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2-8 Queensgate

Shop for sale

£3,000,000 20,779 sq ft

Knight Frank LLP
Contacts

Douglas Binnie - Knight Frank LLP

Chris Ion - Knight Frank LLP

Full address
2 Queensgate, Inverness IV1 1PQ – Inverness
Highlights
  • Occupies a highly prominent city centre position on the corner of Queensgate and Academy Street.
  • The train and bus stations are both within 150 yards
Property type

Shop for sale

Asking price
£3,000,000
Available space range
There is 1 space available. This measures 20,779 sq ft.
Brochure
Download the brochure

Sale details

Sale unit 3776570 Available

20,779 sq ft, £144.38 per sq ft

Unit Sale unit 3776570
Address 2 Queensgate, Inverness, Inverness Shire, IV1 1PQ, GB
Size 20,779 sq ft
Price £3,000,000
Price per unit £144.38 per sq ft
Unit Sale unit 3776570
Address 2 Queensgate, Inverness, Inverness Shire, IV1 1PQ, GB
Size 20,779 sq ft
Price £3,000,000
Price per unit £144.38 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 8.37%
Financial type Actual
Financial year 2017
Net operating income £251,000

Sale notes

  • Retail and residential investment/development opportunity 2 - 8 queensgate comprises a grade b listed building of traditional stone and slate building over three floors and attic.
  • The building dates from 1895 and retains original features while having been modernised with the benefit of double glazing throughout.
  • The ownership includes four parking spaces in the lane between the subjects and post office.
  • Retail the two retail units comprise the ground and basement levels.
  • 2- 4 queensgate has its entrance on the corner of queensgate and academy street with return frontage.
  • The unit is trading as a william hill bookmakers and contains their corporate fit out.
  • 8 queensgate comprises a smaller standard retail unit again with corporate fit out.
  • Residential 6 queensgate is the residential apartments which are contained over first, second and attic levels with the entrance between the two retail units.
  • There are 21 apartments comprising 8 x one bedrooms, 10 x two bedrooms and 3 x three bedrooms.

Property description

2-8 Queensgate comprises a Grade B listed building of traditional stone and slate building over three floors and attic. The building dates from 1895 and retains original features while having been modernised with the benefit of double glazing throughout. The ownership includes four parking spaces in the lane between the subjects and Post Office.

Building subtype
Storefront retail residential
Number of storeys
4
Rentable building area
20,779 sq ft
Year built
1895

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Inverness.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Knight Frank LLP. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Knight Frank LLP for full details and further information.