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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

INCOME PRODUCING INVESTMENT*** Ground & Basement retail unit Prime Town Centre Location Situated On Busy Main Thoroughfare Held On FRI Lease To Ladbrokes Passing £30,600p.a.x.

Let to Ladbrokes Betting & Gaming Limited FRI lease until 27th February 35 Tenant break option on 27th February 30 with 6 months notice. Rent £30,600 pa Rent review 28th February 30

GF is currently configured to a Ladbrokes corporate fit-out comprising open plan sales area with betting counters & gaming machines with staff kitchen and WC facilities & separate customer WCs.

Staircase to the basement which provides cellular storage accommodation and further WC facilities. Gf: 143.32sqm (1,543sq ft) Bsm: 120.85sqm (1,302sq ft) Total: 264.17sqm (2,845sq ft)

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £30,600 PER ANNUM

INCOME PRODUCING INVESTMENT*** Ground & Basement retail unit Prime Town Centre Location Situated On Busy Main Thoroughfare Held On FRI Lease To Ladbrokes Passing £30,600p.a.x. Let to Ladbrokes Betting & Gaming Limited FRI lease until 27th February 35 Tenant break option on 27th February 30 with 6 months notice. Rent £30,600 pa Rent review 28th February 30 GF is currently configured to a Ladbrokes corporate fit-out comprising open plan sales area with betting counters & gaming machines with staff kitchen and WC facilities & separate customer WCs. Staircase to the basement which provides cellular storage accommodation and further WC facilities. Gf: 143.32sqm (1,543sq ft) Bsm: 120.85sqm (1,302sq ft) Total: 264.17sqm (2,845sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £30,600 PER ANNUM

The property is located on Queensgate a well-established retail pitch within the heart of Inverness city centre. The property occupies a prime position on the south side of the street opposite Inverness Post Office and close to the main entrance to the Victorian Market. Inverness is the retail, commercial and administrative centre for the Highlands and Islands and is located approximately 105 miles northwest of Aberdeen and 156 miles north of Edinburgh. The city has a resident population in excess of 65,000 people and an estimated catchment population of 350,000 people. Inverness Railway Station, the Eastgate Shopping Centre, Rose Street Multi-Storey Car Park and all other city centre amenities are located within a short walking distance from the property.

Full Address: 13-15 Queensgate, Ladbrokes, Inverness, IV1 1DF

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 9 Years
Rent: £30,600 per year / £2,550 per month
Yield: 8% (approx)
Tenant: Company
Notes: let to Ladbrokes Betting & Gaming Limited on FRI lease terms until 27th February 2035, subject to a Tenant break option on 27th February 2030 with the Tenant required to provide 6 months notice of any intention to exercise the break. The current rent is £30,600 per annum with a rent review due on 28th February 2030

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Pricing Information & Bidding

Opening Bid: £396,000

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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = % of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 09 July 2026, 10am-3pm
Type: Timed Online Auction

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