For Sale

Under Offer
Investment
7-9 Queensgate Arcade (Victorian Market), Inverness, IV1 1PQ
Tenure: For Sale
Size: 905 sq ft (84 sq m)
Price: Offers Over £200,000

Key Features

  • Popular café currently let for £18,500 per annum
  • Prominent location within Inverness Victorian Market
  • Available at offers over £200,000
  • 87.09 sq m (905 sq ft)

The subjects comprise a café/restaurant unit arranged over ground floor and mezzanine levels. The subjects, formerly known as Café Victoria, benefit from a large arched styled frontage to the market and the ability to provide additional covered seating to the front.

The subjects can be found on Queensgate Arcade, which is part of the historic category B listed Inverness Victorian Market. The Victorian Market is a popular indoor shopping centre in Inverness that houses a wide range of independent businesses. The market is accessible from Queensgate, Academy Street, Union Street, or Church Street and consists of several arcades as well as the recently refurbished market hall. Inverness is the Highlands’ administrative capital and a popular tourist destination.

*investment opportunity*

 

Tenancy information

The subjects are currently let to ELS AMICS LTD trading as ‘Café de Paulo’ until 2029 on an internal repairing and insuring (IRI) lease generating £18,500 per annum. There is a rent review in line with market rent due in 2025.

Café de Paulo operate the subjects as a coffee shop providing both sit in, take away and delivery options.

Further tenancy details are available from the selling agents.

Accommodation

The subjects have been measured on a net internal basis in accordance with the current edition of the RICS Code of Measuring Practice to provide 84.09 sq m (905 sq ft) of accommodation.

Sale

Offers in excess of £200,000 are sought for our client’s interest in the property.

Rateable value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £17,750 effective 1st April 2023.

Utilities

The property has connections of mains water, electricity and drainage.

Energy performance certificate

The Energy Performance Certificate rating is ‘G’

Legal costs

Each party will be responsible for their own legal costs incurred in the preparation, negotiation and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.

Entry

On completion of legal formalities.

Viewing and further information

By appointment through the sole agents Allied Surveyors Scotland plc.

Andy Gray MA(Hons) | Tel. 01463 239494

Andy.Gray@alliedsurveyorsscotland.com

Calum Dunbar BSc(Hons) | Tel. 01463 239494

Calum.Dunbar@alliedsurveyorsscotland.com

Andy Gray

Director
Calum Dunbar

Graduate Surveyor

Enquire about this property

"*" indicates required fields

Retail and Leisure Agency Team of the Year – Finalist

Retail and Leisure Team of the Year – Finalist

Industrial Agency Team of the Year - Finalist

Business Resilience Award – Finalist

I recently used Allied Surveyors for the very first time and was extremely impressed with the service provided. From the initial marketing aspect to them finding a very suitable tenant to lease my premises in Edinburgh. The whole process was run smoothly and very efficiently start to finish

Iain and his wider team recently sold two of our commercial properties in the Borders region for us. An excellent, very efficient and first-class service. Very pro-active in moving the sales along to conclusion. Highly recommended.

Iain, Berndetta and Lauren provided a seamless and thoroughly professional service during our recent commercial letting in Edinburgh. A fantastic experience and I’d have no hesitation in working with their team again.

Ellie is fantastic to work with. She goes over and above to ensure all our needs were met, right from the initial contact through to completion. She is thorough, professional and works hard to meet deadlines. A pleasure to work with. Thank you.

I have huge thanks for Simon and all at Allied Surveyors who are just the most wonderful company to deal with. Buying/selling a home can be a complex process and to give someone your time is such a simple thing yet often lost in the current world, Simon at Allied has given us just that as well as mountains of advice and a sharing of his knowledge. Thanks Again

We have just used Allied Surveyors for EPC for our properties on the Isle of Mull and found them to be excellent throughout the process. All contacts were friendly, clear, efficient and courteous and the surveyor was very knowledgeable and considered in his work on site. Would not hesitate to recommend them.

Never had an issue with Allied Surveyors. Mrs E Henderson was brilliant both with buying and selling my previous and current property. Would always use them as my first choice.

Quick and efficient service from Andy and his team - just as they said they would do. Special mention to Andy as he was actually on his holidays when he initially responded.

Allan from Allied Stirling has done a few home report surveys for us in recent years. He has always been honest, thorough and professional. And decent value for money. I highly recommend him.

We’re here to help.

If you have a question about any of our other services please fill in the enquiry form or call one of our offices.