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Shepherd markets prime retail investment in Inverness for sale

Shepherd markets prime retail investment in Inverness for sale

Shepherd Chartered Surveyors is marketing a prime retail investment in Inverness for sale.

Let to Bank of Scotland, the property occupies a prime retail position on Eastgate at the High Street and Inglis Street junction directly opposite the Eastgate Shopping Centre.

An attractive ‘B’ listed stone and slate building set over three floors, the property has a corporate fit-out. The ground floor provides a general banking hall and the two upper floors offer office accommodation for back room banking staff and staff ancillary facilities.

All three floors are serviced by a lift and two staircases. The 7,900 sq ft building has been completely redeveloped behind the existing façade.

Neil Calder, partner in the Inverness office of Shepherd Chartered Surveyors, said: “This attractive property is let to Bank of Scotland, a tenant with a 5A1 covenant, to 2029 on a rebased rent of £150,000 per annum, which reflects an overall Zone A rate of £60 per sq ft. We anticipate keen interest in this rare opportunity to acquire a prime retail investment in Inverness.”

Offers over £2.35 million are invited. This reflects an attractive Net Initial Yield of 6%. Interested parties should contact the sole selling agent on 01463 712239.

ENDS

For further information please contact Neil Calder at Shepherd on tel 01463 712239

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