inverness iv1 1lp - Graham + Sibbald
SUITE 1 & 2, (ENTIRE FIRST FLOOR) 62 ACADEMY STREET INVESTMENT OPPORTUNITY
INVERNESS IV1 1LP FOR SALE
•
TWO CITY CENTRE OFFICE SUITES ON FIRST FLOOR
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OFFERS IN EXCESS OF £150,000 NET OF VAT
•
COMBINED RENTAL INCOME: £14,000 PER ANNUM
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COMBINED NET INTERNAL AREA: 180.8 SQ.M / 1,946 SQ.FT OR THEREBY
the complete property service
FOR SALE
SUITE 1 & 2, (ENTIRE FIRST FLOOR) 62 ACADEMY STREET
INVESTMENT OPPORTUNITY
INVERNESS
Location The offices are located on the north side of Academy Street, which is a main thoroughfare leading through the centre of Inverness. All main amenities and facilities can be found within close proximity. DESCRIPTION The premises comprise two separate office suites on the first floor of a prominent traditional corner block forming a 3 storey, attic and basement building. We understand the subjects are ‘B’ listed. Other occupiers in the block include Thomas Munro & Co (Architects), Family Mediation Highland and Achieve Financial Planning Limited. ACCOMMODATION The accommodation may be summarised as follows: Ground Floor Common Entrance open to Stairs, Common Landing First Floor Inverness Language School - Entrance Vestibule, Hall with storage, Offices 1, 2 and 3, Meeting Room, Staff Room and Toilets 1 and 2. The Net Internal Area is 89.3 sq.m / 961 sq.ft or thereby. Nestor Prime Care Services - Entrance Vestibule, Inner Hall, Offices 1, 2 and 3 with Admin Area, Office 4 and Toilet 1 and 2. The Net Internal Area is 91.47 sq.m / 985 sq.ft or thereby. Total Net Internal Area is 180.8 sq.m / 1,946. sq.ft or thereby. SERVICES The office suites are both connected to mains water and electricity whilst drainage is to the public sewer. Central heating is provided to the Nestor Prime Care Services suite by a series of radiators run off a gas fired boiler (mains gas) system whilst the other suite has the benefit of electric panel and electric storage heaters. RATEABLE VALUE The rateable value for each separate office is entered in the current Valuation Roll as follows: Nestor Healthcare Ltd - £10,600 Morag MacLennan t/a Inverness Language Centre - £9,600. ENERGY PERFORMANCE CERTIFICATE Nestor Prime Care Services - ‘C’ rating Inverness Language School - ‘F’ rating. TENURE The subjects are held on the basis of outright ownership of the heritable interest subject to the two occupational leases. LEASE TERMS The north office suite is presently leased to Morag MacLennan t/a Inverness Language Centre and held on a lease expiring on 31 August 2017 at a passing rent of £6,000 per annum net of VAT. The tenant has a break option in 2016. The tenant has limited repairing obligations and can contribute in any single year up to a maximum of £1000. The south office suite is presently leased by Nestor Prime Care Services Limited from 2004 for a period of 3 years. They are still in occupation and paying their original rent of £8,000 per annum net of VAT. The Tenant has limited repairing obligations.
Viewing & Further Information Strictly by appointment through Messrs Graham + Sibbald 4 Ardross Street Inverness IV3 5NN Tel. 01463 236977 Andrew Rose Email: [email protected] Kenny McKenzie Email: [email protected] Date of publication October 2015
SALE PRICE Offers in excess of £150,000 net of VAT are sought for the subjects with the benefit of any remaining lease term where applicable. All offers should be submitted in Scottish Legal form. Our client’s preference is to dispose of the Suites as a single transaction.
CONTACT: Graham & Sibbald 4 Ardross Street, INVERNESS, IV3 5NN
VAT All figures, prices etc. quoted are net of VAT. CLOSING DATE Interested parties are advised to formally note their interest in acquiring the subjects so that they can be advised of any closing date that may be set. LEGAL COSTS Each party will be responsible for their own legal costs. Should SDLT be applicable then the incoming Tenant will be liable. ENTRY Entry is by mutual agreement. MANAGEMENT We understand there is a maintenance obligation in terms of the larger block by the landlord given the tenants limited repairing obligations. Recent works to the block were carried out internally and externally. We understand the overall liability for any future works are apportioned as follows: Nestor Prime Care Services Suite – 12.03% Inverness Language School Suite – 10.62% Further details upon request.
Tel: +44 (0)1463 236 977 Aberdeen 01224 625 024 Dundee 01382 200 064 Edinburgh 0131 225 1559 Falkirk 01324 638 377 Glasgow 0141 332 1194 Hamilton 01698 422 500 Inverness 01463 236 977 Kilmarnock 01563 528 000 Kirkcaldy 01592 266 211 Paisley 0141 889 3251 Perth 01738 445 733 Stirling 01786 463 111 Weybridge 01932 260 726
IMPORTANT NOTICE Please read carefully 1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client’s Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.
INVERNESS IV1 1LP FOR SALE
•
TWO CITY CENTRE OFFICE SUITES ON FIRST FLOOR
•
OFFERS IN EXCESS OF £150,000 NET OF VAT
•
COMBINED RENTAL INCOME: £14,000 PER ANNUM
•
COMBINED NET INTERNAL AREA: 180.8 SQ.M / 1,946 SQ.FT OR THEREBY
the complete property service
FOR SALE
SUITE 1 & 2, (ENTIRE FIRST FLOOR) 62 ACADEMY STREET
INVESTMENT OPPORTUNITY
INVERNESS
Location The offices are located on the north side of Academy Street, which is a main thoroughfare leading through the centre of Inverness. All main amenities and facilities can be found within close proximity. DESCRIPTION The premises comprise two separate office suites on the first floor of a prominent traditional corner block forming a 3 storey, attic and basement building. We understand the subjects are ‘B’ listed. Other occupiers in the block include Thomas Munro & Co (Architects), Family Mediation Highland and Achieve Financial Planning Limited. ACCOMMODATION The accommodation may be summarised as follows: Ground Floor Common Entrance open to Stairs, Common Landing First Floor Inverness Language School - Entrance Vestibule, Hall with storage, Offices 1, 2 and 3, Meeting Room, Staff Room and Toilets 1 and 2. The Net Internal Area is 89.3 sq.m / 961 sq.ft or thereby. Nestor Prime Care Services - Entrance Vestibule, Inner Hall, Offices 1, 2 and 3 with Admin Area, Office 4 and Toilet 1 and 2. The Net Internal Area is 91.47 sq.m / 985 sq.ft or thereby. Total Net Internal Area is 180.8 sq.m / 1,946. sq.ft or thereby. SERVICES The office suites are both connected to mains water and electricity whilst drainage is to the public sewer. Central heating is provided to the Nestor Prime Care Services suite by a series of radiators run off a gas fired boiler (mains gas) system whilst the other suite has the benefit of electric panel and electric storage heaters. RATEABLE VALUE The rateable value for each separate office is entered in the current Valuation Roll as follows: Nestor Healthcare Ltd - £10,600 Morag MacLennan t/a Inverness Language Centre - £9,600. ENERGY PERFORMANCE CERTIFICATE Nestor Prime Care Services - ‘C’ rating Inverness Language School - ‘F’ rating. TENURE The subjects are held on the basis of outright ownership of the heritable interest subject to the two occupational leases. LEASE TERMS The north office suite is presently leased to Morag MacLennan t/a Inverness Language Centre and held on a lease expiring on 31 August 2017 at a passing rent of £6,000 per annum net of VAT. The tenant has a break option in 2016. The tenant has limited repairing obligations and can contribute in any single year up to a maximum of £1000. The south office suite is presently leased by Nestor Prime Care Services Limited from 2004 for a period of 3 years. They are still in occupation and paying their original rent of £8,000 per annum net of VAT. The Tenant has limited repairing obligations.
Viewing & Further Information Strictly by appointment through Messrs Graham + Sibbald 4 Ardross Street Inverness IV3 5NN Tel. 01463 236977 Andrew Rose Email: [email protected] Kenny McKenzie Email: [email protected] Date of publication October 2015
SALE PRICE Offers in excess of £150,000 net of VAT are sought for the subjects with the benefit of any remaining lease term where applicable. All offers should be submitted in Scottish Legal form. Our client’s preference is to dispose of the Suites as a single transaction.
CONTACT: Graham & Sibbald 4 Ardross Street, INVERNESS, IV3 5NN
VAT All figures, prices etc. quoted are net of VAT. CLOSING DATE Interested parties are advised to formally note their interest in acquiring the subjects so that they can be advised of any closing date that may be set. LEGAL COSTS Each party will be responsible for their own legal costs. Should SDLT be applicable then the incoming Tenant will be liable. ENTRY Entry is by mutual agreement. MANAGEMENT We understand there is a maintenance obligation in terms of the larger block by the landlord given the tenants limited repairing obligations. Recent works to the block were carried out internally and externally. We understand the overall liability for any future works are apportioned as follows: Nestor Prime Care Services Suite – 12.03% Inverness Language School Suite – 10.62% Further details upon request.
Tel: +44 (0)1463 236 977 Aberdeen 01224 625 024 Dundee 01382 200 064 Edinburgh 0131 225 1559 Falkirk 01324 638 377 Glasgow 0141 332 1194 Hamilton 01698 422 500 Inverness 01463 236 977 Kilmarnock 01563 528 000 Kirkcaldy 01592 266 211 Paisley 0141 889 3251 Perth 01738 445 733 Stirling 01786 463 111 Weybridge 01932 260 726
IMPORTANT NOTICE Please read carefully 1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client’s Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.
