22A Abban St 1,193 SF Office Building Inverness IV3 8HH $766,125 ($642.18/SF)

Tenant: The Scottish Ministers Passing rent: £35,300 per annum Lease expiry: 17 June 2041 Rent Reviews: CPI linked capped and collared at 2% and 4% per annum compound FRI excluding latent and inherent defects
The property is situated adjacent to the A82 dual carriageway on the western side of the River Ness in close proximity to Inverness City Centre. Inverness has a population of approximately 60,000 and benefits from all main amenities including good road and rail links. It acts as the administrative centre for much of the Highland Region and therefore has a large catchment area out with the immediate city boundary.
The subjects comprise a purpose- built dental surgery occupying a semi- detached building of modern cavity / block construction.
The property lies close to the centre of Inverness and is entered from Abban Street. The premises are attached a doctor surgery which we understand is operated by the NHS.
The subjects are let to The Scottish Ministers with a lease expiry of 17 June 2041. The passing rental is £35,300 per annum.
Rent reviews are 5 yearly thereafter (next review 18 June 2031) and are subject to CPI uplifts capped and collared at 2% and 4% per annum compound