Lot 18 - 52-54 Baron Taylor's Street, Inverness, Inverness-shire, IV1 1QG

  • Unconditional Online Auction Sale
  • Maximum Reserve : £100,000

Maximum Reserve: £100,000

Retail Investment

  • City centre location
  • Annual income of £13,500
  • Let to Timpsons Limited

Location

Inverness is the commercial and administrative centre for the Highlands of Scotland with a resident population in excess of 65,000. The city has a potential catchment population of 350,000 and is a popular tourist destination. Baron Taylor’s Street is a well established retail pitch located within the heart of the city centre. The subjects occupy a prominent position on the south side of the street opposite Falcon Square and the Eastgate Shopping Centre.

Description

The subject comprises a 2 ½ storey stone built building under a pitched and slated roof. The ground floor is a self contained retail sales. The upper floors are accessed via a separate outside stairwell and provide staff accommodation, kitchen facilities and toilet at first floor with additional store via a fixed stairwell on the attic floor.

Tenancy

The entire property is currently let to Timpsons Limited at a rent of £13,500 per annum with a lease expiry in October 2025.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E61.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).

Accommodation

1 2 3 4 5
Ground Floor 400 sq ft (37.10 sq m)
First Floor 390 sq ft (36.27 sq m)
Second Floor / Attic 418 sq ft (38.80 sq m)
Total 1,208 sq ft (112.17 sq m)

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Security Deposit

£5,000

Buyer's Administration Fee

£720

Maximum Reserve

£100,000

Vendors Solicitor

Robin Watt, DWF (Scotland), 2 Semple Street, Edinburgh, EH3 8BL
0131 474 2426

Agreement Documents

Additional Documents

Related Documents

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