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105 Castle Street, Inverness

105 Castle Street, Inverness


105 Castle Street Inverness

Type
Site
Let / May Sell
Business Use
Rent/Price
Area

About

Location

Inverness acts as the capital and commercial centre for the entire Highlands and Islands region. The city lies approximately 105 miles north west of Aberdeen, 150 miles north of Edinburgh, 160 miles north of Glasgow, and is one of the fastest growing cities in the UK with a resident population more than 65,000.

Specifically, the subjects are situated on Castle Street, a short walk from the High Street, the newly refurbished Town Hall and Inverness Castle.

Surrounding properties are in mixed use, including predominantly retail units, restaurants, serviced apartments and licensed bars

Description

The subjects comprise an end terraced traditional building arranged over ground, first and attic floors.

The ground floor can be accessed from two separate pedestrian doors – a main door access from street level directly into the retail unit or from a further pedestrian door which provides access to the ground floor retail unit as well as the upper floor accommodation via a small reception area with stairs to upper levels.

At present the entire subjects are fully interconnected however the ground floor retail unit (which has separate services) could readily become a separate unit of occupation.

The first and attic floors are a mixture of treatment rooms, sta areas and sta amenity areas.

Details

Services: The property is connected to mains supplies for electricity, gas and water with drainage to the main sewer. The ground floor retail unit has separate services from the upper floors.

Rateable Value: The subjects are entered in the Valuation Roll with a Rateable Value of £8,500.The basic property rate (poundage) as of 1st April 2020 is 49.8 pence. The subjects may qualify for 100%small business bonus scheme.

Accommodation: The property has the following approximate gross internal areas:Ground Floor: 52.74 sq m / 567 sq First Floor: 68.93 sq m / 742 sq Attic Floor: 39.17 sq m / 427 sq Total Floor Area – 160.84 sq m | 1,731 sq.

Terms: We are inviting oers for the sale of the subjects at oers over £300,000. The existing furniture / equipment within are available by negotiation.

Planning: The property is presently used as a retail unit with various treatment rooms on the upper floors. We are of the view the subjects could be converted into 5 serviced apartments, subject to planning. Interested parties should contact the Highland Council Planning Department for further information.

VAT: Vat will be applicable at the prevailing rate. All prices, premiums and rents quoted are exclusive of VAT.

EPC: Tbc

Costs: Each party will be responsible for the own legal costs.

Closing Date: A closing date may be set and all interested parties should make a note of interest at the oices of the Sole Agent. We reserve the right to let the property without setting a closing date and we are not obliged to accept the highest or indeed any oer for the lease of the property.

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