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Description

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

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted Elgin town centre commercial property let with passing rent of £12,000 per annum. Highly secure tenant in place since 2010.

CLASS 3 HOT FOOD CONSENT IN SUPER TRADING POSITION ON ELGINS North Street Bishophmill. Super trading position, settled occupier trading extremely well. Established business with excellent reputation.

Perfect commercial investment with strong local tenant in North Street Bishipmill. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by.

HIGHLY PROMINENT FRONTAGE ONTO STREET. Comprises Service area to front, Storage with Fridges, rear kitchen, W/C further storage. Property benefits from a rateable value of £5,400 per annum. 65.20m2

Property is situated on a busy street, benefiting from large footfall traffic provided by the surrounding residential area ***PRIME COMMERCIAL LOCATION***

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted Elgin town centre commercial property let with passing rent of £12,000 per annum. Highly secure tenant in place since 2010. CLASS 3 HOT FOOD CONSENT IN SUPER TRADING POSITION ON ELGINS North Street Bishophmill. Super trading position, settled occupier trading extremely well. Established business with excellent reputation. Perfect commercial investment with strong local tenant in North Street Bishipmill. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by. HIGHLY PROMINENT FRONTAGE ONTO STREET. Comprises Service area to front, Storage with Fridges, rear kitchen, W/C further storage. Property benefits from a rateable value of £5,400 per annum. 65.20m2 Property is situated on a busy street, benefiting from large footfall traffic provided by the surrounding residential area ***PRIME COMMERCIAL LOCATION***

The immediate area is predominantly surrounded by an affluent residential area. 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.

Full Address: 9 North Street Bishopmill, HOT FOOD TENANTED INVESTMENT, Elgin, IV30 4EG

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rollng
Rent: £12,000 per year / £1,000 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £98,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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