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Marr House, Beechwood Business Park, Inverness IV2 3JJ

Lot no: 24 Available
 

Guide Price £325,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1074, and completion must take place within 20 business days, unless the Special Conditions of Sale state otherwise.

Tuesday 19th October 2021

2.30pm
Key Features
  • Multi-let office pavilion
  • Extends to 282.79 M² (3,044 FT²)
  • Current income £32,400 per annum
  • Short unexpired lease terms / Vacant possession anticipated December 2021
  • EPC Rating: E
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Available

Commercial Property

Property Description:

The subject comprises a modern 2-storey standalone office pavilion of conventional construction. The ground floor provides two self contained office units and a shared toilet and tea prep facilities. The first floor provides 5 self contained office rooms, which can be let out individually or combined to suit larger space requirements. The specification includes powder coated aluminum double glazed windows and there is perimeter trunking for IT installations. There are designated car parking spaces.

We have provided an accommodation and tenancy schedule. It is anticipated that vacant possession will be obtainable in near course and the opportunity would therefore suit owner occupiers and investors.

Location

The property is located within the popular Beechwood Business Park on the southern outskirts of Inverness close to Beechwood UHI Campus and Raigmore Hospital. The park enjoys easy access to the main A9 trunk road and close connection to the main A96 trunk road. Neighbouring occupiers include a healthy mix of local and national companies including Fairhurst, City Fibre, Tailor Made Moves, Innes & Mackay and Saffery Champness. There is also a Premier Inn and Brewers Fayre within the business park.

Accommodation and Tenancy

TENANT - Marie Curie<br>POSITION - 1st Floor Room 1<br>FLOOR AREAS - 453 ft²<br>RATEABLE VALUE - £10,000<br>LEASE TERM START DATE - 01/12/16<br>LEASE EXPIRY - 30/11/21<br>RENT (£/PA) - £6,500<br>ERV (£/PA) - £7,250<br>COMMENTS - Notice to Quit received.

Accommodation and Tenancy

TENANT - Vacant<br>POSITION - 1st Floor Room 2<br>FLOOR AREAS - 194 ft²<br>RATEABLE VALUE - £6,250<br>LEASE TERM START DATE - NA<br>LEASE EXPIRY - NA<br>RENT (£/PA) - NA<br>ERV (£/PA) - £4,000<br>COMMENTS - Vacant

Accommodation and Tenancy

TENANT - Donald Begg<br>POSITION - 1st Floor Room 3, Room 4 and Room 5<br>FLOOR AREAS - 682 ft²<br>RATEABLE VALUE - £15,000<br>LEASE TERM START DATE - 19/12/16<br>LEASE EXPIRY - 18/12/21<br>RENT (£/PA) - £9,900<br>ERV (£/PA) - £10,500<br>COMMENTS - Notice to Quit received

Accommodation and Tenancy

TENANT - MacDonald & Ross Ltd<br>POSITION - Ground Floor 1<br>FLOOR AREAS - 1,053 ft²<br>RATEABLE VALUE - £14,500<br>LEASE TERM START DATE - 21/11/14<br>LEASE EXPIRY - 20/11/19<br>RENT (£/PA) - £16,000<br>ERV (£/PA) - £16,500<br>COMMENTS - On Tacit. Tenant not in occupation.<br>MacDonald & Ross Ltd are in Creditors' Voluntary<br>Liquidation (CVL).

Accommodation and Tenancy

TENANT - Vacant<br>POSITION - Ground Floor 2<br>FLOOR AREAS - 662 ft²<br>RATEABLE VALUE - £11,500<br>LEASE TERM START DATE - NA<br>LEASE EXPIRY - NA<br>RENT (£/PA) - NA<br>ERV (£/PA) - £11,500<br>COMMENTS - Vacant

Note

The buyers fee 2.4% (inc VAT) of the purchase price subject to a minimum fee of £3,474 (inc VAT).

Tenure:

See Legal Pack. Part let/part vacant.


Auction Method:

The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”.

The auction can be watched in real-time on the auction date on our home page: https://www.sdlauctions.co.uk/

The auction date applicable for the property is displayed on this page. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.

You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.

When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales).

Auction Type – Unconditional with Fixed Fee

If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.

Auction Fees

The following standard non-refundable fees apply:

  • Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.

Deposit

On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.

Payment Method:

Applicable fees/deposit must be paid immediately after a winning bid has been placed. We do not accept payment by cash or cheque. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of our representatives to make payment. If we cannot make contact with you within 24 hours after the auction ends, we reserve the right to charge your card if you do not respond to this email.

Legal Pack

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.

The legal pack can be viewed on this page, under the sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.

The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Special Conditions of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property – they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Energy Performance Certificate

The EPC for this property can be viewed in full at the top of this page or in the legal pack.

Registration Process:

T To register to bid on the property, you must submit your remote bid here: https://www.sdlauctions.co.uk/remote-telephone-proxy-bidding/. There is also a link to register on the property details page, where you will also be able to find the lot number for the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.