Restaurants for sale in Inverness

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Non-Trading Restaurant in Inverness City Centre for Lease

Inverness, Highland Council, Scotland

  • Leasehold Price: £30,000
  • Sold
Seller Reference: Castle Restaurant Leasehold
Business Description
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Seller Reference: Castle Restaurant Leasehold
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Business Description
• Attractively presented, non-trading restaurant/development opportunity within the heart of Inverness, capital of the Highlands.

• Prominent trading location in the city center, suitable for a variety of purposes subject to consents.

• Located opposite Inverness Castle which has plans to open to the public thus increasing footfall to the area significantly.

• Deceptively spacious property, over two floors with full commercial kitchen and fixtures and fittings left in situ.

• Profitable business which ceased trading in Summer 2019.

The Castle Restaurant was a well-presented and popular catering establishment situated in the heart of Inverness, benefitting from an enviable trading location opposite Inverness Castle. The building is Cat B listed. This deceptively spacious restaurant, was a popular dining venue with both locals and the many tourists who visit Inverness swelling demand for tables in the main season (Apr - Oct). Closed during the summer period of 2019, the business retains all the fixtures and fittings required to reopen as a catering establishment should new owners wish. The restaurant is in good condition and the service areas and kitchen remain fully functional.

The location on Castle Street and proximity to Inverness Castle which will open to the public in the next couple of years, will see the footfall increase significantly in this part of inverness. This unit could be suitable for a variety of uses subject to local authority planning consents, to take advantage of the opportunity this new visitor attraction will present.

Customer entry to the trading elements is off the pavement to the front through a double door. There is a separate side entrance for deliveries etc. Once inside the unit has a split-level layout with fixed tables and upholstered bench seating for 72 covers. The property is lit by recessed ceiling lights, and also air conditioned by means of recessed air conditioning units. There are good quality ladies' and gents' wash rooms.

A commercial service kitchen is located immediately to the rear of the main restaurant area, this exceptionally well fitted out workspace comes complete with extraction unit, quality facilities, utensils, etc. In addition, there is a spacious secondary food preparation kitchen on the first floor which was set up to support the high level of food service through the primary kitchen. This food preparation area has a walk-in chill and freezer and also benefits from a large dry goods store. In addition, there are ample store rooms plus a large office and spacious staff room facilities including staff WC. There is a large attic area which has been formed using habitable trusses allowing for further development, if desired, and subject to consents. The side entrances for both kitchens enable ease of access for the delivery of goods.

The current owners purchased the business in 2015 and it is due to a change of personal circumstances that brings this restaurant/development opportunity to the market.

The unit is situated immediately across from Inverness Castle with a trading location ensuring a high level of passing trade both from tourists and locals alike. Inverness is a popular tourist destination with a high number of hotels, guest houses and self-catering establishments swelling the number of inhabitants to the City during the spring and summer months. The city itself has extensive facilities boasting two golf courses, an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues which includes Eden Court Theatre. Nearby Cawdor Castle offers a taste of Scotland's medieval past while Culloden Battlefield and Visitor Centre are most popular attractions with both UK and overseas visitors. Whether it is a Whisky Trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, Inverness is an ideal base to explore the many visitor destinations across the Highlands. The City of Inverness is a vibrant centre of tourism and commerce presenting many opportunities for expanding this establishment. The new University of Highlands and Islands campus is indicative of the continuing growth of the City over recent years, as are the increasing number of housing developments.

Castle Restaurant is an attractive unit in a prime trading location. The business operation is set over two floors with customer access at street level. The property which is a 'B' listed building is of stone construction under a slate roof. The building dates from the late 1800s.

There is no owner's accommodation however new proprietors may wish to develop the second floor into private accommodation subject to necessary planning permissions.

The Castle Restaurant is a substantial property with a small garden area set to the rear which is accessed from a shared pathway.

The subjects benefit from mains electricity, gas, water and drainage. The premises are fully compliant with Environmental Health and Fire Regulations with modern detection systems.

Capital Premium: £30,000
Rent: £25,000
Rent Payments: Quarterly in advance
Rent Reviews: Every Five years in line with RPI
Lease Duration: 12 Years
Leaser Type: Full Repairing and Insuring; lessee bears the cost of Insurance, landlord takes out insurance and tenant reimburse
Key Entry Details: Condition photographic survey to be carried out (by mutual Agreement and shared costs)
Stock at cost: Paid in full within 7 days
Entry Date: As Agreed
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