OPENING BID

Timed Online Auction

02 December 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 120-122 High Street, Former Burtons, Elgin, IV30 1BW

**PRIME TOWN CENTRE COMMERCIAL INVESTMENT OPPORTUNITY** Large ground floor retail unit located on the popular High Street of the affluent Highland town of Elgin. ***PREVIOUSLY SOLD FOR 600,000***PREVIOUSLY LET FOR 60,000 PER ANNUM***

SUPER SIZED RETAIL UNIT 217.92sq m (2,346sq ft) in prominent position on the busy, pedestrianised shopping precinct with neighbouring occupiers including Nationwide, Starbucks, Tesco, TK Maxx, Aldi, Holland and Barrett and Boots.

HIGH DEMAND RENTAL LOCATION with REALISTIC CURRENT RENTAL POTENTIAL OF 300,000 per annum. PREVIOUSLY LET FOR 600,000 per annum to Burtons. Freehold sale with full vacant possession. OFFERED IN WALK-IN CONDITION.

Potential for multiple uses within busy town centre. Potential HOT FOOD LOCATION OR RESTAURANT (subject to gaining necessary consent). Ideal location for free car parking and main line train station.

Elgin is a prosperous market town with a population of 19,000 and is located in the north-east of Scotland, 40 miles east of Inverness and 65 miles north-west of Aberdeen.

**PRIME TOWN CENTRE COMMERCIAL INVESTMENT OPPORTUNITY** Large ground floor retail unit located on the popular High Street of the affluent Highland town of Elgin. ***PREVIOUSLY SOLD FOR 600,000***PREVIOUSLY LET FOR 60,000 PER ANNUM*** SUPER SIZED RETAIL UNIT 217.92sq m (2,346sq ft) in prominent position on the busy, pedestrianised shopping precinct with neighbouring occupiers including Nationwide, Starbucks, Holland and Barrett and Boots. HIGH DEMAND RENTAL LOCATION with REALISTIC CURRENT RENTAL POTENTIAL OF 300,000 per annum. PREVIOUSLY LET FOR 600,000 per annum to Burtons. Freehold sale with full vacant possession. OFFERED IN WALK-IN CONDITION. Potential for multiple uses within busy town centre. Potential HOT FOOD LOCATION OR RESTAURANT (subject to gaining necessary consent). Ideal location for free car parking and main line train station. Elgin is a prosperous market town with a population of 19,000 and is located in the north-east of Scotland, 40 miles east of Inverness and 65 miles north-west of Aberdeen.

The thriving market 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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Pricing Information & Bidding

Opening Bid: £213,000

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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Terms of Sale

  • 10% Deposit
  • Standard 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: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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