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Description
IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted Elgin town centre commercial property let with passing rent of £12,000 per annum. Highly secure tenant in place since 2010.
CLASS 3 HOT FOOD CONSENT IN SUPER TRADING POSITION ON ELGINS North Street Bishophmill. Super trading position, settled occupier trading extremely well. Established business with excellent reputation.
Perfect commercial investment with strong local tenant in North Street Bishipmill. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by.
HIGHLY PROMINENT FRONTAGE ONTO STREET. Comprises Service area to front, Storage with Fridges, rear kitchen, W/C further storage. Property benefits from a rateable value of £5,400 per annum. 65.20m2
Property is situated on a busy street, benefiting from large footfall traffic provided by the surrounding residential area ***PRIME COMMERCIAL LOCATION***
IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted Elgin town centre commercial property let with passing rent of £12,000 per annum. Highly secure tenant in place since 2010. CLASS 3 HOT FOOD CONSENT IN SUPER TRADING POSITION ON ELGINS North Street Bishophmill. Super trading position, settled occupier trading extremely well. Established business with excellent reputation. Perfect commercial investment with strong local tenant in North Street Bishipmill. Nearby occupiers include Ladbrokes, British Heart Foundation and Specsavers. Free parking close by. HIGHLY PROMINENT FRONTAGE ONTO STREET. Comprises Service area to front, Storage with Fridges, rear kitchen, W/C further storage. Property benefits from a rateable value of £5,400 per annum. 65.20m2 Property is situated on a busy street, benefiting from large footfall traffic provided by the surrounding residential area ***PRIME COMMERCIAL LOCATION***
Tenancy Details
Type of Agreement: Private Residential Tenancy (PRT)Length: Rollng
Rent: £12,000 per year / £1,000 per month
Yield: 19% (approx)
Tenant: Private Individual
Notes:
Maps & Location
Map Street View SatelliteThe immediate area is predominantly surrounded by an affluent residential area. 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.
Document Downloads
Pricing Information & Bidding
Opening Bid: £64,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
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General Terms & Conditions of Sale
Lot Specific Terms - 9North Street Bishopmill, HOT FOOD TENANTED INVESTMENT, Elgin