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
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)
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
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.
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.
Contacts
Associate Auctioneers
Montagu Evans 302 St Vincent Street Glasgow G2 5RU
