This is a traditional sandstone property with pitched slate roof, cast iron rainwater goods and timber single glazing. The floor construction is of concrete and suspended timber. There is electric heating, fluorescent tube lighting with an integral fire alarm/emergency lighting system. The floor finishes are mainly vinyl with some carpet coverings.
Original features include the staircase, balustrade and some cornicing.
The building is currently used for offices. There is historical evidence of dropped upper floors. In June 2015 a Structural Engineer’s Report investigating floor loadings was undertaken, advising it being considered adequate for office use. The Structural Engineer’s Report can be viewed by arrangement by contacting the Estates Team.
N.B. Where the property is being considered for purchase, it will be sold as one Lot only.
Potential uses; offices, retail or conversion to residential.
Location
Situated in a prominent location at the east end of Elgin High Street in the town centre.
Accommodation
Ground Floor – reception, office, toilets, photocopier room and kitchen. 29 sq m
1st Floor – open plan office and kitchen/treatment room. 48 sq m
2nd Floor – open plan office and meeting room. 49 sq m
Attic
The premises are calculated in accordance with the R.I.C.S. Property Measurement (2nd Edition) IPMS3 Offices.
Limited Use Areas - 24 sq m
Net Internal area (NIA) - 145 sq m
Terms
Services - The property is served by mains electricity, water and sewerage. Purchasers are required to satisfy themselves as to the condition and suitability of the property and all services.
Energy Performance Certificate - An Energy Performance Certificate (EPC) has been obtained for the premises which in May 2015 was rated “D”. A copy of the Certificate and Report of Recommendations are available upon request.
Planning - The property is currently being used for office accommodation and in addition to this is considered to have potential for use as retail or conversion to residential. Any proposal for an alternative property use would require change of use consent in terms of Planning and Building Standards legislation. Such consents must be obtained by the Applicant itself.
It should be noted that the above advice is purely for guidance and is entirely without prejudice to the consideration of any formal applications for Planning Consent or Building Warrant by Moray Council.
Rateable Value - This property has a current Rateable Value of £16,250.
Offers to Purchase - Offers over £85,000 are invited to purchase the property as one lot. Each party would be responsible for its own legal and professional fees and expenses. The purchaser would be responsible for any Land and Buildings Transaction Tax (LBTT).
Offers to Lease and Terms of Lease – Offers over £12,700 per annum are invited, on the following main terms:
- Lease period - from three years to 25 years on a Full Repairing & Insurance basis.
- Rent - will be reviewed on a 3-year cycle.
- Repairs/Maintenance – the Tenant to accept the property in its current condition and would maintain it in that condition.
- Buildings Insurance - The Council would arrange insurance for the duration of the property lease and recover the cost of that insurance from the tenant.
- Fees - The Council's reasonable legal expenses in any lease would be recovered from the Tenant.
- Land and Buildings Land Tax (LBTT) – Tenant’s responsibility.