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
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
Contacts
Associate Auctioneers
Graham + Sibbald 4 Andross Street Inverness IV3 5NN
