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Special Terms of Sale

  • Deposit (?) 5% of Sale Price
  • Buyers Fee (?) 1% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

SUPERSIZED INCOME PRODUCING GROUND FLOOR RETAIL PREMISES total - 24,048sq ft In HIGHLY PROMINENT TRADING POSITION Large retail property which has been sub- divided to form two large retail units

PRIME RETAIL INCOME PRODUCING INVESTMENT***Tenanted ground floor SUPERSIZED commercial property. Currently producing £150,000 per annum on a FRI lease with 5 years remaining.

SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

There is ancillary offices and storage space on ground floor levels. There is a large multi-story car park above the property (out with the demise) which has direct lift access to the communal lobby.

EXCELLENT TOWN CENTRE LOCATION with high footfall. Occupiers nearby include Poundland, the Pet Hut, WH Smith, Card Factory & The Works

SUPERSIZED INCOME PRODUCING GROUND FLOOR RETAIL PREMISES total - 24,048sq ft In HIGHLY PROMINENT TRADING POSITION Large retail property which has been sub- divided to form two large retail units. PRIME RETAIL INCOME PRODUCING INVESTMENT***Tenanted ground floor SUPERSIZED commercial property. Currently producing £150,000 per annum on a FRI lease with 5 years remaining. SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** There is ancillary offices and storage space on ground floor levels. There is a large multi-story car park above the property (out with the demise) which has direct lift access to the communal lobby. EXCELLENT TOWN CENTRE LOCATION with high footfall. Occupiers nearby include Poundland, the Pet Hut, WH Smith, Card Factory & The Works

The property is prominently positioned on Thunderton Place accessed directly via a pedestrianised lane from Elgin High Street. There is a multi-story car park positioned above the property which generates high levels of footfall to the High Street. The immediate area is predominantly retail however there is an affluent residential area to the south. Elgin, the administrative and commercial centre of Moray district, is an affluent market town with a resident population of some 21,000 and a primary catchment of approximately 90,000 within a 10 mile radius. Located on the Moray Firth, approximately 40 miles east of Inverness and 65 miles north west of Aberdeen, the town benefits from good road (A96) and rail communications connecting to the respective national networks. The property forms part of the prime retail pitch which includes the High Street and the St Giles Centre

Full Address:  Thunderton Place, Unit 2, Elgin, IV30 1LY

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 Years
Rent: £150,000 per year / £12,500 per month
Yield: 15% (approx)
Tenant: Company
Notes: TK Maxx expiry 2029 FRIL £150,000

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Pricing Information & Bidding

Opening Bid: £985,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 5% Deposit
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 14 November 2024, 10am-3pm
Type: Timed Online Auction

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