TO LET NEW BUILD S FROM 5,000 SQ FT PLANNING CONSENT GRANTED NEW LETTINGS TO: RETAIL & LEISURE PARK
LOCATION Inverness is the capital of the Highlands and forms the focal commercial and retail centre for the entire Highlands & Islands region. The town has a population of approximately 55,000 people and draws on an estimated catchment in the order of 325,000 people. Inshes Retail & Leisure Park is situated approximately 1.5 miles south of Inverness city centre and is readily accessible and highly visible from the nearby A9, the principal vehicular route linking Inverness to the north and the central Scotland motorway network to the south. Inshes Retail & Leisure Park adjoins Tesco s new Extra store which is situated immediately adjacent to the southern distributor road within an area that has seen considerable residential growth in recent years. This is set to continue over the next 10 year period. PLANNING Detailed planning consent has been granted for the Phase Two Extension where units have been let to Dunelm and Hobbycraft. The remaining units could be constructed within a very early timescale facilitating early access. DESCRIPTION Currently the Park provides a total retail floor space of approximately 250,000 sq ft, with occupiers including Tesco, Matalan, Brantano, Deichmann, Dunelm (due to open November 2012), Hobbycraft, Bannatyne s Health Club, Harry Ramsdens and Blockbuster Video. It is proposed that the retail warehouse element of the scheme will be extended further, by up to 47,500 sq ft in the area show on the following page, where units of 5,000 sq ft to 30,000 sq ft could be accommodated. In addition, a further development site is currently under offer to Aldi.
ACCOMMODATION 7,437 sq ft Unit 3 DEICHMAN 6,887 sq ft Unit 4 HOBBYCRAFT 11,287 sq ft Unit 5 DUNELM 23,000 sq ft Unit 6 BANNATYNES 26,689 sq ft Unit 7 HARRY RAMSDENS 2,292 sq ft Unit 8 BLOCKBUSTER 4,020 sq ft Unit 9 LES ENFANTS 8,500 sq ft Unit 10 ALDI 15,500 sq ft TOTAL 150,994 sqft A9 SOUTH UNDER OFFER TO LES ENFANTS NURSERY PROPOSED FURTHER EXTENSION RETAIL & LEISURE PARK H RT 45,382 sq ft BRANTANO NO MATALAN Unit 2 A9 Unit 1
1 4 PROPOSED SITE LAYOUT PLAN SIR WALTER SCOTT DRIVE ROUNDABOUT B A UNDER OFFER TO C D LES ENFANTS NURSERY PROPOSED NEW BUILD SCHEDULE NO TENANT NAME FLOOR AREA (SQ.FT) A PROPOSED NEW 7,500 B PROPOSED NEW 15,000 C PROPOSED NEW 20,000 D PROPOSED NEW 5,000 TOTAL 47,500 SQ.FT.
RENTAL PROPOSALS Please contact the letting agents for further information. LEASE TERMS Pre-lets are available from units of 5,000 sq ft to 30,000 sq ft, on the basis of full repairing and insuring leases for a minimum period of 10 years, subject to 5 year upward only rent reviews. RATING The units will only require to be assessed for rating purposes upon completion. LEGAL COSTS Each party will be responsible for their own legal costs incurred in connection with any transaction. The ingoing tenant will be responsible for stamp duty land tax, registration dues and VAT incurred thereon. RETAIL&LEISUREPARK VIEWING & FURTHER INFORMATION THE SAT NAV REFERENCE POSTCODE IS IV2 3TW. Please contact the sole letting agent for further information or to arrange a viewing. 37 ONE 37 George Street EDINBURGH EH2 2HN ALASDAIR COATES alasdair@coatesandco.net T: 0131 225 8684 MARK DAWSON mark@coatesandco.net T: 0131 225 6001 A development by AD Coates & Co for themselves and for vendors or lessors of this property whose agents they are, give notice that: (1) The particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract. (2) No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatever in relation to this property. (3) This property is offered subject to contract and, unless otherwise stated, all rents are quoted exclusive of VAT. (4) Nothing in these particulars should be deemed to be a statement that the property is in good condition or that any services or facilities are in working order. (5) Unless otherwise stated, no investigations have been made regarding pollution or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. Date of publication: February 2013