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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
EXCELLENT INVESTMENT PROPERTY*** Ground floor commercial unit LET to COSTA on FRI LEASE at £50,000P/A located with Elgin town centre. IMMEDIATE RETURN ON INVESTMENT***
SUPER SIZE AND LOCATION*** Currently LET to Costa limited on a 15 YEAR FRI lease from 29/10/2012 at £50,000 PER ANNUM***
PROMINENT CORNER POSITION on Elgin High Street at its junction with Commerce Street. HIGH VOLUMES OF PASSING TRADE.
EXCELLENT TRADING LOCATION*** Neighbouring occupiers include Farmfoods, Santander Bank, Bank of Scotland, Cancer Research UK, St Giles Shopping Centre, Specsavers and TSB Bank.
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.
EXCELLENT INVESTMENT PROPERTY*** Ground floor commercial unit LET to COSTA on FRI LEASE at £50,000P/A located with Elgin town centre. IMMEDIATE RETURN ON INVESTMENT***
SUPER SIZE AND LOCATION*** Currently LET to Costa limited on a 15 YEAR FRI lease from 29/10/2012 at £50,000 PER ANNUM***
PROMINENT CORNER POSITION on Elgin High Street at its junction with Commerce Street. HIGH VOLUMES OF PASSING TRADE.
EXCELLENT TRADING LOCATION*** Neighbouring occupiers include Farmfoods, Santander Bank, Bank of Scotland, Cancer Research UK, St Giles Shopping Centre, Specsavers and TSB Bank.
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.
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. Neighbouring occupiers include H.Samuel, St Giles Shopping Centre, St Giles Church, Holland and Barrett, Boots
Full Address: 66-68 High Street, Costa Investment, Elgin, IV30 1BU
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 15 years from 29/10/2012
Rent: £50,000 per year / £4,167 per month
Yield: 15% (approx)
Tenant: Company
Notes:
Document Downloads
Legal Pack (Available)
Pricing Information & Bidding
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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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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