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Prime Retail Unit To Let / May Sell, 40-42 High Street, Inverness, IV1 1JE

5,266 Sq Ft / Retail

To Let - £75,000.00 per annum

Available - Last updated: 21 August 2024

The property comprises a retail unit arranged over ground, first and second floors set within a modern building which we estimate was constructed around the 1980’s. There is an aluminium framed shop front with plate glass and fascia signage above. The internal floors are of solid/concrete construction. Within the main sales area there are suspended ceilings with acoustic tiles, integrated lighting and air-conditioning units. To the rear there is a disabled toilet, small stock area and dual staircases to the office and stock areas. The first floor office and staff toilets have been finished to a good standard. The first floor is largely open plan and there is fire exit access to the rear of the property. There is a further staircase which provides access to the second floor store and staff kitchen and changing areas. There is also a micro-lift that serves all three floors.

Location

Inverness is the retail, commercial and administrative centre for the Highlands and Islands and is located approximately 105 miles northwest of Aberdeen and 156 miles north of Edinburgh. The subjects occupy a 100% prime pitch and are located on the southside of High Street, which connects to Eastgate in the east and Bridge Street to the west. The property lies within easy walking distance of the Eastgate Shopping Centre, as well as all other amenities including bus and railway stations and public car parking. Occupiers in the surrounding area include a healthy blend of local and national occupiers including; Marks and Spencer, Costa Coffee, Bank of Scotland, Slaters Menswear, Lush and Café Nero

Accommodation

Ground Floor 163.09 sq m (1,755 sq ft )

First Floor 184.89 sq m (1,990 sq ft )

Second Floor 141.27sq m ( 1,521sq ft )

Total: 489.25 sq m (5,266sq ft )

Terms

EPC Band E.

PLANNING Class 1A (Shops) with Permitted Change to Class 3 (Food & Drink). The property would suit a range of business opportunities. Please contact the marketing agents to discuss any proposals.

LEASE TERMS To Let on FRI terms at a rental of £75,000 per annum, ex VAT

SALE PRICE We are seeking unconditional offers from parties interested in acquiring our client’s heritable interest with the benefit of vacant possession.

Price on Application.

ENTRY Immediate entry is available.

LEGAL COSTS Each Party will be responsible for their own legal costs incurred in connection with any transaction. In the normal manner, the tenant or purchaser will be responsible for LBTT, Registration Dues and VAT thereon.

SERVICES Mains water, gas and electricity. Drainage to the public sewer.

RATEABLE VALUE Current NAV/RV of £59,000 as of 1st April 2023.

Specification

  • 100% PRIME PITCH
  • GROUND, FIRST & SECOND FLOORS 
  • EXTENDS TO CIRCA 5,266 FT² IMMEDIATE ENTRY AVAILABLE 
  • SUITABLE FOR A VARIETY OF USES, STP.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £75,000.00 per annum

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Contact agents

Linda Cameron

Shepherd Commercial

01463 800145

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