151 High Street Elgin Morayshire IV30 1DS

151 High Street
Elgin
Morayshire
IV30 1DS

Heritable Bank Investment

Prominent High Street location within Elgin town centre
Over 10 years unexpired to Clydesdale Bank PLC
Within the pedestrianised High Street close to the St Giles Shopping Centre
Neighbouring occupiers include Boots the Chemist, WH Smith, Starbucks and M&Co
Six Week Completion

Lot
39
Auction
11th December 2014
Rent
£84,365 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of CBRE Global Investors

Interested?

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Heritable Bank Investment

Prominent High Street location within Elgin town centre
Over 10 years unexpired to Clydesdale Bank PLC
Within the pedestrianised High Street close to the St Giles Shopping Centre
Neighbouring occupiers include Boots the Chemist, WH Smith, Starbucks and M&Co
Six Week Completion

Lot 39
Auction 11th December 2014
Rent £84,365 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of CBRE Global Investors

Property Information

Location

Miles: 40 miles east of Inverness 65 miles north west of Aberdeen
Roads: A96
Rail: Elgin Station (First ScotRail)
Air: Inverness Airport (31 miles east)

Situation

The property is situated in a prominent position on the northern side of the High Street, close to the junction with North Street and on the pedestrianised section of the street. This section of the High Street together with the St Giles Shopping Centre forms the principal shopping location in the town.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Location

Miles: 40 miles east of Inverness 65 miles north west of Aberdeen
Roads: A96
Rail: Elgin Station (First ScotRail)
Air: Inverness Airport (31 miles east)

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property comprises a modern bank building with the bank operating from ground and part first floors. There are self contained offices on part first and second floors accessed from the High Street. The property benefits from car parking to the rear.

VAT

VAT is not applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis (Telephone: +44(0)131 554 1705 or Gwen Thomas (Telephone: +44 (0)20 7034 4857).

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Viewings

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversions)
Ground First First (2) Second (2)	Banking Hall/ Ancillary Ancillary Office Office	292.17 sq m 95.69 sq m 163.97 sq m 143.53 sq m	(3,145 sq ft) (1,030 sq ft) (1,765 sq ft) (1,545 sq ft)	CLYDESDALE BANK PLC (1)	15 years from 07/10/2010 until 06/10/2025	£84,365	07/10/2015 07/10/2020
Totals		695.36 sq m	(7,485 sq ft)			£84,365

(1) Clydesdale Bank was established in Glasgow in 1838 and became a member of National Australia Group in 1987, with over 140 retail branches and a network of
business and private banking centres, Clydesdale is one of Scotland’s largest banks (Source: www.cbonline.co.uk). As at 30th September 2013, Clydesdale Bank
plc reported a pre-tax loss of £33m and a net worth of £2.41bn. (Source: Experian 14/11/2014)
(2) Offices are sublet. Details available on request.