Single storey attached building prominently located on Main Street in New Elgin currently laid out as a pub with main bar servery, lounge bar seating areas, raised timber dance floor/pool table area, cellar, storage and toilets. Additional external timber deck area plus onsite car parking to front of building. Qualifies for 100% rates relief: Suitable for various uses, STP.
Location
Elgin is the administrative and commercial centre of Moray district and is an affluent market town with a resident population of circa 21,000 and a primary catchment of approximately 90,000 within a 10 mile radius. Located on the Moray Firth, approximately 40 miles east of Inverness and 65 miles north west of Aberdeen, the town benefits from good road (A96) and rail communications connecting to the respective national networks. The subject property occupies a prominent location on the west side of Main Street south of its junction with Smith Street within New Elgin. Main Street forms part of the A941 which is a busy thoroughfare with a high volume of traffic passing the subject property.
Accommodation
EXTENDS TO 191 M² (2,057 FT²)
Terms
PLANNING The property has formerly traded as a public house and this use could continue. However, subject to planning, it could lend itself to other uses including restaurant or hot food takeway.
RATEABLE VALUE The current Rateable Value is £7,000 which is due to decrease in April 2023 to £6,500. The property qualifies for 100% rates relief in terms of the Small Business Bonus Scheme.
LEASE TERMS The property is available To Let on new full repairing and insuring terms for a period to be agreed at a rental of £16,000 per annum, exclusive of VAT.
EPC EPC Rating: “G”. The EPC Certificate and the Recommendations Report are available on request.
LEGAL COSTS & VAT In the normal manner, the incoming tenant or purchaser will be responsible for their own legal costs, LBTT, Registration Dues and VAT thereon. All figures are quoted exclusive of VAT, which will apply to any transaction.
Specification
- GROUND FLOOR LOUNGE BAR
- CAR PARKING TO FRONT
- EXTENDS TO 191 M² (2,057 FT²)
- QUALIFIES FOR 100% RATES RELIEF
- SUITABLE FOR VARIOUS USES
- RENT £16,000 PER ANNUM