36 Union Street Inverness Inverness-Shire IV1 1PX

36 Union Street
Inverness
Inverness-Shire
IV1 1PX

Heritable (Scottish Equivalent to English Freehold) Retail Investment

Let to First Choice Retail Ltd and guaranteed by First Choice Holidays Limited
Located within Inverness' principal retailing core
Surrounding occupiers include Sony Centre, Oddbins, Barclays Bank, British Heart Foundation Jessops, Clydesdale Bank and Santander
Please note that the property adjoins Lot 48 in the catalogue

Lot
40
Auction
8th July 2010
Rent
£37,000 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

Let to First Choice Retail Ltd and guaranteed by First Choice Holidays Limited
Located within Inverness' principal retailing core
Surrounding occupiers include Sony Centre, Oddbins, Barclays Bank, British Heart Foundation Jessops, Clydesdale Bank and Santander
Please note that the property adjoins Lot 48 in the catalogue

Lot 40
Auction 8th July 2010
Rent £37,000 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 prominently located on Union Street, one of Inverness' principal retailing streets close to both the High Street and the Eastgate Shopping Centre. Surrounding occupiers include, 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 RETAIL UNIT providing WELL CONFIGURED RETAILING SPACE at ground floor level with STAFF AND STORAGE ACCOMMODATION at basement level.

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 RETAIL UNIT providing WELL CONFIGURED RETAILING SPACE at ground floor level with STAFF AND STORAGE ACCOMMODATION at basement level.

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 Basement	Retail Storage	91.95 sq m 70.56 sq m	(990 sq ft) (760 sq ft)	FIRST CHOICE RETAIL LTD (guaranteed by First Choice Holidays Limited) (1)	15 years from 20/10/1999 on a full repairing and insuring lease	£37,000	30/09/2014
Totals		162.51 sq m	(1,750 sq ft)			£37,000

1) First Choice Retail Ltd is a subsidiary of TUI UK Limited, part of the TUI Travel plc group of companies the UK's leading leisure travel company. (Source:www.firstchoice.co.uk) For the year ending 30th September 2008, First Choice Holidays Limited reported a turnover of 2,494,000, pre-tax profits of 238,142,000 and a net worth of 674,559,000. (Source: www.riskdisk.com 10/06/2010)