Heritable Vacant Town Centre Retail/Development Opportunity
Whole building with Asset Management Opportunities (subject to consents)
Prominent position in City Centre close to Railway Station
Treble fronted retail unit
Neighbouring occupiers include M&Co, Rohan, Travelodge and Craigdon Sports
Lot 37
Auction 4th November 2021
Vacant Possession
Status Sold
Price £220,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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 Railway Station
Air
Inverness Airport
Situation
Inverness is considered the capital of the Highlands & Islands and has a population of approximately 65,000, having a large catchment area to the north and west Highands. Academy street is one of the main retail streets in Inverness City Centre. The street runs from the Eastgate Shopping Centre north to the junction with Chapel Street. The property is situated on Academy Street close to its junction with Union Street. Nearby occupiers include Rohan, Travelodge, Sports Direct, TK Maxx and Craigdon Sports
Tenure
Heritable.
Location
Miles
102 miles north-west of Aberdeen
157 miles north of Edinburgh
162 miles north of Glasgow
Roads
A9, A96, A82
Rail
Inverness Railway Station
Air
Inverness Airport
Situation
Inverness is considered the capital of the Highlands & Islands and has a population of approximately 65,000, having a large catchment area to the north and west Highands. Academy street is one of the main retail streets in Inverness City Centre. The street runs from the Eastgate Shopping Centre north to the junction with Chapel Street. The property is situated on Academy Street close to its junction with Union Street. Nearby occupiers include Rohan, Travelodge, Sports Direct, TK Maxx and Craigdon Sports
Tenure
Heritable.
Description
The property comprises a ground floor treble fronted retail unit with ancillary accommodation at first floor. The unit benefits from a further retail access to the rear into Queensgate Arcade, a popular covered retail parade with a number of local retail traders.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested parties are referred to Highland Council. www.highland.gov.uk.
Completion Period
Six week Completion
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor treble fronted retail unit with ancillary accommodation at first floor. The unit benefits from a further retail access to the rear into Queensgate Arcade, a popular covered retail parade with a number of local retail traders.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested parties are referred to Highland Council. www.highland.gov.uk.
Completion Period
Six week Completion
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Accommodation
Floor Areas (Approx)
Possession
Ground Floor First Floor
300.67 sq m 229.27 sq m
(3,237 sq ft) (2,468 sq ft)
Vacant
Total
529.94 sq m
(5,705 sq ft)
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
