Wick is located on the north east coast of Scotland approximately 95 miles north of Inverness. The town is on the main highway (the A99–A9 road) linking John o' Groats with southern Britain. The Far North railway line links Wick railway station with southern Scotland and with Thurso, the other burgh of Caithness. Wick Airport is on Wick's northern outskirts.

The main offices of The John O’Groats Journal and The Caithness Courier are located in Wick, as are Caithness General Hospital (run by NHS Highland), the Wick Carnegie Library and local offices of the Highland Council. Wick Sheriff Court is one of 16 sheriff courts serving the sheriff Dom of Grampian, Highland and Islands.

We have been provided with the following net internal floor areas;

The Factory Shop Ltd (Co. No. 4176887), has reported the following figures;

The Original Factory Shop was founded in 1969 and comprises 217 ‘mini’ department stores across the UK, as well as a trading website. The business sells a wide range of branded and own sourced products across fashion, footwear, and household departments at significant discounts to a broad customer base. Stores are most often in market towns and tourist locations where they act as both a shopping destination and the major non-food retailer in the immediate locality. The group has continued its store opening program, with 4 new stores opened in the latest financial year. The group believes there is potential for at least 400 Original Factory Shop stores throughout the UK. Additionally, the Olympic Programme has continued at pace, aimed at updating the older stores within the portfolio with 78 stores now through the process. A new £34.5m financing deal was agreed by the group in the financial period, which has guaranteed a further £10m of funding. This will allow the business to continue on its growth path and is a sign of the confidence their lending providers have in the future of the business.

For further information please visit www.tofs.com.

1. An opportunity to acquire a heritable retail investment;

2. The investment provides secure income - let to The Factory Shop Limited - Shareholders’ Funds £49.9 million;

3. B Listed building meaning no liability to pay Empty Property Rates;

4. Guaranteed minimum rental increase in 2020;

5. Attractive unexpired lease term;

6. The property occupies a prominent position within Wicks’s principal retailing pitch;

7. A purchase at the asking price reflects an attractive net initial yield;

8. The investment provides a purchaser with an attractive lot size.