The property comprises a retail unit over ground and first floors set with a wider Category “B” Listed terraced building of ornate stone construction under a pitched and slated roof. The unit is currently vacant most recently operated as a travel agency. The ground floor benefits from an attractive double shop frontage with large display windows and a centrally recessed timber and part glazed pedestrian entrance door. Internally the property is currently configured to provide an open plan sales area with an office, storage space and a staircase leading to the first floor towards the rear. The sales area comprises a solid concrete floor and a suspended ceiling grid incorporating acoustic tiles, integrated lighting and airconditioning cassettes. The first floor provides further stock storage space plus staff kitchen and toilet facilities. Please note that the second and third floors of the building are also in the ownership of our client and are available, having previously been mothballed.
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 north side of Elgin High Street at 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, Highland Mobiles, Boots the Chemist, Specsavers Opticians, W H Smith, Bank of Scotland, PDSA, Nationwide Building Society and Walkers Shortbread Ltd, to name a few.
Accommodation
Ground Floor 135.17 sq m (1,455sq ft )
First Floor 111.02 sq m (1,195sq ft )
TOTAL 246.19 sq m (2,650 sq ft )
Terms
PLANNING The property has Class 1A (Shops, Financial, Professional and Other Services) planning use consent in terms of the Town and Country Planning (Use Classes) (Scotland) Order 1997. Other uses may be permissible subject to securing the appropriate planning use consent. Please discuss any proposals with the marketing agents.
RATEABLE VALUE The property is currently listed on the Scottish Assessor’s portal with a NAV/RV of: £23,750.
EPC Details area available on request.
LEASE TERMS The property is available “To Let” on Full Repairing and Insuring lease terms for a period to be agreed. We are seeking rental offers over £28,500 per annum, exclusive of VAT.
SALE TERMS Our client may consider a sale of their Heritable Interest (Scottish Equivalent of English Freehold) in the property. Sale Price on Application.
ENTRY The property is currently vacant and is available for immediate occupation, subject to conclusion of Missives.
VAT 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
- Ground & First Floor unit within Traditional Terraced Building
- Mothballed 2nd & 3rd Floors are also Available
- Category “B” Listed with Attractive Stone Features
- Prime Location on Elgin High Street
- Extends to 246 m² (2,650 ft²), excludes 2nd & 3rd Floors
- May Suit Various Uses, STP
- Rent: Offers over £28,500 pa
- Sale Price On Application
- Immediate Entry Available