To Let/May Sell
The City of Inverness lies c. 105 miles northwest of Aberdeen and c. 160 miles north of Edinburgh and Glasgow. With a resident population exceeding 65,000 persons, the catchment is significantly broader, reflecting the city's status as the retail, commercial and administrative centre for the Highlands and Islands Region. Transport links are excellent; Inverness Rail Staion, a major generator of tourist footfall , lies less than 5 minutes' walk from the subjects, whilst the A9 (Aviemore, Perth and beyond to the south, Ullapool and the NC500 to the north) is located 1 mile from the city centre and Inverness Airport a mere 7 miles.
Retail facilities within Inverness are focused upon the Eastgate Shopping Centre and pedestrianised High Street, together with Inglis Street, providing a prominent link through to the Railway Station. Neighbouring occupiers include the likes of M & S, TSB, Boots, Slater Menswear and Krispy Kreme.
The subjects comprise two interlinked buildings with extensive building frontage to Inglis Street. They have been utilised in their current form as a coffee shop with additional on-street seating for c. 25 years. Internally the premises are currently fitted out to provide sales and public wc facilities at ground and first floors, ancillary storage at basement, whilst the second and third floors have been left void.
Net Frontage: 22’3 (6.78m)
Ground floor (sales): 801sq ft ( 74 sqm)
First floor (sales): 2,215sq ft (205 sqm)
Basement (storage: 680sq ft ( 63 sqm)
Second floor (offices/void): 831sq ft (170 sqm)
Third floor (void): 766sq ft ( 71 sqm)
Total NIA 6,293sq ft (585 sqm)
The property benefits from both Class 1 and Class 3 planning consent. For verification interested parties should make their own enquiries to Highland Council Planning Department.
The shop is available on a new FRI lease for a period of 10 or more years, subject to periodic rent reviews. Consideration may also be given to a sale with vacant possession – terms upon request.
We understand that the property is now assessed as follows:
Rateable Value £34,500
UBR (2024 -25) 49.8p
Rates payable £17,181
Offers in excess of £32,500 per annum.
Each party is to be responsible for their own legal costs incurred in the transaction.
A certificate can be made available upon request.
VAT will be applicable at the prevailing rate.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Strictly through this office.
