Summary - 75-77 High St, Nairn IV12 4BW IV12 4BW
1 bed 1 bath Retail Property (out of town)
Freehold Victorian unit on Nairn High Street — strong rental upside but requires renovation and consents..
- Guide price £45,000; sold at auction
- Potential rent £800–£850 pcm; high gross yield claimed
- Freehold; vacant and requires renovation
- Victorian stone facade; high ceilings and large rooms
- Rateable value £7,500; may qualify for small business relief
- Versatile uses (shop, office, café); consents may be required
- Located on busy High Street with good footfall
- Area described as very deprived; may affect long-term demand
Set on Nairn High Street, this freehold commercial unit combines a Victorian stone façade and high ceilings with flexible, large internal spaces. Offered at a guide price of £45,000 and sold at auction, the property is vacant and requires a degree of renovation to reach its potential.
For investors, the headline is rental upside: the vendor suggests a lettable range of £800–£850 pcm (£9,600–£10,200 pa), which would equate to a very high gross yield based on the guide price. The rateable value is £7,500 and may fall under small business rates relief, helping operating costs for a new tenant.
The layout previously served as offices and will suit multiple uses — shop, office, café or takeaway (subject to consent). Good pedestrian footfall on High Street supports lettability, while excellent mobile signal and average broadband meet modern trading needs.
Material drawbacks are clear and should influence purchase strategy: the property needs renovation; some works and planning/consents may be required for certain uses (hot food takeaway); the area is described as very deprived, which may affect long-term rent growth and tenant mix. Sold at auction, purchasers should allow time for due diligence and budget for refurbishment.
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