The property comprises a retail unit over ground and first floors set with a mid-terraced building of masonry construction under a pitched slate clad roof incorporating a block crow-stepped gable. The building also comprises attractive block detailing around 2 arched design shop front windows. There is a uPVC glazed pedestrian door leading to the main ground floor sales area. Internally at ground floor level the property is currently configured to provide an open plan sales area with a sales counter and a small storage area. There is a staircase leading to the first floor which provides a further open plan sales area, a staff toilet and staff tea prep area. The sales areas are fitted with a mix of ceiling mounted fluorescent strip lights and LED spotlighting. Heating is provided by wall mounted electric panel heaters.
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 Floor 45.45 sq m ( 489 sq ft )
First Floor 40.47 sqm (436 sq ft )
TOTAL 85.92 sq m ( 925 sqft )
Terms
The property has Class 1A (Shops, Financial, Professional and Other Services) planning use consent in terms of the Town and Country Planning (Use Classes) (Scotland) Order 1997. Other uses may be permissible subject to securing the appropriate planning use consent. Please discuss any proposals with the marketing agents.
RATEABLE VALUE The property is currently listed on the Scottish Assessor’s portal with a NAV/RV of: £10,500. The property qualifies for 100% rates relief in terms of the Small Business Bonus Scheme.
EPC Details area available on request.
LEASE TERMS The property is available “To Let” on Full Repairing and Insuring lease terms for a period to be agreed at a rent of £12,000 per annum, exclusive of VAT.
SALE TERMS Our client may consider a sale of their Heritable Interest (Scottish Equivalent of English Freehold) in the property. Sale Price on Application.
ENTRY VAT The property is currently occupied but is available for early entry, subject to conclusion of Missives. The property is elected for the purposes of VAT. VAT will apply to any transaction.
LEGAL COSTS Each Party will be responsible for their own legal costs incurred in any transaction. The ingoing tenant or purchaser will be responsible for LBTT, Registration Dues and VAT thereon.
Specification
- Ground & First Floor Unit
- Excellent Location within Elgin Town Centre
- Extends to 85.92 m² (925 ft²)
- Qualifies for 100% Rates Relief in terms of the Small Business Bonus Scheme
- May Suit Various Uses (Subject to Planning)
- Rent: £12,000 Per Annum
- Sale Price On Application
- Early Entry Available