27-31 Academy Street Inverness Highland IV1 1JN

  • 27-31 Academy Street<br>Inverness<br>Highland<br>IV1 1JN

27-31 Academy Street
Inverness
Highland
IV1 1JN

Heritable Vacant Town Centre Retail/Development Opportunity

  • Whole building with Asset Management Opportunities (subject to consents)
  • Prominent position in City Centre close to Railway Station
  • Treble fronted retail unit
  • Neighbouring occupiers include M&Co, Rohan, Travelodge and Craigdon Sports
  • Lot
    37
  • Auction
    4th November 2021
  • Vacant Possession
  • Status
    Sold
  • Price
    £220,000
  • Auction Venue
    Live Streamed Auction
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Heritable Vacant Town Centre Retail/Development Opportunity

  • Whole building with Asset Management Opportunities (subject to consents)
  • Prominent position in City Centre close to Railway Station
  • Treble fronted retail unit
  • Neighbouring occupiers include M&Co, Rohan, Travelodge and Craigdon Sports
  • Lot 37
  • Auction 4th November 2021
  • Vacant Possession
  • Status Sold
  • Price £220,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
102 miles north-west of Aberdeen
157 miles north of Edinburgh
162 miles north of Glasgow
Roads
A9, A96, A82
Rail
Inverness Railway Station
Air
Inverness Airport
Situation

Inverness is considered the capital of the Highlands & Islands and has a population of approximately 65,000, having a large catchment area to the north and west Highands. Academy street is one of the main retail streets in Inverness City Centre. The street runs from the Eastgate Shopping Centre north to the junction with Chapel Street. The property is situated on Academy Street close to its junction with Union Street. Nearby occupiers include Rohan, Travelodge, Sports Direct, TK Maxx and Craigdon Sports

Tenure

Heritable.

Location
Miles
102 miles north-west of Aberdeen
157 miles north of Edinburgh
162 miles north of Glasgow
Roads
A9, A96, A82
Rail
Inverness Railway Station
Air
Inverness Airport
Situation

Inverness is considered the capital of the Highlands & Islands and has a population of approximately 65,000, having a large catchment area to the north and west Highands. Academy street is one of the main retail streets in Inverness City Centre. The street runs from the Eastgate Shopping Centre north to the junction with Chapel Street. The property is situated on Academy Street close to its junction with Union Street. Nearby occupiers include Rohan, Travelodge, Sports Direct, TK Maxx and Craigdon Sports

Tenure

Heritable.

Description

The property comprises a ground floor treble fronted retail unit with ancillary accommodation at first floor. The unit benefits from a further retail access to the rear into Queensgate Arcade, a popular covered retail parade with a number of local retail traders.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested parties are referred to Highland Council. www.highland.gov.uk.

Completion Period

Six week Completion

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor treble fronted retail unit with ancillary accommodation at first floor. The unit benefits from a further retail access to the rear into Queensgate Arcade, a popular covered retail parade with a number of local retail traders.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested parties are referred to Highland Council. www.highland.gov.uk.

Completion Period

Six week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Accommodation Floor Areas
(Approx)
Possession
Ground Floor
First Floor
300.67 sq m
229.27 sq m
(3,237 sq ft)
(2,468 sq ft)
Vacant
Total
529.94 sq m
(5,705 sq ft)
 

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP 141 Bothwell Street
Glasgow
G2 7EQ
Pamela Gorman 0141 567 8674pamela.gorman@pinsentmasons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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