27-31 Academy Street
Inverness
Highland
IV1 1JN

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
    04/Nov/2021
  • Vacant Possession
  • Status
    Sold
  • Price*
    £220,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 27-31 Academy Street, Inverness, Highland, IV1 1JN
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

AccommodationFloor 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    807 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    918 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP 141 Bothwell Street
Glasgow
G2 7EQ
Pamela Gorman 0141 567 8674pamela.gorman@pinsentmasons.com

Useful Links

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