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Market Bar 4,445 sq ft Vacant Retail Property Inverness IV1 1EH £415,000 (£93.36/sq ft)
INVESTMENT HIGHLIGHTS
- Traditional pub and iconic music venue, popular with locals and tourists, offering superb development prospects and set in a very busy trading location in Inverness City Centre.
EXECUTIVE SUMMARY
Traditional pub and iconic music venue, popular with locals and tourists, offering superb development prospects and set in a very busy trading location in Inverness City Centre.
The Market Bar is situated off Church Street, within the trading area of Inverness City centre. This trading location ensures a high level of passing trade both from tourists and locals alike. Inverness is a popular tourist destination with a high number of hotels, guest houses and self-catering establishments swelling the number of inhabitants to the city during the main season. The city itself has extensive facilities for visitors and inhabitant’s alike boasting two golf courses, an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues which includes Eden Court Theatre. Nearby Cawdor Castle offers a taste of Scotland’s medieval past while Culloden Battlefield and Visitor Centre are most popular attractions with both UK and overseas visitors.
Whether it is a Whisky Trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, Inverness is an ideal base to explore the many visitor destinations across the Highlands. The City of Inverness is a vibrant centre of tourism and commerce presenting many opportunities for expanding this hospitality business. The new University of Highlands and Islands campus is indicative of the growth of the city over the past few years.
The Property The Market Bar is a 3-storey property with a full basement level with its origins from around the 1740s. The property is in a terraced location and has excellent prominence and branding. The building is of stone construction under slate roof.
Owners Accommodation There is no private accommodation with this business.
The business benefits from mains electricity, water and drainage. The premises trading aspects are fully compliant with Environmental Health and Fire Regulations. The building also has a security system.
The Market Bar is situated off Church Street, within the trading area of Inverness City centre. This trading location ensures a high level of passing trade both from tourists and locals alike. Inverness is a popular tourist destination with a high number of hotels, guest houses and self-catering establishments swelling the number of inhabitants to the city during the main season. The city itself has extensive facilities for visitors and inhabitant’s alike boasting two golf courses, an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues which includes Eden Court Theatre. Nearby Cawdor Castle offers a taste of Scotland’s medieval past while Culloden Battlefield and Visitor Centre are most popular attractions with both UK and overseas visitors.
Whether it is a Whisky Trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, Inverness is an ideal base to explore the many visitor destinations across the Highlands. The City of Inverness is a vibrant centre of tourism and commerce presenting many opportunities for expanding this hospitality business. The new University of Highlands and Islands campus is indicative of the growth of the city over the past few years.
The Property The Market Bar is a 3-storey property with a full basement level with its origins from around the 1740s. The property is in a terraced location and has excellent prominence and branding. The building is of stone construction under slate roof.
Owners Accommodation There is no private accommodation with this business.
The business benefits from mains electricity, water and drainage. The premises trading aspects are fully compliant with Environmental Health and Fire Regulations. The building also has a security system.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,445 sq ft
Costar Property Class
C
Year Built
1990
Price
£415,000
Price per sq ft
£93.36
Occupancy Rate
Vacant
Number of Floors
4
Plot ratio
0.91
Total Plot Size
0.11 ac
Frontage
45 ft on Church Street
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NEARBY MAJOR RETAILERS
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Market Bar
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