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Retail Property (high street) for sale

Retail Unit, Tomnahurich Street, Inverness, Inverness-Shire, IV3

Offers Over £20,000
169 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,819 sq ft (169 sq m)

Full description

This property is located on the edge of Inverness City Centre on Tomnahurich Street which is the main arterial route (A82) from Inverness leading to Fort William and the West coast. The premises is located within a busy commercial area with a wide range of local retail, office and housing close by. As capital of the Highlands, Inverness is a thriving City, attracting a high level of business activity whether from tourists, businessmen or local clientele. This unit is ideally situated as a retail unit but could be used for a number of possible business uses including cafe / office space (subject to consents).

Comprising of a ground floor detached property of traditional stone construction; the subjects are situated within a two-storey building under a pitched slate roof. The building has a sympathetic flat-roof extension of block construction. The property could be utilised as a single operating unit or could be, post consents, split into a number of separate units. The property extends to circa 169 sq m.

This ground floor retail unit comprises of a large sales area with large window displays looking directly onto the Tomnahurich Street. The retail space is split into three distinct areas; the first sales area is set within the modern extension, the mid-sales segment is set with a service counter and finally the main shop display and sales area. The premise has a large room to the rear of the property which is utilised as a repair room but this could be used as addition sales space or storage; there are also ample additional storage plus staff restroom facilities. Décor, lighting and finishes are all commensurate with the current business operation as a television retail unit.

The premises are connected to mains water, electricity and drainage services. Car parking is available outside the shop on a permit basis and ample public car parking is available within a 3-minute walk of the property.

The current rateable valuation is £17,500. The business benefits from a Small Business Bonus Scheme discount of 25% making the rates payable; the amount of rates payable is £6,443.25.

Offers over £20,000 are invited for the leasehold interest. Option to buy if within three years will see full rent refunded. Freehold Sale also available with £100,000 deposit and remainder of £80,000 paid monthly over an agreed number of years.

Rent: £20,000 p.a. rent (Year 1 restricted to £15,000; year 2 restricted to £17,000). 100% of rent is reimbursed if the property is purchased freehold within three calendar years; Rent Payments: Monthly in advance; Rent Reviews: Every Five years in line with RPI; Lease Duration: 12 Years plus (Option to purchase); Lease Type: Full Repairing and Insuring.

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