Shepherd sells city centre office in Inverness to hotel developer
Acting on behalf of Threadneedle Pensions, Shepherd Chartered Surveyors has sold a substantial office building in a prominent location in in the heart of Inverness city centre to hotel development company Patio Hotels (Aberdeen) for an undisclosed sum.
The purchaser, which also operates the popular Kingmills Hotel in Inverness, intends to redevelop the 23,000 sq ft building, formerly known as Bridge House, into a 4-star hotel.
The four-storey and basement end terrace building is located on the west side of Church Street on a prominent corner position with Bank Lane close to High Street/Bridge Street within Inverness city centre.
It enjoys pleasant views of the River Ness and is a short walking distance from all city centre amenities, including the railway station, bus station and the Eastgate Shopping Centre.
Sandy Rennie, partner in the Inverness office of Shepherd Chartered Surveyors, said: “This sale represents a very large disposal in the Inverness market and confirms the city’s growing reputation as a desirable location for hotel operators.
“The conclusion of this sale follows our recent sale of the adjacent building to Bridge House to Bar Revolution, formerly home to McEwen’s of Perth, and provides further evidence of a buoyant market for investment in Inverness’s buoyant hospitality sector.”
For further information please contact Sandy Rennie at Shepherd on tel 01463 712239
Issued on behalf of Shepherd by Liquorice Media tel 0187 738 2961 www.liquorice-media.com
Date 2 November 2017