| scotland
MORAY HOUSE IN INVERNESS A
OPPORTUNITY IN INVERNESS
cting on behalf of landlord CWC Group, joint agents Shepherd Chartered Surveyors and Graham + Sibbald have succeeded in fully letting the whole building at Moray House in Inverness. The last available suite extending to 720 sq ft on the ground floor of the building has been taken by Yellow Cherry Digital on five-year lease terms. The website designer now joins fellow tenants Digby Brown, Newcross Healthcare, Wipro, The Highlands & Western Isles Valuation Joint Board, Mott MacDonald, Provident Finance, 360 Architecture, Hays Specialist Recruitment and Erpass. The 21,150 sq.ft building, with five vacant suites, was purchased as a multi-let office investment by CWC Group in 2016. Moray House is centrally and prominently located on Bank Street fronting the River Ness in Inverness city centre within easy walking distance of the main shopping thoroughfares. The building comprises four floors providing modern refurbished office suites arranged around a central service core.
Linda Cameron, from the Inverness office of Shepherd
Chartered Surveyors, said: “The recent success achieved in the full letting of this prominent building demonstrates that activity is picking up in the Inverness office market after a recent slow-down.” Kenny McKenzie from Graham + Sibbald commented: “We are delighted to have secured a tenant for the last remaining vacant suite in Moray House and look forward to the opportunity to work with CWC Group on any future instructions.” Gordon Arthur of CWC Group added: “We have enjoyed working with the leading local agents to fill the building. The Group’s Inverness office is actively seeking further development/investment opportunities in the region.”
HOTEL ON BEACH WHERE ROBERT THE BRUCE LANDED FOR SALE
hotel on the stunning West Highland beach where Robert the Bruce landed while fleeing the English following an early setback is being offered for sale. Dunvalanree, in the tiny Kintyre hamlet of Port Righ, sits on
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a sandy cove overlooking the Isle of Arran. A popular guest house with restaurant for the past two decades, it has previously has been graded four stars by Visit Scotland as a ‘Restaurant with Rooms’, and had entries in the Good Food Guide and Good Hotel Guide. Alistair Letham, a director in the UK hotels agency team at
Colliers International, said: “Dunvalanree, which has traded very successfully over the past twenty years, is a super property in an outstandingly idyllic location. It is an ideal opportunity for those seeking that definitive life-style change, with the potential of a good little income. The Kintyre peninsula is a sought after destination by many and Dunvalanree can easily capitalise on this appeal.”
Alongside the
seven letting bedrooms, lounge and restaurant, Dunvalanree comes with a detached self- catering cottage and a four-bedroom private flat for owners.
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redevelopment opportunity in Inverness to family-run car dealer Arnold Clark for in excess of the guide price of £1.25m. The sale follows the relocation of the Mechanical Engineering Services workshop of Forest Enterprise Scotland to more appropriate premises at Henderson Road. Prominently located on the north side of Harbour Road, one of the main thoroughfares within the Longman Industrial Estate, the prime business area of the city, the property benefits from a high-profile roadside location and enjoys easy connections to the main road network with the A82, A9 and A96 all readily accessible.
A The property comprises a generally level and rectangular
site extending to 1.3 acres and presently has three workshop/storage buildings with a concrete dock leveller in the centre.
Sandy Rennie, partner in the Inverness office of Shepherd
Chartered Surveyors, said: “The site is without question one of the best in Inverness, benefiting from significant vehicle traffic on busy Harbour Road. We had a number of parties interested and, following a closing date being set, Arnold Clark was identified as the preferred party.” Forest Enterprise Scotland is an agency of the Forestry
Commission and manages the National Forest Estate on behalf of Scottish Ministers.
MULTI-LET RETAIL AND OFFICE INVESTMENT
oint agents Shepherd Chartered Surveyors and Graham + Sibbald have sold a multi-let retail and office investment opportunity in Inverness for £1.7 million to a local investor. Whilst the building is income producing, it also offers redevelopment opportunities and reaffirms the buoyant investment market, continuing the revolution of the area around Church Street. Positioned on the east side of Church Street on a prominent corner position with Baron Taylor’s Street close to High Street/Bridge Street within Inverness city centre, the 12,390 sq.ft property is a short walking distance from all city centre amenities, including the railway station, bus station and the Eastgate Shopping Centre.
The ground floor of the four-storey and basement building comprises a parade of retail units with basement storage and glazed frontage onto Church Street with the upper three floors comprising modern offices. The building currently generates a total rental income of £207,880 pa.
Sandy Rennie, partner in the Inverness office of Shepherd
Chartered Surveyors, said: “This sale represents another large disposal in the Inverness market and confirms the city’s burgeoning reputation as a desirable location for investors. “Indeed, this building is situated directly opposite the former Bridge House building which we recently sold to hotel development company Patio Hotels (Aberdeen), which intends to redevelop the building into a 4-star hotel. “And this latest sale confirms the attraction of the city’s Church Street area to the buoyant leisure and hospitality sector, following, as it does, our recent sale of the nearby McEwen’s of Perth building to Bar Revolution.”
COMMERCIAL PROPERTY MONTHLY 2018
cting on behalf of Forest Enterprise Scotland, Shepherd Chartered Surveyors has sold a prime industrial
REDEVELOPMENT INDUSTRIAL
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