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15 Academy St

9,698 SF Retail Building Inverness IV1 1JN £985,000 (£102/SF) 10% Net Initial Yield

Banks Highland Inverness 15 Academy St, Inverness, HLD IV1 1JN

Investment Highlights

  • Prominent corner site banking hall and offices in Inverness city centre.
  • Period property.
  • Destination property.

Executive Summary

The entire property is let to Clydesdale Bank plc on a full repairing and insuring basis until 30 September 2033, there is a tenant only break option as at 30 September 2028 upon giving 9 months’ advance notice. If the break option is exercised a penalty equating to 6 months’ rent is payable by the tenant. The passing rent is £104,000 per annum exclusive of VAT. Rent reviews are at 5 yearly intervals to open market rental value, the next review is at 1 September 2023.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
9,698 SF
Building Class
B
Year Built
1864
Price
£985,000
Price Per SF
£102
Net Initial Yield
10%
NOI
£98,500
Tenancy
Single
Number of Floors
5
Building FAR
2.85
Land Acres
0.08 AC
Frontage
54 ft on Academy St

Amenities

  • Security System
  • Storage Space
  • Air Conditioning

Links

1 of 1

Nearby Major Retailers

Caffe Nero
Bank Of Scotland
Santander
Starbucks
T S B
Costa Coffee
Co-operative Food
Bella Italia
Zizzi
Revolution
  • Ken Shaw
    Ken Shaw
  • Richard Noble
    Richard Noble
  • Mark Halliday
    Mark Halliday
+44 7836 556768

  • Listing ID: 30642869

  • Date on Market: 12/01/2024

  • Last Updated:

  • Address: 15 Academy St, Inverness IV1 1JN

The Retail Property at 15 Academy St, Inverness, IV1 1JN is currently available For Sale. Contact Ryden for more information.

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15 Academy St
+44 7836 556768 x

15 Academy St

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Ken Shaw

+44 7836 556768

+44 7836 556768

Richard Noble

+44 1224 597528

+44 1224 597528

Mark Halliday

+44 1224 060340

+44 1224 060340

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