Retail Space for sale in Inverness

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Spacious Retail Unit Set in Inverness City Centre

Inverness, Highland, Scotland

  • Freehold Price: £150,000
Seller Reference: 7 Drummond Street
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 7 Drummond Street
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Business Description
• Attractive retail unit extending to around 89m2, set within a most prominent trading location in Inverness city centre.

• Situated adjacent to many leading retail and financial services outlets, on a busy thoroughfare with a high degree of footfall.

• Victorian 'B' listed building with prominent frontage and large display window plus high-profile signage and branding options.

• The street level retail area extends to 53m2 plus a basement area of 36m2.

• A charming retail business development opportunity presented in excellent condition; ideal for a start-up business operation.

DESCRIPTION
7 Drummond Street is the ground floor trading unit plus spacious basement storage area of a multi-storey building within a 'B' listed Victorian property. The retail unit is in a popular central location within Inverness centre and is situated in a street with a high degree of passing trade. The building has been operating as a retail outlet for many decades and is in an area of the city frequented by both residents and tourists.

The street level internal trading aspects are mainly open plan but benefit from 3 changing cubicles and a significant storage section set to the rear. Should new owners wish to make the whole retail area open plan, we believe this could be possible. To the basement unit is a large storage space with a staff utility area and a washroom.

This is a period property which is presented to an excellent standard of décor with modern fittings. Depending on the demands of new owners, this property could be brought into use quickly for a range of retail options. An excellent unit, extending to 53m2 of retail space plus a basement area of 36m2, in a popular trading area of Inverness; 7 Drummond Streets prominent position offers superb marketing exposure.

TRADE
The business is being sold as a purely vacant unit with no trading history being presented. 7 Drummond Street has in recent years been a clothing shop but could be used for a wide-range of retail options. Alternative uses may be possible but purchasers must satisfy themselves of the necessary consents from the Highland Council.

LOCATION
The unit is situated in the centre of Inverness City. The unit is easily located on a popular thoroughfare linking Union Street and the High Street which generates a high degree of footfall by both residents and visitors. Within the vicinity of 7 Drummond Street are a number of national retailers, banks, offices and cafes which also contribute to passing trade.

Inverness is the commercial and administrative centre for the Highlands of Scotland. It is vibrant city with a resident population in excess of 65,000 and a geographical shopping catchment area spanning 10,000 square miles, with a potential catchment population of around 200,000. Within the holiday season, the town attracts many thousands of visitors who come to experience the Highlands in all its glory. Inverness has extensive facilities for residents and visitors boasting three 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 busy tourist destination with its population swelling 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 who choose to visit. 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 potential trade.

REASON FOR SALE
The current owners have leased 7 Drummond Street since 2012. Due to their desire to cease all commercial activity and retire they have decided to sell their property.

THE PROPERTY
7 Drummond Street can be accessed via a street level single-entry point off the main thoroughfare. The wide entrance affords wheel-chair access via a partially glazed door. The property benefits from a substantial frontage mainly set to glass, thus affording ample natural lighting. There are office units above the property which are not included in the sale. The subjects are split into two main areas; the main retail area extends to about 53m2 and a basement area for staff amenities and storage extending to around 36m2; combining to extend to 89m2. The property is of stone construction and comprises the ground floor and basement levels only.

The retail trading area is set to open plan configuration and benefits from attractive light fittings and flooring. The picture bay window to the front allows for flexible merchandising and branding. There is ample space for signage above the window. To the rear aspects are 3 changing cubicles and a storage room. The staff and further storage facilities are situated in the basement. This area is presented in excellent condition and benefits from street level windows affording an element of natural light. The staff space has a utility area plus a washroom with electric hot water heater. The shop has a number of fixtures and fittings which are included in the sale. To the basement is a fire escape.

SERVICES
The unit benefits from mains electricity, water and drainage. The electrical aspects are modern, having been rewired and certified in Jan 2020. Heating is provided by modern wall-mounted radiators. There is an alarm system in the shop but new owners will need to resurrect this facility, should they wish. The property is liable to an annual factoring charge which pays for on-going maintenance to roofs, gutterings etc.  
Tenure:
Freehold
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