ormlie Ind Est, Thurso KW14

Description

The subjects comprise a detached two storey office building and yard.

Location

The subjects are located in Thurso which is a market town situated in the Caithness area of the north of Scotland, approximately 110 miles north west of the Highland capital of Inverness. The area is situated on the popular North Coast 500 tourist route and has connections by rail to the south of Scotland and also ferry ports nearby connecting the mainland to Orkney. The subjects themselves lie within Ormlie Industrial Estate which is the main industrial estate located on the southern side of the town, approximately 1 mile from the town centre with easy access to the local road network. Surrounding occupiers include a range of local and national commercial operators with Dunbar Hospital, uhi North Highland and Thurso High School being in close proximity.

Utilities

The subjects benefit from mains supplies of water, drainage and electricity. Heating within the property is provided by a Biomass boiler which supplies wall mounted radiators and blower heaters throughout the subjects. The server room contains an air conditioning unit.

EPC

The Energy Performance Certificate Rating is ‘B’

Legal Costs

Each party will be responsible for their own legal costs incurred in the preparation, negotiation and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.

Entry

On completion of legal formalities

Aml Requirements

To satisfy our money laundering requirements, once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.

Tenant Profiles - Nuvia Ltd

Nuvia Ltd occupies the main office accommodation. As part of the vinci Group, one of the world’s largest construction and engineering organisations, the company provides a secure blue-chip covenant underpinned by substantial international backing. Nuvia’s presence in Thurso is directly linked to the Dounreay decommissioning programme, where it plays a key role in delivering specialist services to support the safe and complex dismantling of the former nuclear research facility.

Tenant Profiles - Norestone Ltd

Norsestone Ltd currently occupies part of the yard space within the property. They are an established local firm who operate the site as a working depot, primarily supplying Caithness Flagstone, a distinctive Devonian sandstone, sourced from their Lieurary Quarry in Westfield, Thurso. The stone is recognised for its strength and quality and is widely used in paving and construction projects both locally and further afield.

Renewable Heat Insentive (Rhi)

The property is fitted with a wood pellet fired biomass boiler which serves heating for the office accommodation. This provides an additional income of around £22,000 per annum. Payments are index linked and are made quarterly 14 days after readings are taken. The system was installed in 2015 and the scheme is valid for 20 years. The tenant covers servicing and fuel.