The property comprises a ground and basement unit set within a wider Category “C” Listed terraced building of ornate stone construction under a pitched and slated roof. The unit is currently vacant most recently operated as the Pancake Place restaurant. The ground floor benefits from an attractive glazed shop frontage with a large display window and recessed glazed pedestrian entrance door. Internally the property is currently configured to provide open plan seating areas (approx.. 85 covers) with 2 servery counters. There are male and female customer toilets plus a disabled toilet.
There is a kitchen to the rear with a small office, 2 small stores, a utility area and a staff toilet further to the rear. There is a basement floor suitable for storage accessed via timber steps off the front open seating area. The seating area comprises a solid floor and a suspended ceiling grid incorporating acoustic tiles and a mix of both spot and pendant lighting. Wall mounted radiators are fitted throughout providing heating.
Location
Elgin is situated approximately 66 miles northwest of Aberdeen and 39 miles southeast of Inverness. Within the Moray Council area, Elgin is the main administrative, business and service centre with Forres, Buckie, Lossiemouth and Keith being classified as secondary settlements.
The town is accessed by the A96 trunk road which runs between Aberdeen and Inverness. There is also a railway line between those two cities. Elgin has a population of approximately 23,128 (2011 Census) and is the regional town for Moray, with a primary catchment of approximately 90,000 within a 10-mile radius. As the administrative centre of Moray, Elgin houses the HQ offices of Moray Council. Elgin is also the regional retailing centre and an important centre for education, tourism, agricultural industries, the general service sector, healthcare, food & drink and the textile and distilling industries.
The town lies in the heart of the world famous Speyside Whisky country and together with ready access to the Cairngorm National Park and the Malt Whisky Trail this ensures Elgin is a popular tourist destination. RAF Lossiemouth, one of the RAF’s largest bases, is also located nearby and contributes significantly to the local economy. It is Scotland’s only operational RAF base which has recently benefitted from £400m of investment. The MoD is a major employer and spends more than £2bn a year in Scotland. The RAF Kinloss barracks is also located approximately 11 miles from Elgin.
The subjects occupy a 100% prime pitch on the south side of Elgin High Street towards its eastern end within the pedestrianised area which is the town’s principal shopping and footfall thoroughfare. There is a good blend of both local and national businesses nearby which include Begg Shoes & Bags Ltd, Boots the Chemist, Specsavers Opticians, W H Smith, Bank of Scotland, PDSA, Nationwide Building Society and Starbucks, to name a few
Accommodation
228 m² (2,450 ft²)
Terms
RATEABLE VALUE The property is currently listed on the Scottish Assessor’s portal as follows: RESTAURANT – NAV/RV: £16,000.
EPC Rating: “G”. Documentation available on request.
LEASE TERMS The property is available “To Let” on Full Repairing and Insuring lease terms for a period to be agreed. Rental offers over £17,500 per annum, exclusive of VAT are invited.
SALE ENTRY VAT Our client may consider a sale on a vacant possession basis. Sale price and terms on application. The property is currently vacant and is available for immediate occupation, subject to conclusion of Missives. The property is elected for the purposes of VAT.
VAT will apply to any transaction.
LEGAL COSTS Each Party will be responsible for their own legal costs incurred in any transaction. The ingoing tenant or purchaser will be responsible for LBTT, Registration Dues and VAT thereon.
Specification
- Category “C” Listed Attractive Stone Features
- Prime Location on Elgin High Street
- Extends to 228 m² (2,450 ft²)
- May Suit Various Uses, STP
- Rent: Offers Over £17,500 pa
- Immediate Entry Available