Property for sale

Driving Test Centre, 4 Longman Drive, Inverness, Highland, IV1

Offers in Region of £1,900,000

Property Description

Key features

  • Let to Secretary of State for Communities & Local Government t/a Driving Standards Agency
  • Term certain until 30th September 2023 (just under 8 years unexpired)
  • Lease expiry 30th September 2048
  • Current passing rent of 196,445 per annum with a further RPI indexed rent review in 2018
  • Site area of 1.87 acres

Full description

The property comprises a flat site of approximately 1.87 acres, (0.77 ha), which is currently used as a driving school and motorcycle test centre. It is predominantly an open tarmacked area with a
small cabin of c. 1,000 sq ft at the entrance which is used as a waiting area and office.

We are instructed to seek offers in the region of £1.9m for the Long Leasehold interest in the subject property. A purchase at this level reflects a Net Initial Yield of 8.11% after purchaser's costs including LBTT.


More information from this agent

Listing History

Added on Rightmove:
06 December 2015

Nearest station

  • Inverness (0.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

CKD Galbraith, Stirling

Suite C1, Stirling Agricultural Centre, Stirling, FK9 4RN

01786 633412 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Inverness (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

CKD Galbraith, Stirling

Suite C1, Stirling Agricultural Centre, Stirling, FK9 4RN

01786 633412 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference STR150141. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CKD Galbraith, Stirling. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.