Vacant Properties/ For Sale

101 & 103 Commercial Street Lerwick

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.

For more details visit the agents website

Property portfolio-2 out of 4 now sold

Unique opportunity to acquire a commercial property investment portfolio comprising four retail units on or by Commercial Street, in the heart of Lerwick’s main shopping area. The properties are being sold due to retirement.

The units range in size from 23m² to 170m².

125 – 127 Commercial Street, Lerwick, ZE1 ODL - SOLD

This unit is currently leased to a well known international charity organisation. It forms part of a stone-built semi-detached building with a floor area estimated to extend to around 150m² or thereby. It comprises the main, well-lit retail space which benefits from a large window frontage to Commercial Street, an office, work room / store, kitchen & toilet on the ground floor (No.125), plus offices and a toilet upstairs (No.127).

The rateable value is understood to currently be £10,900.

This unit is let on internal and external insuring terms until 2029.

161 Commercial Street, Lerwick, ZE1 0EX

This unit is currently leased to the Original Cake Fridge and occupies the southern half of the ground floor of a substantial, three storey, stone-built property mainly comprising the larger unit at No.163, the access to which is situated on the other side of Burns Lane from No.161. It has a floor area of around 23m² or thereby comprising the single retail space with display windows to Commercial Street and Burns Lane, plus small store / kitchen.

The rateable value is understood to currently be £3,250.

163 Commercial Street, Lerwick, ZE1 0EX

This unit is leased to a clothing store which is the largest retail clothing store in Shetland. It forms the main part of the building also housing No.161. The accommodation extends to around 170m² comprising retail space over three floors, the ground floor again having display windows to Commercial Street and the side lane, plus a staff room / store and toilet facilities.

The rateable value is understood to currently be £8,100.

This unit is let on internal and external maintenance (painting and gutter cleaning), repairing and insuring terms until 31 December 2027 with tenant’s option to extend for a further five years until 2032.

Harrison Square (Esplanade), Lerwick, ZE1 0LL - SOLD

This unit is currently leased to a DIY store. It occupies part of the ground floor / basement of a four storey, stone-built, mixed-use building fronting Commercial Street and Harrison Square. The accommodation includes the retail space with two display windows to Harrison Square, back shop, store & WC. The floor area is estimated to be around 78m².

The rateable value is understood to currently be £7,200.

This unit is let on internal repair and external maintenance (painting etc.) terms. Also insuring terms and is a rolling tenancy.

For more information please contact the agent

Shop for sale-Commercial street

A rare opportunity to purchase a retail premises right in the heart of Lerwick town centre. The property sits in a prime location with a good level of footfall, surrounded by a mix of independent shops, services, and cafés.

Inside, the layout can be adapted to suit a variety of uses, from retail to service-based enterprises.

With its central setting and steady passing trade, this property represents an excellent investment for those looking to establish or expand a business in Lerwick’s busy town centre.

For more information please contact:

[email protected]/07771766818

Room to rent

Are you looking for a room in Lerwick town centre?

A room with many uses will be available from 6th July below Blyde Welcome. This space comes with its own access and is suitable for various businesses.

For more info, please contact Celia Smith via email [email protected]