Unit 8 Market Hall, Victorian Market - Property for rent

Located in the centre of Inverness, the capital of the Highlands, the historic Victorian Market dates back to the 19th century. The Market has long been a popular retail location, offering a unique shopping and dining experience.

The Market Hall underwent an exciting refurbishment in 2022 to create a modern Food Hall, with a large eating space.  The food hall is proving very popular and the footfall in the Market is approximately over 2million per year, with the summer months seeing approximately 10,000 per day.  Regular entertainment is also provided throughout the week in the Food Hall.

The unit is of rectangular shape, close to the Market Arcade entrance and does not have 3-Phase electricity or extraction.  The unit will be available for Class 1A (Retail and Cold Food) and Class 3 (Food and Drink) Uses.  This unit offers a great opportunity for a new or existing business. 

Please detail on your application what electrical equipment you propose to use to ensure the electrical system is not overloaded.

Service Charge: 

The incoming tenant will be responsible for paying a share of communal running costs associated with the Victorian Market through a service charge. 

The Service Charge will cover costs such as communal utilities, cleaning, marketing, waste collection and security.  The current Service Charge for Unit 8 is £8,185.17 per annum, which is subject to change yearly and is managed by Graham & Sibbald.  A full breakdown of these costs can be provided to interested parties.

Please click here to download a copy of the Letting Particulars

Unit 8 is currently set up as a seating area, so can be viewed at any time the Market is open.  Please be mindful to any diners who may be seated within the area whilst you are viewing the unit.

If you have any specific questions regarding the unit, please contact us on telephone 01463 785128 or send an email to: 

property.letting@highland.gov.uk

Please click here to download a copy of the application form

Lease Terms & Conditions:

We are offering the property for lease on tenant full repairing & insuring terms, for an initial period of five years.

Further information on lease terms & conditions and tenants’ rights & responsibilities can be found on the Council’s website in our online  handbook - A Guide for Industrial & Commercial Tenants:

www.highland.gov.uk/info/6/commercial_land_and_property

You will be responsible for meeting all the legal costs of preparing the lease.  You will also be liable for any LBTT, Registration Dues and VAT thereon.

The unit will be available for Class 1A (Retail and Cold Food) and Class 3 (Food and Drink) Uses.  This unit offers a great opportunity for a new or existing business. 

The property’s Rateable Value is £3,650.  The 2025/26 Annual Business Rate is 49.8p.

If you believe you may be exempt of liability for Non-Domestic Rates, it is your responsibility to apply for the appropriate exemption.

Email: property.letting@highland.gov.uk

Telephone: (01463) 785128 (24-hour voicemail).