126 / 128 High Street Elgin Moray IV30 1BW

126 / 128 High Street
Elgin
Moray
IV30 1BW

Heritable Retail Investment

Ground & basement let to H Samuel Limited
Tenant in occupation since 2005
Lease recently extended until 2021
Prominent retail unit on pedestrianised High Street
Nearby occupiers include Bank of Scotland, Holland & Barrett, Starbucks and Clydesdale Bank
Opportunity to add value by letting the upper parts
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
122
Auction
13th October 2016
Rent
£17,000 per Annum Exclusive
Status
Sold
Price
£159,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of KPMG as Joint Liquidators

Interested?

Expand
Photos
Map

Heritable Retail Investment

Ground & basement let to H Samuel Limited
Tenant in occupation since 2005
Lease recently extended until 2021
Prominent retail unit on pedestrianised High Street
Nearby occupiers include Bank of Scotland, Holland & Barrett, Starbucks and Clydesdale Bank
Opportunity to add value by letting the upper parts
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 122
Auction 13th October 2016
Rent £17,000 per Annum Exclusive
Status Sold
Price £159,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of KPMG as Joint Liquidators

Property Information

Location

Miles: 40 miles east of Inverness, 65 miles north-west of Aberdeen
Roads: A96
Rail: Elgin Station (50 minutes to Inverness)
Air: Inverness Airport

Situation

Elgin is the principal town and administrative centre in Moray. Elgin benefits from a large catchment area and a significant tourist draw due to the many whisky distilleries in and around the town. Baxters Food have their headquarters on the edge of the town and RAF Lossiemouth and Kinloss are also close to the town. The property is situated in a prominent position on the pedestrianised High Street which, along with the St Giles Shopping Centre, forms the main retailing focus of the town. Nearby occupiers include Bank of Scotland, WH Smith, First Choice and Starbucks.

Tenure

Heritable. (the Scottish equivalent of English freehold).

Location

Miles: 40 miles east of Inverness, 65 miles north-west of Aberdeen
Roads: A96
Rail: Elgin Station (50 minutes to Inverness)
Air: Inverness Airport

Situation

Tenure

Heritable. (the Scottish equivalent of English freehold).

Description

The property comprises a ground floor retail unit with basement storage and ancillary accommodation. The first and second floor offices are self-contained and are accessed from the High Street.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Liquidators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Liquidators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Liquidators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor retail unit with basement storage and ancillary accommodation. The first and second floor offices are self-contained and are accessed from the High Street.

VAT

VAT is not applicable to this lot.

Note

Completion Period

Six Week Completion

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	Reversion
Ground Basement	Retail Storage /Ancillary	105.63 sq m 11.80 sq m	(1,137 sq ft) (127 sq ft)	H SAMUEL LIMITED (1)	16 years from 28/05/2005 on a full repairing and insuring lease (2)	£17,000	28/05/2021
First Second	Office Office	66.42 sq m 67.63 sq m	(715 sq ft) (728 sq ft)	VACANT
Totals		251.48 sq m	(2,707 sq ft)			£17,000

(1) H Samuel has been trading for over 180 years. The company is part of Signet Jewelers Ltd, the world’s largest specialist jeweller trading from over 300 stores throughout the United Kingdom (Source: www.hsamuel.co.uk). For the year ending 31st January 2015, H Samuel Limited reported a turnover of 240,282,000, pre-tax profits of £13,732,000 and a net worth of £107,774,000. (Source: Experian Group 15/09/2016).
(2) The lease provides for an option to determine on 29/05/2019 subject to 6 months written notice.