The Room, 73 Queensgate Inverness Inverness-shire IV1 1DG

The Room, 73 Queensgate
Inverness
Inverness-shire
IV1 1DG

Heritable Public House Investment

  • Prominent corner position in city centre location
  • 15 years unexpired to established local public house operator
  • Close to Inverness Railway station and The Eastgate Shopping Centre
  • Neighbouring occupiers include Co-operative Food, Semichem, RBS and the Post Office
  • Lot
    52
  • Auction
    11th December 2014
  • Rent
    £75,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £380,000
  • Sector
    Public House
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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* More information on the term "guide" can be found here

Heritable Public House Investment

  • Prominent corner position in city centre location
  • 15 years unexpired to established local public house operator
  • Close to Inverness Railway station and The Eastgate Shopping Centre
  • Neighbouring occupiers include Co-operative Food, Semichem, RBS and the Post Office
  • Lot 52
  • Auction 11th December 2014
  • Rent
  • Status Sold
  • Price £380,000
  • Sector
    Public House
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
102 miles north-west of Aberdeen, 157 miles north of Edinburgh, 162 miles north of Glasgow
Roads
A9, A96, A82
Rail
Inverness Station (Mainline)
Air
Inverness Airport (8 miles east)
Situation

The property is situated in a prominent corner position on the southern side of Queensgate and at the junction with Church Street. Inverness Railway Station and the Eastgate Shopping Centre are located close by. The location on Church Street is recognised as the leisure quarter in the city of Inverness.

Tenure

Heritable. Heritable (Scottish equivalent of English Freehold).

Location
Miles
102 miles north-west of Aberdeen, 157 miles north of Edinburgh, 162 miles north of Glasgow
Roads
A9, A96, A82
Rail
Inverness Station (Mainline)
Air
Inverness Airport (8 miles east)
Situation

The property is situated in a prominent corner position on the southern side of Queensgate and at the junction with Church Street. Inverness Railway Station and the Eastgate Shopping Centre are located close by. The location on Church Street is recognised as the leisure quarter in the city of Inverness.

Tenure

Heritable. Heritable (Scottish equivalent of English Freehold).

Description

The property comprises the ground floor of an attractive four storey building with an extended frontage onto Queensgate. A refurbishment and refitting of the public house took place in 2010. The upper floors comprise residential flats and are not included in the sale. There is on-street parking on Queensgate and the surrounding streets.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone +44(0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises the ground floor of an attractive four storey building with an extended frontage onto Queensgate. A refurbishment and refitting of the public house took place in 2010. The upper floors comprise residential flats and are not included in the sale. There is on-street parking on Queensgate and the surrounding streets.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone +44(0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground Public House
195.00 sq m
(2,100 sq ft)
MR WILLIAM GRANT
SKINNER AND MRS ANDREA
HAMILTON SKINNER
(t/a The Room Public House)
25 years from
26/08/2005 until
25/08/2030
£75,000 25/08/2015
and five
yearly
Totals  
195.00 sq m
(2,100 sq ft)
    £75,000

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    119 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    596 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Associate Auctioneers
Graham + Sibbald 4 Andross Street
Inverness
IV3 5NN
John Macbean 01463 236 977john.macbean@g-s.co.uk
Seller's Solicitors
Maclay Murray & Spens LLP 1 George Street
Glasgow
G2 1AL
Gillian Downie 03302 221 725gillian.downie@mms.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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