Investment Property Business For Sale in Highland

Invergordon, Highland, UK


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This business is marketed by

CCL Group LTD View more business for sale by this agent

FOR SALE - a profitable investment opportunity with long term multi-leases in place with established retail trader, beauty therapist and residential tenant(s).

70 High Street, Invergordon is a spacious 3-storey building with rear extension and a further 2-storey building at the end, both situated in a prime trading location in Invergordon town centre. The ground floor of the main building together with the rear extension are currently utilised as secure retail trading space while the first and attic floors provide residential accommodation that is offered on a let basis.  The rear building is occupied by a beauty salon.  

Both commercial units are let on rolling, full repairing and insuring commercial leases, the residential accommodation is offered on an ad hock room by room basis to the many corporate/industry workers in the area.  

The property is highly adaptable, suiting a range of uses.

Profitable Investment Opportunity
3 storey main building
2 storey rear extension
Secure and spacious commercial units
Multi bedroom residential accommodation 
Long term tenants in place
Excellent trading location 
Variable residential income
Freehold
Offers Over £285,000

Situation

The subjects are located at the west end of Invergordon High Street occupying a prominent corner position with the junction of King Street. The property enjoys footage onto the High Street as well as display windows onto the King Street elevation. Neighbouring occupiers include a mix of retail traders, commercial services and food establishments. 

The affluent town of Invergordon is situated on the northern shores of the Cromarty Firth and is a busy commercial port servicing rigs for the oil industry and hosting up to 70 cruise liners each summer season, bringing a huge influx of visitors and crew to the area.  The town provides a selection of services and amenities including a variety of shops, hotels, restaurants, medical facilities, bank and education facilities including playgroup, nursery, primary and secondary schools.  Hospital services are located in Invergordon, Golspie (29 miles north) and Inverness (24 miles south).  Being located just off the A9 trunk road, the town is well served by public transport services and road networks.

The Property

 

The ground floor of the main building is currently tenanted, comprising a substantial retail trading space with office and staff WC. Entry to the unit is gained by a recessed single glazed door on the High Street elevation sided by full length single glazed display frontage windows.  The building extends to the rear, running along King Street with further full height display windows presented on the elevation together with additional recessed glazed double doors.

Internally the premises are laid out as two main trading sections which comprise a sizable retail sales area with office to the front and a rear open section within the rear extension.  Combined area c. 225.5 sq m (2,429.95 Sq ft).  The premises have been well fitted throughout with a comprehensive range of modern high quality fixed and free standing display units by the tenant for their use.  

To the rear of the unit, a door leads to a small storage area and a WC. From this section a door leads to a further storage area with wooden staircase leading to the first floor of the 2-storey rear building which is used for storage. 

The rear building is located at the end of the main buildings extension on King Street and is currently occupied by a beauty salon.  Internally the premises are laid out as a reception/treatment area, a private treatment room, storage room and WC to the rear. Also tenanted and fitted for the tenants use, this unit provides c. 18.56 sq m (199.78 Sq ft) trading space and benefits from attic storage space. 

The first and attic floors of the main building provide residential accommodation accessed via a doorway on King Street leading to a staircase to the first floor. The first floor comprises a landing, kitchen, shower room and 3 bedrooms. The attic floor comprises a landing, bathroom, linen cupboard and 3 further bedrooms. The stairwells, landing and bedrooms are all carpeted with papered and painted walls and ceilings. 

The subjects comprise a 3-storey traditional sandstone building with a pitched slated roof fronting the High Street with a single storey block work extension with a flat roof running along King Street to the rear. The upper floors of the main building provide residential accommodation over first and attic floors which is accessed from a doorway on the King Street elevation. At the end of the single storey rear extension on King Street there is a further 2-storey sandstone building roughcast and painted externally with a pitched slated roof. 

A painted mural is exhibited on the main building gable on the King Street elevation which was done as part of a project carried out by Invergordon Off the Wall group (IOTW).  We understand an agreement exists whereby the mural is to remain on the building until 2017.

Public parking is available in the immediate vicinity including directly in front of the property.

 


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business information

Sale price: £285,000
Tenure : Freehold
Status: Available
Sectors:
Investment Properties
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