GUIDE PRICE

Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

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  • 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 81,040. 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 81,040 per annum. With realistic potential for over 90,000 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 81,040 per annum. With realistic potential for over 90,000 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.

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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: 81,040 per year / 6,753 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 81,040 per annum. With realistic potential for over 90,000 per annum

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Location

Pricing Information & Bidding

Guide Price: £595,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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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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.

Auction Details

Date & Time: 16 April 2021, 4pm
Type: Deadline for Offers

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