34 Union Street Inverness Inverness-Shire IV1 1PX

34 Union Street
Inverness
Inverness-Shire
IV1 1PX

Heritable (Scottish Equivalent to English Freehold) Retail Investment

Located within Inverness' principal retailing core
Let to Indigo Retail Limited (t/a Heat Waves) until 2018
Surrounding occupiers include First Choice, Sony Centre, Oddbins, Barclays Bank, British Heart Foundation, Jessops, Clydesdale Bank and Santander

Lot
48
Auction
8th July 2010
Rent
£30,500 per Annum
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Heritable (Scottish Equivalent to English Freehold) Retail Investment

Located within Inverness' principal retailing core
Let to Indigo Retail Limited (t/a Heat Waves) until 2018
Surrounding occupiers include First Choice, Sony Centre, Oddbins, Barclays Bank, British Heart Foundation, Jessops, Clydesdale Bank and Santander

Lot 48
Auction 8th July 2010
Rent £30,500 per Annum
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated Residential Population: 40,949
Miles: 104 miles north-west of Aberdeen; 157 miles north of Edinburgh; 170 miles north-east of Glasgow
Roads: A9, A96, A82
Rail: Inverness Railway Station
Air: Inverness Airport

Situation

The property is well located on Union Street, one of Inverness' principal retailing streets, close to both the High Street and the Eastgate Shopping Centre. Surrounding occupiers include First Choice, Sony Centre, Oddbins, Barclays Bank, British Heart Foundation, Jessops, Clydesdale Bank and Santander.

Tenure

Heritable. (Scottish Equivalent to English Freehold)

Location

Estimated Residential Population: 40,949
Miles: 104 miles north-west of Aberdeen; 157 miles north of Edinburgh; 170 miles north-east of Glasgow
Roads: A9, A96, A82
Rail: Inverness Railway Station
Air: Inverness Airport

Situation

Tenure

Heritable. (Scottish Equivalent to English Freehold)

Description

The property comprises a traditional GROUND FLOOR RETAIL UNIT providing good OPEN PLAN RETAIL SPACE with ADDITIONAL STORAGE SPACE and STAFF ACCOMMODATION. Please note that the property adjoins Lot 40 in the catalogue

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

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 Ground	Retail Storage/Staff	75.14 sq m 24.00 sq m	(809 sq ft) (258 sq ft)	INDIGO SUN RETAIL LTD (t/a Heat Wave) (1) (2)	15 years from completion on a new full repairing and insuring lease	£30,500	27/01/2013
Totals		99.14 sq m	1,067 sq ft)			£30,500

(1) Indigo Sun offers award winning tanning services from 37 salons nationwide, mainly located in Scotland. (Source: www.indigosun.co.uk 11/06/2010) (2) Please note the tenant has instructed agents to market their leasehold interest.