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2-8 Queensgate 1,512 SF Retail Condo Unit Offered at $246,492 in Inverness IV1 1PQ
INVESTMENT HIGHLIGHTS
- Central location in Inverness
- High profile location
- Retail Investment
EXECUTIVE SUMMARY
The subjects occupy a prominent location at the northern end of Queensgate close to the junction with Academy Street, the main thoroughfare through the city centre. The property is centrally located in close proximity to a range of shops including the Eastgate Centre and Victorian Market. Public transport links including bus and train stations are located within walking distance, with strong road links via the A9, A96 and A82 being in close proximity.
PROPERTY FACTS
| Total Building Size | 60,654 SF | Floors | 5 |
| Property Type | Retail (Condo) | Typical Floor Size | 5,514 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1894 |
| Building Class | B | Lot Size | 0.14 AC |
| Total Building Size | 60,654 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 5,514 SF |
| Year Built | 1894 |
| Lot Size | 0.14 AC |
AMENITIES
- Security System
- Storage Space
1 UNIT AVAILABLE
Unit 8
| Unit Size | 1,512 SF | Condo Use | Retail |
| Price | $246,492 | Sale Type | Investment |
| Price Per SF | $163.02 | Tenure | Freehold |
| Unit Size | 1,512 SF |
| Price | $246,492 |
| Price Per SF | $163.02 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
The subjects comprise a mid-terraced retail unit arranged over ground and basement levels contained within a substantial grade B listed property. The property is currently occupied and used as a tailoring/upholstery shop
SALE NOTES
The property is currently let to Mr and Mrs Kubiak, trading as T & U b Anna, who operate a tailoring and upholstery business on the premises. The lease is on Fully Repairing and Insuring (FRI) terms and runs from October 2023 to October 2028, with a tenant break option in October 2026. The current passing rent is £15,000 per annum, with a rent review scheduled for October 2026, fully indexed to the Retail Price Index (RPI). Copies of the lease are available on request.
Offers in excess of £185,000 are sought for our client’s interest in the property.
Interior
NEARBY MAJOR RETAILERS
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2-8 Queensgate
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