Commerce House South Street Elgin Moray IV30 1JE

  • Commerce House<br>South Street<br>Elgin<br>Moray<br>IV30 1JE

Commerce House
South Street
Elgin
Moray
IV30 1JE

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
  • Auction Venue
    Live Streamed Auction
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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.

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
19 Sandyford Place
Glasgow
G3 7NQ
Michael Jackson 0141 221 5575michael@frederickandco.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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