The Caledonian, 9 High Street Inverness, Invernesshire IV1 1HY


THE CALEDONIAN


Location Estimated District Population: 208,000 Miles: 39 miles south-west of Elgin 64 miles north-east of Fort William


Roads: A9, A82, A96, A835


Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.


Extract reproduced from 1998 Edition of the Goad Plan Rent £95,000 pa


Attractive and Prominent Heritable Public House Investment • Let to Barracuda Pubs & Bars Limited • Lease expires July 2032 (No breaks) • Town centre location


• 30Working Day Completion available


82


Position The property is located in a prominent location on High Street opposite the Town Hall, in the heart of Inverness town centre.


Nearby: Marks & Spencer,WH Smith, Burton, Superdrug, McDonald’s, Primark, Boots the Chemist and branches of the main banks.


Description PUBLIC HOUSE arranged on the ground, lower ground, first and second floors. The property benefits from an outdoor patio area at ground floor level.


Present Accommodation (approximate areas) Floor


Accommodation


Ground Lower Ground First Second


Public House/Ancillary Public House/Ancillary Ancillary Ancillary


Total Commercial Area


Tenure Heritable (Scottish Equivalent of Freehold).


Tenant


BARRACUDA PUBS & BARS LIMITED (1) with a guarantee from BARRACUDA PUB GROUP LIMITED (2)


Lease Term: 25 years from 13th July 2007 Basis:


FRI


Rent: £95,000 per annum Reviews: 2012 and 5 yearly thereafter Expiry: July 2032


VAT is applicable to this lot – please see Conditions of Sale and Articles of Roup.


Gross Internal Areas


363.23 sq m 166.29 sq m 362.31 sq m 345.58 sq m


1,237.41 sq m


(2) Barracuda Pub Group Ltd, for the year to 09/10 reported a turnover of £153 million and total assets of £190.8 million. (Source: One Source One-Stop Report)


The Conditions of Sale, Articles of Roup and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor BTO Solicitors. t: 0141 221 8012. e: js@bto.co.uk Ref: Ms J Steel.


(3,910 sq ft) (1,790 sq ft) (3,900 sq ft) (3,720 sq ft)


(13,320 sq ft)


(1) Trading as The Caledonian. Barracuda Pubs & Bars Ltd for the year to 09/10, reported a turnover of £110 million, total assets of £133 million and net worth of £74.1 million. (Source: One Source One-Stop Report)


LOT 70


9 HIGH STREET


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