York House, 20 Church Street, Inverness

York House, 20 Church Street, Inverness


York House, Church Street Inverness

Type
Office
Sale Secured
Business Use
Rent/Price
Area

About

Location

The city of Inverness is the commercial and administrative centre for the Highlands and Islands of Scotland with a resident population in excess of 65,000. The city has a catchment population of 350,000 and is a popular tourist destination.

The subject property is located on the eastmost side of the pedestrianised section of Church Street at its junction with Baron Taylor’s Street, a short distance from the main High Street within the city centre. Church Street connects to both Union Street and Queensgate which connect directly to Academy Street the main thoroughfare through Inverness city centre. Inverness railway and bus stations are within close walking distance of the property as is the main Eastgate Shopping Centre and all other city centreamenities. Inverness Airport is located at Dalcross approximately 10 minutes drive to the east of the city.

The neighbouring area to the subjects comprises the Victorian Market, a mix of both national and local traders, a selection of pubs and restaurants as well as  a number of city centre hotels.

Description

The property comprises first, second and third floor offices within a corner terrace building of traditional stone and slate construction. Access to the upper floor is via an attractive arched recessed entrance at ground floor level with stone steps up to double timber entrance doors leading into a vestibule and stairs to the first floor. The building is not Listed but does sit within a conservation area.

The accommodation retains many original features and is set out as cellular offices with staff ancillary facilities arranged around central staircases on each floor. The current floor layouts are shown on the floor plans overleaf.

Details

Rateable Value: The property is entered in the current Valuation Roll with an NAV/RV of £32,000.

Accommodation: Traditional stone and slate building offering 3 floors set out as cellular offices with many original attractive features

Terms: Our client’s Heritable Interest with the benefit of the existing lease is available For Sale at a reduced price of OFFERS OVER £295,000, exclusive of VAT.

Rent: A lease in respect of the subjects is currently in place to Ledingham Chalmers LLP at a rental of £45,000 per annum, exclusive of VAT, which runs until 6th June 2024.

Planning: The property is currently occupied as offices benefiting from Class 4 (Business) planning use consent. Other potential uses including conversion to residential (flats), hotel, hostel or tourist accommodation may be possible, subject to securing the appropriate Planning Permission from The Highland Council. Please discuss any proposals with the marketing agents.

VAT: The property is not elected for the purposes of VAT, therefore VAT will not apply to any sale. The sale could be treated as a TOGC

EPC: The property has a current EPC Rating of: “F”. The EPC Certificate and Recommendations Report are available on request.

Costs: Each party will be liable for their own legal costs. In the normal manner. The purchaser will be responsible for LBTT, Registration Dues and VAT (where applicable).

Viewing & Further Information: Strictly by appointment by contacting the joint marketing agents: Rennie Property Consultants and Shepherd Chartered Surveyors

Price: Reduced Price

Plans, Areas & Schedules: The Gross Internal Area extends to circa 700.76 m² (7,543 ft²)

Features

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