Vacant Unit, Strothers Lane, Inverness, IV1 1LR – Inverness
Leisure property for sale
£13,048 221.3 sq m
Attractive and Spacious Retail Unit Extending to Around 221.3m2 in Inverness City Centre for Lease.
• Currently trading as an attractive retail unit extending to around 221.3m2, set within a prominent trading location in Inverness city centre.
• Situated adjacent to Inverness bus park & railway station, on a busy thoroughfare with a high degree of footfall leading to the city centre.
• Modern building with approx. 14-metre frontage and 3 large display windows plus high-profile signage.
• Contains large open plan display area, store, small office and staff facilities.
• Suitable for many purposes, to include café/bistro, restaurant or offices subject to the necessary consents.
The property comprises the ground floor unit of a multi-storey building within a modern development, constructed in 2008. The current business has been operating within this busy location since Feb 2010. The shop is currently a popular venue for residents and tourists to purchase a range of bespoke furniture and household / gift items, however the footfall in this area is greatly increasing and with the development planned in the locality this should continue to expand even further. The unit would therefore lend itself to a variety of purposes, and tenants can change the trading model to suit their own requirements, subject to the necessary planning consents. The internal trading aspects are open plan and benefit from an office / store / staff area plus disabled W.C. Although offered for vacant possession, the lease could be offered as a going concern, should new owners wish to continue the current business, and stock could be purchased at cost. Consideration would also be given to a freehold purchase.
THE PROPERTY The Byre can be accessed via a street level single-entry point off Strothers Lane via glazed double doors. The property benefits from a substantial frontage mainly set to glass. There are residential units above the property which are not included in the sale. The subjects are split into two main areas; the main retail area extends to about 200.5m2 and a staff / storage area of around 20.8m2, combining to extend to 221.3m2. The property is of modern construction and comprises the ground floor level only; the trading area is set to open plan configuration and benefits from attractive light fittings and flooring. The staff and storage facilities are finished to a high standard. The shop has a number of fixtures and fittings which are included in the sale. To the rear of the property is a communal fire escape.
LOCATION The unit is situated close to Inverness bus park & railway station and on the thoroughfare linking Academy Street and Railway Terrace to the A82 Longman Road which generates a high degree of footfall by both residents and visitors. Within the vicinity of The Byre are a number of national retailers and cafes which also add to passing trade.
Inverness is the commercial and administrative centre for the Highlands of Scotland. It is one of the fastest growing cities in the UK with a resident population in excess of 65,000 and a geographical shopping catchment area spanning 10,000 square miles, with a potential catchment population of around 200,000. The unit occupies a prominent position on Strothers Lane where there are two car parks nearby providing around 1000 spaces. Adjacent businesses include TK Maxx, Sports Direct, M & Co, Pizza Hut, the Post Office and Artysan’s Cafe.
Inverness has extensive facilities for residents and visitors boasting two golf courses, a theatre (Eden Court), an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues. Inverness is a busy tourist destination with its population swelling greatly in the main tourist season. Whether it is a whisky trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, the property is ideally situated to catch the eye of the many tourists who choose to visit. Inverness is a vibrant and growing City and with such expansion comes many opportunities in both commerce and social activities. Such growth benefits established businesses and ensures a year-round trade potential.
SERVICES The unit benefits from mains electricity, water and drainage.
LEASE Deposit: £10,000 Rent: £15,000 p.a. Year One £18,000 p.a. Year Two £22,000 p.a. Years Three to Five Rent Payments: Quarterly in advance Rent Reviews: Every Five years in line with RPI Lease Duration: 10 Years; 5-year break clause Lease Type: Full Repairing and Insuring; lessee bears the cost of insurance Key Entry Details: Condition survey carried out by mutual Agreement and shared cost
This leisure property for sale is located in Inverness.