Page 27 - Shepherd Commercial Auctions - Catalogue June 2023
P. 27
Lot21 1-5UnionStreetInvernessI,V1 1PP MixedUseInvestment
Features
•Multi-LeRtetail/Office •AttractiveBlendoCfovenants •CurrenItncome£67,250perannum •AsseMtanagemenOtpportunities
Description
Thesubjectscompriseasubstantiamlixed-usecommerciabluildingocfonventional decorativemasonryconstructionunderapitchedandslatedroofT.hebuildingis Category“B”Listedatingto1863andincorporatesanarrayocfarvedstonefeatures throughout.
Accommodation
Theaccommodationcurrentlycomprises2retaiulnitslaidoverthegroundandbasement floorsplus5officesuiteslaidoverthefirsatndsecondfloorlevelswithinthebuilding. Thelargerotfhe2retaiulnitsincorporatesthebasemenftloor.
Theupperfloorsareaccessedviasecurearchedentranceagtroundfloorleveleading toacentrasltaircasetotheupperfloorsA.mixocfellularandopenplanofficesuitesare providedoneithersideotfhecentrasltaircasewithcommontoileftacilitiesprovidedon eachotfhefloorlandings.
Location
InvernessistheCapitaalndmainadministrativecentrefortheHighlandsoSfcotland coveringawidegeographicareaservingover250,000peopleT.hecityiswelclonnected viathemainA9leadingsouthtoPerthG,lasgowandEdinburgha,ndnorthtoWickand ThursoT.heA96connectstoAberdeenandtheA82toForWtilliam.
ThesubjecptropertyoccupiesaprominenctornerlocationontheasternendoUfnion StreeatittsjunctionwithAcademyStreedtirectlyoppositeInvernessRailwayStation. Thepropertyiscentrallyandideallylocatedwithinclosewalkingdistanceoafrangeof shopsandbanksandthemainEastgateShoppingCentreiscloseby.
Tenancy
Thepropertyiscurrentlyleto6tenantswithacurrenatggregaterentailncomeof £67,250perannumT.heEstimatedRentaVlalue(ERV)isapproximatively£75,250per annumandthiscanbeachievedthroughthelettingotfhe2ndfloorsuitetobevacated byY-Peopleandassemtanagement.
*GuidePrice£560,000(plusfeesifapplicable)
AuctionType
UnconditionaSlale-Thebuyersfeeis2.4%incVAT(2%plusVAT)subject toaminimumo£f2,500incVAT(£2,083plusVAT).
*PleaseseeBuyer’sTermsfordefinitionogfuideprice 27 andauctionfees
