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

Property Details

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.

EPC Rating E

Request home report

Thank you for requesting the Home Report. We need to capture a few details to enable us to record that you have viewed this Home Report. This is to ensure that you can be notified should any of the information in the Home Report be updated.

Once you have submitted this form, you will either receive an e-mail with a link to the Home Report or confirmation that the solicitor estate agent selling the property will be in touch.

Your contact details will be shared with the solicitor selling the property and they may contact you. By continuing with your request you consent with ESPC to share your contact details with the selling solicitor.