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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:

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Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £344,000

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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% 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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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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