Heritable Retail and Office Investment
Heritable Retail and Office Investment
Elgin is the principal town and administrative centre of Moray, benefiting from a large catchment area and a significant tourist draw due to the popular whisky distilleries located nearby.
The property is located at on the north side of the pedestrianised High Street at the eastern end of the street. Neighbouring occupiers include Boots, WH Smith and Virgin Money.
Heritable. Scottish Equivalent of English Freehold
Elgin is the principal town and administrative centre of Moray, benefiting from a large catchment area and a significant tourist draw due to the popular whisky distilleries located nearby.
The property is located at on the north side of the pedestrianised High Street at the eastern end of the street. Neighbouring occupiers include Boots, WH Smith and Virgin Money.
Heritable. Scottish Equivalent of English Freehold
The property comprises a ground floor shop with ancillary accommodation in the basement together with separately accessed office accommodation on the upper three floors. The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop with ancillary accommodation in the basement together with separately accessed office accommodation on the upper three floors. The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. |
|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
126.10 38.50 |
(1,357) (414) |
REED IN PARTNERSHIP LIMITED (3) |
A term of years from 27/07/2021 until 15/10/2028 (1) |
£16,500 |
| First Second Third |
Office Office Office |
81.70 79.90 72.00 |
(879) (860) (775) |
MORGAN SINDALL CONSTRUCTION AND INFRASTRUCTURE LTD | A term of approximately 10 months from 08/03/23 to 31/01/2024 (2) |
£20,000 |
| Total | 398.20 |
(4,285) |
£36,500 |
(1) Reed in Partnership There is a service cap of £1,200 pa
(2) This lease is on a Internal Repairing and Insuring basis. Please see the legal pack for further information. No service charge is payable by Morgan Sindall.
(3) For the year ending 30/06/2021, Reed in Partnership Ltd reported a Turnover of £195,451,000, a Pre-Tax Profit of £27,129,000 and a Net Worth of £41,641,000 (NorthRow 24/11/2023).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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