Former RBS headquarters building in Scottish city to be demolished

Highland property investment and development company Ark Estates has expanded its Inverness commercial property portfolio with the acquisition of the former RBS premises on Harbour Road, on undisclosed terms.

The prominent two-storey building, extending to some 10,000 square feet, is set within a 0.6-acre site and was, until recently, the Highland headquarters of Royal Bank of Scotland. The flat roof building is set to be demolished to open the site up for redevelopment.

Ark Estates is working with property agency Graham + Sibbald in seeking a new long-term tenant for the site.

Willie Gray, managing director of Ark Estates, said: “We are delighted to have acquired this high profile site on Harbour Road. After taking down the current flat roof building we will redevelop the site, which - with a 0.572-acre footprint and a prime location - would be suitable for a number of commercial uses.

“Subject to negotiation with any prospective new tenant, we will replace the dated building with a bespoke new, energy efficient structure with substantial yard or parking provision.”

Kenny McKenzie at Graham + Sibbald added: “There’s real demand from the commercial property market for modern, energy efficient units, and we look forward to receiving submissions of interest for this prime site.

“Ark Estates is leading the way with the work it has done on its portfolio of properties across the Longman industrial estate, and we expect much interest in such a rarely available redevelopment opportunity.”