DESCRIPTION
The subjects comprise a ground floor retail unit contained with a detached two storey building of brick construction.
Internally the unit benefits from a large open plan retail area with a rear store and w.c. There is a small basement area accessed by a hatch which is used for additional storage.
LEASE DETAILS
The property is currently leased for £11,000 per annum to Highland Hospice on a 10 year lease with a break option at the end of year 5. There will be a rent review at the end of year 5 upward only to market rent.
COVENANT
Highland Hospice provides services throughout the Highland region having commenced operations in 1987. The Hospice are a significant financial concern with Shareholders Funds in excess of £18m.
PROPOSALS
Offers over £135,000 are invited for the Heritable interest.
FLOOR AREAS
From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate net internal area (NIA):
Total 88.38 m²/951ft²
PLANNING
All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Highland Council Planning Department.
EPC
A copy of the EPC will be available upon request.
RATING
Rateable value £7,600.
CLOSING DATE
A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale of the property.
VAT
An option to be taxed has been made on the property. It is expected the sale will be treated as a transfer of going concern.