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Description

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

*Residential Development Opportunity* Full Building comprising Former Offices 4,580sq ft in fabulous Town Centre Location. Rarely Available auction property with expected rental circa 25,000 gbp pa.

This 3 storey traditional sandstone and slate roofed property, with attic rooms and basement has a floor area measuring approximately 420m2 and is situated on a prominent site at the east end of Elgin

It is considered potentially suitable for use as offices, retail or conversion to residential use.

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 10mrad

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.

This 3 storey traditional sandstone and slate roofed property, with attic rooms and basement has a floor area measuring approximately 420m2 and is situated on a prominent site at the east end of Elgin High Street. It is considered potentially suitable for use as offices, retail or conversion to residential use. A traditional sandstone property with pitched slate roof and pvc rainwater goods, formerly used as offices, with kitchen, toilets and basement storage. Mixture of timber and upvc double glazed windows. Electric wall mounted heaters, fluorescent tube lighting, with integral fire alarm/emergency lighting system. Floor coverings are a mix of carpet, carpet tiles, linoleum and laminate. Several original features remain included ornate cornicing, skirting boards and timber stair balustrades and banister. NAV/RV £18,750

lgin, 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: 32 High Street, Full Building, Elgin, IV30 1BU

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Pricing Information & Bidding

Opening Bid: £121,000

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: 09 January 2025, 10am-3pm
Type: Timed Online Auction

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