Retail Space for sale in Inverness

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Amy Cross, Spoton.net (July 2016)
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Leasehold Price: £12,000
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Business Description
DESCRIPTION
2 Greig Street is the ground floor unit of an end terrace property dating from around the 1900s. The internal aspects have been recently modernised, currently functioning as an open plan office space but could be utilised as a retail unit or catering establishment subject to obtaining the necessary planning consents. An excellent yet compact unit situated in ever-popular Inverness, the properties prominent position offers superb signage options and exposure to a high degree of footfall within a busy area of the town centre. The business premises is adjacent to the River Ness with the Inverness Footbridge close-by. The area where the unit is situated is frequented by a great many tourists. Within the vicinity there are a high number of bed and breakfasts, hotels, etc. The site is situated a few minutes’ walk to Inverness High Street.

THE PROPERTY
With street level access, 2 Greig Street benefits from a single entry point off Greig Street. There is a residential unit above the property which is not included in the sale. The subjects are split into three work areas; the main retail / office area, a compact kitchen space and the staff W.C. The property is of traditional stone construction and comprises the ground floor level only, extending to circa 55m², this is an effective operational layout. The open plan office benefits from attractive light fittings and flooring. The unit is finished to a high standard displaying an excellent use of natural materials making it a modern and cosy working environment. The walls have some shelving units and there is a feature stone fireplace adding to the charm of this well-designed space. To the front the window shelves have been finished in wood. The façade of the building has yet to be completed as new owners will wish to develop their own branding etc. but there is plenty of scope for external signage space above the door and in the windows. To the rear of the premises is a staff bathroom, with shower fittings. The compact staff kitchen area is also reflective of the quality and standards throughout.

REASON FOR SELLING
The current owners have been resident in the property since May 2016 and it is a change of business operation which brings this attractive unit to the market as a leasehold opportunity.

SERVICES
The unit benefits from mains electricity, water and drainage; a new boiler has recently been installed. Heating is by way of underfloor heating. Telephone and broadband points are available with flexible electrical points. There are numerous public car-parks situated in the town centre, all within walking distance.

RATES
The property currently benefits from 100% discount under the Small Business Bonus Scheme.
Tenure: Leasehold

Location Details:
Inverness is the commercial and administrative centre for the Highlands of Scotland. It is one of the fastest growing cities in the UK with a resident population in excess of 65,000 and a geographical shopping catchment area spanning 10,000 sq miles, with a potential catchment population of 200,000. The unit occupies a prominent position on Greig Street on the edge of Inverness city centre, close to the attractive River Ness. The riverside area has recently benefited from streetscape improvements.

Inverness has extensive facilities for residents and visitors boasting two golf courses, a theatre (Eden Court), an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues. Inverness is a popular tourist destination swelling its population greatly in the main tourist season. Whether it is a whisky trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, the property is ideally situated to catch the eye of the many tourists in the City. Inverness is a vibrant and growing City and with such expansion comes many opportunities in both commerce and social activities. Such growth benefits established businesses and ensures a year-round trade potential.

Leasehold Term:
Capital Premium: Zero; Rent: £12,500 p.a.; Rent Payments: Quarterly in advance; Rent Reviews: Every Five years in line with RPI; Lease Duration: 12 Years (Option to break at 6 year point); Leaser Type: Full Repairing and Insuring; lessee bears the cost of Insurance; Key Entry Details: Condition survey to be carried out (by mutual Agreement and shared costs); Entry Date: As Agreed.

Downloadable Documents

Listed by: ASG Commercial
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2GreigStreet
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