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Investment Opportunity - Tenanted Retail Space Near Inverness City Centre, Prime Location & Visibility

Inverness, Scottish Highlands
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Attractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City Centre Photo 1
Attractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City Centre Photo 2
Attractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City Centre Photo 3
Attractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City Centre Photo 4
Attractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City Centre Photo 5
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Attractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City CentreAttractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City CentreAttractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City CentreAttractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City CentreAttractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City CentreAttractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City CentreAttractive Investment Opportunity - Tenanted Retail Unit, set close to Inverness City Centre
  • Status

    FOR SALE

  • Date Submitted:

    20/04/23

  • Advert ID

    511970

  • Reference

    65 Tomnahurich Street / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £95,000
  • Turnover: Not Applicable
  • Net Profit: On request

Business Details

Attractive Investment Opportunity Tenanted Retail Unit, set close to Inverness City Centre

  • Attractive retail unit extending to around 76m².
  • Located on a busy pedestrian route into Inverness City centre.
  • Ideal investment opportunity with tenant in place.
  • Prominent frontage with large display window.
  • Great areas for high-profile signage, ideal for tenant branding options.

DESCRIPTION
65 Tomnahurich Street is the ground floor trading unit of an attractive multi-storey property. The tenant trades as Barney’s Spin Vinyl & Retro Games.  This flexible retail unit is located on a popular pedestrian route close to Inverness centre. The unit is currently tenanted by a vinyl record and retro games business.

The street level internal trading aspects are mainly open plan and benefit from a well-appointed welfare / storage area located to the rear. The property is being sold as an investment opportunity with tenant in place.  An excellent, very flexible space, extending to circa 76m².  The current passing rent is £9,360  per annum. There is 2 years to run on the lease.

REASON FOR SALE
The vendors have owned 65 Tomnahurich St for several years. It is their desire to retire that brings this well-appointed property to the market.

LOCATION
The unit is situated close to the centre of Inverness City and is easily located on the A82, a very popular thoroughfare for both vehicles and pedestrians. Being primarily a residential area (together with several guesthouses), there is a high degree of footfall from both residents and visitors. Within the vicinity of 65 Tomnahurich St there are a number of local retailers, B&B properties, hairdressers, grocers, bakers and food outlets all of which contribute positively to the level of passing trade.

Inverness is the commercial and administrative centre for the Highlands of Scotland. It is a vibrant city with a population in excess of 50,000 and a geographical shopping catchment area spanning 10,000 square miles, with a potential catchment population of around 200,000. Within the holiday season, the town attracts many thousands of visitors who come to experience the Highlands in all its glory. Inverness has extensive facilities for residents and visitors boasting three golf courses, a theatre (Eden Court), an excellent indoor swimming complex, two cinemas, ten pin bowling and many opportunities to enjoy an evening’s entertainment at a range of venues. Inverness is a busy tourist destination with its population swelling greatly in the main tourist season. Whether it is a whisky trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, the property is ideally situated to catch the eye of the many tourists who choose to visit. Inverness is a vibrant and growing City and with such expansion comes many opportunities in both commerce and social activities. Such growth benefits established businesses and ensures a year-round potential trade.

THE PROPERTY
65 Tomnahurich St is part of an attractive sandstone building located on Tomnahurich St. The inviting entrance has a partially glazed door with a large glazed picture window frontage, thus enjoying natural lighting and a clear line of sight from the pavement.  In addition to the shop retail areas there is a WC, and an office / repair area (all located to the rear of the retail space). The subjects are split into two areas; the main retail area (extending to about 42m²)and staff accommodation (extending to around 34m² ) combining to 76m². The property is on the ground floor only.

The retail trading area is currently set up to sell vinyl records and retro games. The windowed frontage allows for flexible merchandising and branding with ample space for signage both above, and on, the window.  

SERVICES
The unit benefits from mains electricity, water and drainage. The electrical installation is relatively modern, having been rewired a few of years ago.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Attractive Investment Opportunity Tenanted Retail Unit, set close to Inverness City Centre - 65 Tomnahurich Street / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.