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Enhanced Terms of Sale

  • Reduced Buyers Fee (?) 1% of Sale Price (Minimum of £2000 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

2,057sq ft Licensed Public House. Private Parking. Roadside Location. Restaurant / Leisure / Alternate Use Potential. Estimated Rental Value = £17,000pa

The property has a rateable value of £6,500 which currently qualifies for rates exemption under the small business bonus scheme.

The property extends to 191.12sqm (2,057sq ft). The property currently offers open plan customer seating area with centrally located servery and elevated lounge.

The property is situated on the west side of Main Street, south of its junction with Smith Street in the town of Elgin.

The property is well presented with perimeter fixed booth seating along with carpeted and laminated timber flooring. The property benefits from an external seating area.

The property comprises a stand alone single storey development surmounted by a flat roof, recessed from the roadside to permit parking to the front. The property currently offers open plan customer seating area with centrally located servery and elevated lounge. Partitions are erected to the rear to form male and female w.c facilities, along with office, kitchen and chiller room.The property is well presented with perimeter fixed booth seating along with carpeted and laminated timber flooring. The property benefits from an external seating area. The property extends to 191.12sqm (2,057sq ft) The property has a rateable value of £6,500 which currently qualifies for rates exemption under the small business bonus scheme.

The property is situated on the west side of Main Street, south of its junction with Smith Street in the town of Elgin. Elgin, the administrative and commercial centre of Moray district, is an affluent market town with a resident population of some 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 town lies in the heart of the world famous Speyside Whisky country and together with ready access to the Cairngorm National Park and Malt Whisky Trail 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.

Full Address:  Caberfeidh Bar, Main Street, New Elgin, Elgin, IV30 6BH

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Pricing Information & Bidding

Opening Bid: £107,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1% of Sale Price (Minimum £2,000 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Buy Now Price = £125,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £125,000 - CLICK HERE

Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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