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Office Development For Sale , 12 Institution Road, Elgin, IV30 1QX

3,141 Sq Ft / Offices / Land/Development

For Sale - £189,500.00

Available - Last updated: 28 February 2025

The subjects comprise the ground and basement floors within a wider two storey and basement building. The upper first floor of the building is in residential use and is in separate ownership. The property has shared external grounds. The main building is of traditional pointed stonework construction under a multi-pitched slate clad roof. The subjects have two single storey extensions at the front elevation which are of masonry construction under flat roofs. Internally, the subjects have a mixture of timber and solid flooring overlaid in a mixture of vinyl and carpet floor coverings and a mainly plasterboard lined walls and ceilings.

Natural daylight is provided by a mixture of single glazed sash and case windows and uPVC double glazed windows. Some windows have secondary glazing. The kitchen is equipped with floor units which incorporate a stainless steel sink. The accommodation provides a large open reception area, a mixture of open plan and cellular offices, kitchen, staff room, WCs and storage. A staircase accessed off the kitchen leads down to the basement area which provides basic storage space and a server room.

The subjects occupy a reasonably level and regularly shaped site which extends in total to approximately 0.6 acres (0.24 hectares) or thereby including the footprints of the buildings. We understand the grounds are shared between the subjects and the residential flats above. The subjects have a single car garage within a terrace of 3 which is of blockwork construction rendered externally with a mono pitched profile metal sheet clad roof

Location

Elgin is situated approximately 66 miles northwest of Aberdeen and 39 miles southeast of Inverness. Within the Moray Council area, Elgin is the main administrative, business and service centre with Forres, Buckie, Lossiemouth and Keith being classified as secondary settlements. The town is accessed by the A96 trunk road which runs between Aberdeen and Inverness. There is also a railway line between those two cities.

Elgin has a population of approximately 23,128 (2011 Census) and is the regional town for Moray, with a primary catchment of approximately 90,000 within a 10-mile radius. As the administrative centre of Moray, Elgin houses the HQ offices of Moray Council. Elgin is also the regional retailing centre and an important centre for education, tourism, agricultural industries, the general service sector, healthcare, food & drink and the textile and distilling industries. The town lies in the heart of the world-famous Speyside Whisky country and together with ready access to the Cairngorm National Park and the Malt Whisky Trail this ensures Elgin is a popular tourist destination.

RAF Lossiemouth, one of the RAF’s largest bases, is also located nearby and contributes significantly to the local economy. It is Scotland’s only operational RAF base which has recently benefitted from £400m of investment. The MoD is a major employer and spends more than £2bn a year in Scotland. The RAF Kinloss barracks is also located approximately 11 miles from Elgin.

Accommodation

Ground 237.24 sq m (54.58 sq ft )

Basement  291.83 sq m ( 2,554 sq ft )

Total   588 sq m (3,141 sq ft )

Terms

EPC The property has an EPC Rating of “tbc”. The EPC Certificate and Recommendations Report are available on request.

PLANNING The property was formerly operated as offices within Class 4 (Business) use in terms of the Town and Country Planning (Use Classes) (Scotland) Order 1997. This use could continue or there may be scope for conversion to residential or other uses, subject to securing the appropriate planning use consent.

RATEABLE VALUE The property is listed in the current Valuation Roll with an NAV/RV of £25,750.

LEGAL COSTS The property is available “For Sale” with the benefit of vacant possession. A sale price of £189,500, exclusive of VAT is sought in respect of our client’s heritable interest (Scottish Equivalent of English Freehold) in the property. The property is elected for the purposes of VAT.

VAT will therefore apply to any sale.

Each Party will be responsible for their own legal costs.

Specification

  • Offices with Potential for Alternative Usage, including Conversion to Residential, (Subject to Planning)
  • Part of Attractive Traditional Category “B” Listed Ornate Stone & Slate Building
  • On-Site Car Parking
  • Shared Garden Grounds and Dedicated Single Car Garage

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £189,500.00 NA

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Linda Cameron

Shepherd Commercial

01463 800145

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