101-103 Commercial Street, Lerwick

SOLD AS SEEN

101-103 Commercial Street, Lerwick presents a chance to redevelop commercial premises with a great deal of potential. The property is situated in a central location at the Market Cross in Lerwick.

Previously the ground floor was occupied by Laing’s Pharmacy. After the pharmacy moved premises, a wall was erected to create two separate units on ground floor, with a door connecting the units to allow for two businesses to operate independently. Most recently a Soap Company and a Chocolatier operated from here. The building presents opportunities to rent out for two businesses or operate as one unit.

This building is being sold as seen. No warranties will be given with respect to its condition and the state of any services, and the purchasers will have no recourse against the seller.

Due to the condition of the building, anyone viewing the property will require to be accompanied and viewing will be at their sole risk with no liability being attributable to the seller or Anderson Strathern LLP.

Accommodation:

101 Commercial Street comprises the ground floor of the three-story building with access from the Market Cross. The rear portion of the building makes up the first floor and attic. This is also accessible from a separate door, which is located behind the external stairway in Gardie Court.
101 requires immediate essential repair and modernisation before use.

Please note, aside from the ground floor windows, no windows on the upper floors look out to the Market Cross.

103 Commercial Street is on street level with a half-elevated floor leading to a back room which was previously used as an industrial kitchen. Upstairs, there is a toilet/shower room, 2 double rooms and a small kitchen area.

Ground Floor – Shop front, Back room
First Floor – Room 1, Room 2, Kitchen, Bathroom

Additional Information:

Both buildings are Category B Listed.
The Properties rateable values are £8,500 for 101 and £6,300 for 103, effective from 01 April 2023.
The current zoning of the property is in accordance with the Local Plan.
EPC Rating – E (80)

Area:
The property is situated at the Market Cross, which is connected to Commercial Street, Lerwick’s busiest shopping hub. The property can be seen from Victoria Pier, which enjoys seasonal visits from cruise liners, and is in a prime spot for local clientele as well as the seasonal tourists.

Further photos on Agent’s site.

Click on map to make it interactive.