Batchen St and 69-71 South Street, Elgin - PORTFOLIO of 9 x Tenanted Retail Units. Total current rental of Ł81,040. TOWN CENTRE retail parade in the thriving and affluent market town of Elgin. EXCELLENT TRADING POSITIONS. ** HIGH YIELD **

TypeCommercial
Ownership Freehold
Occupation Tenanted
Rateable Value Search SAA

Description

Full Address: 19-33 Batchen St and 69-71 South Street, Elgin, IV30 1BH

PORTFOLIO of 9 x Tenanted Retail Units. Total current rental of Ł81,040. TOWN CENTRE retail parade in the thriving and affluent market town of Elgin. EXCELLENT TRADING POSITIONS. ** HIGH YIELD **

Subjects comprise of 9 OCCUPIED FREEHOLD TOWN CENTRE RETAIL UNITS. Strong mix of retail, food and leisure occupants with majority of leases offering either fixed uplifts and/or RPI increases.

MAJOR RETAILERS IN THE VICINITY include TK MAXX, Poundstretcher, Ladbrokes, GAME, Toymaster and Poundland. Excellent trading positions with the town's largest car park (226 spaces) is located within walking distance.

All properties leased on FRI leases with upward only rent reviews. ALL PAYMENTS UP TO DATE with excellent payment histories. Current rent totals Ł81,040 per annum. With realistic potential for over Ł90,000 per annum

The thriving town of Elgin is the administrative and commercial capital of the Moray district with a population of circa 25,000 and approximately 100,000 within a 15 mile radius. Super location in busy town centre within 1 hour of Aberdeen and Inverness.

**HIGH YIELD RETAIL INVESTMENT OPPORTUNITY** Multi-let, TOWN CENTRE retail parade in the thriving and affluent market town of Elgin. EXCELLENT TRADING POSITIONS. Subjects comprise of 9 OCCUPIED FREEHOLD TOWN CENTRE RETAIL UNITS. Strong mix of retail, food and leisure occupants with majority of leases offering either fixed uplifts and/or RPI increases. MAJOR RETAILERS IN THE VICINITY include TK MAXX, Poundstretcher, Ladbrokes, GAME, Toymaster and Poundland. Excellent trading positions with the town's largest car park (226 spaces) is located within walking distance. All properties leased on FRI leases with upward only rent reviews. ALL PAYMENTS UP TO DATE with excellent payment histories. Current rent totals Ł81,040 per annum. With realistic potential for over Ł90,000 per annum

Floorplans

19-33 Batchen St and 69-71 South Street Elgin

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Various
Rent: Ł81,040 per year / Ł6,753 per month
Yield: 14% (approx)
Tenant: Company
Notes: All properties leased on FRI leases with upward only rent reviews. ALL PAYMENTS UP TO DATE with excellent payment histories. Current rent totals Ł81,040 per annum. With realistic potential for over Ł90,000 per annum

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Pricing Information & Bidding

Guide Price: £595,000

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Terms of Sale

5% Deposit
8 Weeks Completion
Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.