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Property
Property description & features
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 16 November 2023
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
PRIME COMMERCIAL INVESTMENT IN THE HEART OF INVERNESS CITY CENTRE. 2 Shops and 5 office suites generating immediate rental income of £63,900 per annum. First floor vacant- potentially over £80,000 p.a. *FULL BUILDING* SUPER SIZE- approximately 438.17 sqm (4,716 sq ft) AND LOCATION in busy city centre opposite the main train station. MASSIVE RENTAL INCOME of almost £64,000 per annum. The upper floors may have potential for residential use, subject to the existing leases and obtaining all the necessary consents. All enquiries should be made with Highland Council Planning Department. PRIME TRADING LOCATION within extremely popular city centre with neighbouring occupiers including Blacks, Virgin Money, M&S Foodhall, Pizza Express and Barclays Bank. FANTASTIC INITIAL YIELD with potential for increase. The affluent City of Inverness is the main retail and commercial centre for the Scottish Highlands and is regarded as Scotland's fastest growing city following significant investment locally.
Auction Details
16 November 2023, 10am-3pm
Timed Online Auction
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