Heritable Office Building With Development Potential
Substantial Office Building
Extending to approximately 1,542 sq. m. (16,602 sq. ft.) over Basement, Ground, First and Second floors
On Site Car Parking Spaces
Potential Redevelopment Opportunity (Subject to Planning)
Lot 44
Auction 7th November 2024
Vacant Possession
Status Sold
Price £500,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
40 miles east of Inverness, 65 miles north-west of Aberdeen
Roads
A96, A941
Rail
Elgin Railway Station
Air
Inverness Airport
Situation
Elgin is the administrative centre for Moray and has a strong mix of local and national retailers. Local industry includes farming, tourism and the nearby RAF base at Lossiemouth. The property is located within the centre of Elgin and lies in a prominent position, close to the A96 linking Aberdeen and Inverness. Surrounding properties on South Street comprise a mixture of residential, retail and other commercial uses.
Tenure
Heritable.
Location
Miles
40 miles east of Inverness, 65 miles north-west of Aberdeen
Roads
A96, A941
Rail
Elgin Railway Station
Air
Inverness Airport
Situation
Elgin is the administrative centre for Moray and has a strong mix of local and national retailers. Local industry includes farming, tourism and the nearby RAF base at Lossiemouth. The property is located within the centre of Elgin and lies in a prominent position, close to the A96 linking Aberdeen and Inverness. Surrounding properties on South Street comprise a mixture of residential, retail and other commercial uses.
Tenure
Heritable.
Description
The property comprises a detached, three storey office block. There are a large number of on site car parking spaces. The accommodation is split between two blocks and provides a total of approximately 1,542 sq. m. (16,602 sq. ft.) over basement, ground, first and second floors. The accommodation offers typical floor plates of between 2,400 and 2,800 sq. ft.. Floor plans can be made available upon request.
VAT
VAT is applicable to this lot.
Planning
The site is not currently located within a conservation area and is not category listed. The site has no specific allocation within the Moray Local Development Plan (2020) and is ‘white land’ within the Elgin settlement boundary which could be suitable for a number of uses. The town centre boundary is located just to the north/ east running along South Street. Therefore, from this brief assessment the site could be considered to be an ‘edge of centre’ site. Further information is available upon request.
EPC
Band B. Please see the legal pack for further information.
Description
The property comprises a detached, three storey office block. There are a large number of on site car parking spaces. The accommodation is split between two blocks and provides a total of approximately 1,542 sq. m. (16,602 sq. ft.) over basement, ground, first and second floors. The accommodation offers typical floor plates of between 2,400 and 2,800 sq. ft.. Floor plans can be made available upon request.
VAT
VAT is applicable to this lot.
Planning
The site is not currently located within a conservation area and is not category listed. The site has no specific allocation within the Moray Local Development Plan (2020) and is ‘white land’ within the Elgin settlement boundary which could be suitable for a number of uses. The town centre boundary is located just to the north/ east running along South Street. Therefore, from this brief assessment the site could be considered to be an ‘edge of centre’ site. Further information is available upon request.
EPC
Band B. Please see the legal pack for further information.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Basement Ground First Second
Office
1,542.00
(16,602)
VACANT POSSESSION
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.