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Long income retail & leisure investment

Inverness, United KingdomUnlock address

78%

£4.770.000

Retail

#34116

Core

29 Sep 2024

Property Details

Broker

For sale

46,747 sq.ft.

4,343 m²

Leasable area

102 £/sq.ft.

1,098 £/m²

9.00 %

4

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

A highly prominent location on the banks of the River Ness. Property commands a very impressive and highly prominent corner position at the junction with Bridge Street and Bank Street. The property is regarded as a vibrant and well-established mixed-use retail and leisure destination extending to 46,747 sq ft (4,343 sq m) across ground, first floor and lower ground levels. Anchored by renowned brands including Primark and Zizzi’s, the property boasts impressive extensive glazed elevations, offering unique and picturesque views of the River Ness from the west elevation. The upper floors which comprise of 33 high-end residential apartments together with private underground parking are held under separate private ownership. The property benefits from an extremely attractive, long WAULT of c.33 years to expiry (WAULTC c.30 years).