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Cowan House, Inverness

Cowan House, Inverness


Inverness Retail & Business Park, Highlander Way Inverness

Type
Investment for Sale, Office
Investment For Sale
Business Use
Rent/Price
Area
3,132.96 sq.m

About

Cowan House offers a prime investment opportunity within Inverness Retail & Business Park. Inverness is the UK’s most northern city and is the administrative centre for the Highlands & Islands. This open plan office building has an excellent location in the established Business & Retail Park – the dominant out of town retail / leisure scheme in the city and for the wider Highland region. The park extends to some 241,000 sq.ft and is anchored by a 100,000 sq.ft Tesco Extra Superstore. Cowan House benefits from the amenities offered by the retail park which includes a Costa Coffee, Everlast Fitness Centre, Starbucks, Nandos, several other national retailers and Vue Cinema.

The property comprises flexible open plan floor spaces, with carpeted raised access floors. The office is serviced with air conditioning and gas central heating. The entire building is let to Capgemini UK Plc who have had tenancy since 2001. Capgemini is planning to undertake a full replacement of the chillers and upgrade the existing HVAC ventilation system. This is earmarked for Q1 2022 at a cost of approximately £350,000.

The lease expiry is 13/01/2032. Full lease details available on application to the selling agent.

Details

Rateable Value: £437,000

Accommodation: Flexible open plan offices

Rent: Passing rental: £518,695 per annum (£15.38 per sq.ft)

VAT: The property is elected for VAT however it is anticipated that any sale can take place by way of a Transfer of a Going Concern (TOGC).

EPC: The Energy Performance Certificate can be made available on request. The current Rating is “D”.

Costs: Each party will be responsible for their own Legal Fees. Should any LBTT or Registration Dues be applicable, the purchaser will be liable.

Viewing & Further Information: Strictly by appointment by contacting the marketing agents: Rennie Property Consultants; Graham & Sibbald; Dougray Smith

Plans, Areas & Schedules: Total NIA 3,132.96 sq.m / 33,724 sq.ft with 120 car parking spaces

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