21 Queensgate, Inverness, Inverness, IV1 1DF

1. An opportunity to acquire a heritable bar/restaurant investment. 2. The tenant has traded since 2015. 3. The subjects are listed meaning no liability to pay empty property rates if it became vacant at present. 4. The investment provides a purchaser with an attractive lot size. 5. Tenant appears to be trading well. Offers in excess of £250,000 are invited. The investment property is located in the city of Inverness which has a population in excess of 50,000 people. It is the administrative centre for the Highlands & Islands lying approximately 150 miles north of Edinburgh and approximately 105 miles west of Aberdeen. The property is located on the south side of Queensgate within Inverness city centre with other nearby occupiers including various national retailers and the main Post Office. This unit occupies a central position to trade as a bar / restaurant. There are public car parks within easy walking distance along with the main railway station and bus station. The property comprises the ground and basement of a three storey attic and basement block which we understand to have been constructed around 1890. The property has been extended to the rear by means of a single storey and basement projection. The property is connected to mains supply for water and electricity whilst drainage is to the public sewer. The property also benefits from a gas supply serving hot water and heating. The public areas are fitted out to a high standard with modern lighting. The property has the benefit of a Fire Alarm System. Let to Cru Holdings Limited (formerly Olobar Limited) from 16th March 2015 until 15th September 2020 with the tenant entitled to extend the lease for a further period of 5 years from and including 16th September 2020 until and including 15th September 2025 giving the landlord no less than 6 months’ notice. Furthermore, they are entitled to extend the lease for a further period of 5 years from and including 16th September 2025 until and including 15th September 2030. We understand the tenant is obligated to repair, renew or rebuild at all times throughout the lease.

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