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    Lucano’s, 31-33 Victoria Street, Kirkwall, Orkney

    £280,000Freehold

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    Mortgage

    Estimated Monthly Mortgage Payment:
    £1,296 /mo.25 Years, 3.75% Interest
    Loan
    £252,000
    Total Repay
    £388,683

    Land & Buildings Transaction Tax (LBTT)

    You’ll have to pay the LBTT of:
    £3,600
    0% up to £145,000
    2% from £145,000 to £250,000
    5% from £250,000 to £280,000
    Your effective LBTT is 1.29%

    If you would like to discuss your mortgage options or get some practical advice, please use the link below to make an enquiry.

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    Watergate
    Kirkwall
    Orkney
    KW15 1PD

    T: 01856 876377
    E: info@kallanproperties.co.uk

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    Lucano’s, 31-33 Victoria Street, Kirkwall, Orkney

    £280,000

    Commercial

    Key Information

    Tenure:Freehold
    Council tax band:Not available
    Broadband:up to 80Mbps
    Mobile signal:*Based on indoor data coverage
    EEO2Vodafone

    Key Features

    THRIVING BUSINESS OPPORTUNITY
    GROWTH FOR ADDITIONAL RESTAURANT SPACE OR RESIDENTIAL DEVELOPMENT OPPORTUNITY ALONGSIDE
    GREAT LOCAL REPUTATION
    TOURISM HOT SPOT WITH HEAVY FOOT FALL TRADE
    TOWN CENTRE POSITIONING
    OPTION TO SPLIT THE PROPERTIES (BUSINESS MUST GO FIRST)
    OPTION TO LEASE WITH A VIEW TO BUYING THE BUSINESS
    CONTACT KAREN TO DISCUSS IN MORE DEPTH
    VIEWING IS HIGHLY RECOMENDED

    Description

    Nestled in the heart of Kirkwall, 31-33 Victoria Street presents a rare opportunity to own a thriving Italian restaurant with a substantial development opportunity which is positioned alongside. This substantial property, brought to the market by K Allan Properties, boasts a prime location alongside the iconic St Magnus Cathedral, making it a hotspot for locals and tourists alike.

    With a spacious interior that can comfortably seat 55-60 dining guests, this restaurant provides the perfect setting for culinary experiences and social gatherings. The fully equipped catering kitchen ensures that every dish is prepared to perfection, catering to the discerning tastes of patrons.

    Beyond its current success, this property offers room for expansion or the potential to convert part of the space into a residential dwelling, providing a versatile investment opportunity. Whether you're looking to continue the legacy of this beloved restaurant or explore new possibilities, 31-33 Victoria Street is a property brimming with potential.

    Don't miss out on the chance to own a piece of Kirkwall's vibrant culinary scene. Embrace the opportunity to own a restaurant in a prime location, where history meets modernity, and where the aroma of delicious Italian cuisine fills the air.

    BUYER OPTIONS
    The seller is open to discussions around options with regards to purchasing the business and properties. Please discuss this with Karen at K Allan Properties.

    LOCATION
    Orkney is positioned at the North of Scotland and has a thriving tourism economy, recognised as a desirable place to live and raise a family.

    Fully equipped kitchen

    - Bar area
    - Coffee machine
    - Walk in fridge and freezer
    - Walk-in dry stores
    - Customer and staff toilets
    - Office and staff toilet on the first floor
    - Presently open from 7.30 am - 9pm
    - Adjoining 1stb and 2nd floor development opportunity

    RATEABLE VALUE - £15,250

    BEST ESTATE AGENT GUIDE
    When you choose to work with us, you are officially working with one of the UK's Best Estate Agents. We first received this award in 2021 for sales and are delighted to have been invited back to London every year ever since.

    The very best agents are listed in The Best Estate Agent Guide – a website for sellers to help them choose who the best agents are in their area.

    If you want to achieve the best results for your property sale, combined with receiving the best customer service, we would love to help.

    VIEWINGS
    By appointment only, arranged through K Allan Properties.
    Call 01856 876377 or email info@kallanproperties.co.uk

    OFFERS TO
    K Allan Properties
    Watergate
    Kirkwall
    KW15 1PD
    info@kallanproperties.co.uk

    DISCLAIMER
    Whilst we endeavour to make these particulars accurate, they do not offer/form any part of a contract on offer and are not guaranteed.
    Measurements are approximate. We have not tested electricity, gas or water services or any appliances.
    Photographs may have been taken with a wide angle lens.

    Glaitness School
    (0.33 miles)
    Number of pupils: 199
    Age Range: 5 - 12
    Papdale Primary School
    (0.4 miles)
    Number of pupils: 444
    Age Range: 5 - 12
    Kirkwall Grammar School
    (0.52 miles)
    Number of pupils: 866
    Age Range: 12 - 18
    Shapinsay Community School
    (4.25 miles)
    Number of pupils: 19
    Age Range: 5 - 12
    Firth Primary School
    (5.73 miles)
    Number of pupils: 76
    Age Range: 5 - 12
    St Andrew's Primary School
    (5.97 miles)
    Number of pupils: 164
    Age Range: 5 - 12
    Orphir Community School
    (7.11 miles)
    Number of pupils: 33
    Age Range: 5 - 12
    Stenness Community School
    (8.79 miles)
    Number of pupils: 21
    Age Range: 5 - 12
    Burray Primary School
    (9.37 miles)
    Number of pupils: 50
    Age Range: 5 - 12
    Evie Primary School
    (9.64 miles)
    Number of pupils: 46
    Age Range: 5 - 12