J.G. Rae Trading Ltd., 90-92 Commercial Street, Lerwick

An exciting opportunity has arisen to purchase a well-established jewellers situated in the heart of the Lerwick’s busiest shopping hubs.

J G Rae’s first opened in 1965 and offers a wide range of jewellery, children’s jewellery, watches, clocks, pewter tankards, hip flasks and glassware, as well as offering battery/strap replacement and watch adjustments.

Offers are invited for the business as a fully equipped operational entity including all equipment, fixtures & fittings.

Accommodation:

90 Commercial Street comprises of the shop floor and a workshop, which is hidden from customers with a partition wall. A small set of stairs takes you to the slight elevated shop floor next door.

92 Commercial Street’s shop floor is slightly elevated from street level and comprises of a client’s meeting room (ring room), a storeroom and an office. An additional set of stairs leads down to the basement and comprises of a delivery room, staff kitchen, WC and storeroom.

Area:

The property is situated at 90-92 Commercial Street, Lerwick and is a short walk from Victoria Pier, which enjoys seasonal cruise liners. It is in an ideal prime spot for local clientele as well as the seasonal tourists.

Additional Information:

Both buildings are Category C Listed
The Properties rateable values are £17,300 effective from 01 April 2023
The current zoning of the property is in accordance with the Local Plan

Accounts – Abbreviated trading accounts will be made available to interested parties by permission of the owners.
Stock – The stock will be taken over at valuation on the day of sale.
Fixtures & Fittings – The fixtures and fittings are included in the sale price.

Further photos on Agent’s site.

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