Page 24 - Shepherd Commercial Auctions - Catalogue 07/12/2023

Lot 13 Reay House 17 Old Edinburgh Road, Inverness, Highland IV2 3HF Ornate stone building
Features
• Ground, first and attic floors
• Single & 2-storey projections
• For sale with Vacant Possession
• Ample on -ite car parking
• Residential development opportunity subject to planning
Description
The subjects comprise a substantial 2-storey and attic ornate stone building under a pitched slated roof. The main building has been extended on its east elevation with a 2- storey flat roof projection and a further single-storey lean-to timber section. There is also a single-storey projection on the north elevation of the main building.
Accommodation
Internally the property currently provides cellular office accommodation throughout with staff ancillary facilities and storage. The property may be suitable for various other uses, including residential conversion, subject to planning.
Floor Area 597.34 sq. m. (6,430 sq. ft.)
Location
Inverness is the commercial, administrative and business centre for the Highlands and Islands of Scotland. The city enjoys excellent transport links via the main A9 trunk road leading both north and south and benefits from daily rail and bus services. Inverness Airport lies 8 miles to the east of the city at Dalcross. Aberdeen is approx. 104 miles to the southeast with Edinburgh and Glasgow 157 miles to the south and 170 miles to the southwest respectively.
The subject property is prominently located on a corner site on Old Edinburgh Road at its junction with Porterfield Bank within the well-established Crown area of Inverness. The neighbouring area is mainly residential in nature with a number of hotels and guest houses in the vicinity.
Site Area
The buildings are set within a roughly rectangular site bounded by stone walls. The whole site extends to approximately 0.43 acres, is surfaced with tarmacadam and provides ample on-site car parking.
Site area 0.43 acres.
*Guide Price £350,000 (plus fees if applicable)
24 * Please see Buyer’s Terms for definition of guide price and auction fees
Energy Performance Rating The property has an energy rating of C.
Planning
Suitable for Class 4 (Business) use and may suit other uses, including residential conversion, subject to securing the appropriate planning consent.
The subject site is adjacent to Porterfield Prison which is relocating. The prison site is identified within the Inner Moray Firth Local Development Plan (July 2015) as having potential residential development for 30 housing units.
Rateable Value
The property has a current NAV/RV of: £50,000.
Auction Type
Unconditional Sale - The buyers fee is 1.8% inc VAT (1.5% plus VAT) subject to a minimum of £1,800 inc VAT(£1,500 plus VAT).