The subjects comprise a ground floor retail unit within a corner terraced property with frontage to both the High Street and Commerce Street. The building is of stone construction under a pitched slate roof. The ground floor is to be stripped of the former tenants fit out and will provide a shell unit for any prospective occupier/purchaser to fit out to suit their own requirements. The premises have a double front door as well as an alarmed internal secondary door. The retail area has a width of approximately 5.25 m (17ft 3ins) and a depth of 11.13m (36ft 6ins) or thereby.
Location
Elgin is the principal town of the Moray District and is located in the north east of Scotland approximately 39miles north east from Inverness and 65miles north
west of Aberdeen. The A96 connects it to both Aberdeen (south east), Inverness (west). The town is also connected to Aberdeen and Inverness via rail links. Elgin has a resident population of approximately 20,000 and a wider population within the region of 100,000. The town has a broad based economic economy which includes agricultural, tourism, construction and whisky manufacturing. The High Street of Elgin in addition with the nearby St Giles Shopping Centre represents the main retail thoroughfare within the town and houses a mixture of multiple and local retailers.
Accommodation
The subject extends to an approximate gross internal area as follows;
Ground Floor Retail - 53.5m2 (576ft2)
Total - 53.5m2 (576ft2)
The ITZA has been calculated at 53.5 sq m (576 sq ft) or thereby.
The foregoing area has been calculated in accordance with the RICS Code of Measuring Practice (Sixth Edition).
Terms
RATEABLE VALUE
The subject will be required to be reassessed for non domestic rating purposes.
RENTAL TERMS
We are seeking a rental of £15,000 per annum, plus VAT, subject to a full repairing and insuring lease. Incentives may be made available subject to lease length and tenant covenant.
PURCHASE TERMS
We are seeking offers over £100,000 Sterling for the Freehold premises over 62 High Street, Elgin. The ground and upper floor accommodation at 58 High Street can be purchased for offers over £175,000 Sterling. Further details regarding a purchase of the entire building can be obtained by contacting the joint marketing agents J & E shepherd Chartered Surveyors or Ditchfield Properties.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred. The incoming occupier will be liable for any Stamp Duty Land Tax, Registration Dues and VAT thereon.
VAT
All prices, rents and premiums are quoted exclusive of VAT, which will be added at the prevailing rate.
ENTRY
By mutual Agreement.
ENERGY PERFORMANCE CERTIFICATE
The property has an Energy Performance rating of F+
Specification
• Open plan ground floor retail premises
• Prominent corner position
• Ground Floor extends to 53.5 sq m (576 sq ft) or thereby