To Let Commercial
High Street, Elgin Per Annum £15,000 pa
Property Features
High Street, Elgin, Morayshire, IV30 1BW
Contact Agent
Elgin24 Batchen Street
Elgin
Moray
IV30 1BH
Tel: 01343 564123
enquiries@abands.uk.com
About the Property
Extensive Category “B” Listed Property with potential for other uses, extending to around 458.5m2, set within a central location in the city of Elgin, Moray’s County Town.
Prominent trading location within the pedestrian area situated among other national branded and local retail, café and service businesses.
Flexible lease options available for tenants wishing to only lease one or more floors, or part of the building.
Victorian building with a 7.5 metre frontage, 2 large display windows plus high-profile signage / branding potential.
A substantial retail / business development opportunity with vacant occupation; ideal for a start-up business operation.
- Extensive Category "B" Listed Property
- Prominent trading location
- Extending to around 458.5m2,
- Accommodation over 3 floors
Property Details
Description
This substantial and flexible trading entity has accommodation comprising of 3 floors plus a basement level offering a variety of trading uses. The ground floor has a retail area of circa 94.3m2 with either office or storage space on the other 2 floors plus extensive storage space in the basement.
Floor Areas
Floor Area (m²)
Ground Floor - 94.2
First Floor - 137.5
Second Floor - 157.4
Basement - 69.4
Total (estimated) - 458.5
Location
The subjects are situated on the High Street in the main pedestrian area in the centre of Elgin surrounded by a range of well know high street brands. Elgin city centre contains a good mix of mainly ground floor retail usage with residential or commercial usage on the upper floors. A range of high street shops, small retailers, cafes, restaurants and leisure facilities are on offer in the vicinity. The property is also in close proximity to the new Moray Council HQ buildings. Much has been done in recent years to regenerate the town while the High Street retains many of its original buildings and cobbled streets. The property is also located within a Conservation Area.
Elgin is a lively and charming market town and is the administrative and commercial capital of Moray with a population of around 21,000. It is situated approx 36miles east of Inverness and 64 miles west of Aberdeen with good transport links via the A96 trunk route and rail links to Inverness and Aberdeen and their respective airports. Elgin is also home to Moray College UHI which provides a range of courses for around 10,000 students.
The Property
Access to the building is gained via the main door leading directly off the High Street; there is a fire escape to the rear. The property comprises a double windowed retail unit arranged over basement, ground, first and second floors, within a traditional stone-built building, under a pitched and slated roof.
Internally, the subjects have some usable fixtures and fitting and any new tenant will be able to brand and merchandise as they see fit within the limitations of the lease.
The building presents many opportunities and would suit a variety of uses but new operators would be responsible for obtaining any necessary change of use consents.
The ground floor is mainly set for retail with a large shop window overlooking the high street. There is a small office, toilet and store area to the rear. Stairs lead to the upper floors which are configured to form a variety of offices, staff rooms and store areas making it suitable for a range of purposes.
There is a goods lift to all floors which requires servicing and brought back to a usable condition - if required.
Services
The property benefits from mains electricity, water, gas and drainage.
Lease Terms
The subjects are held on full repairing and insuring terms. Other aspects of the lease are open to negotiation.
Energy Rating
The Energy Rating of the property is E.
Legal Costs
Each party will be wholly responsible for their own legal costs.
Rates
The revaluation Rateable value effective from 1st April, 2023 is £15,250.
The rateable value as at April 2017 was £26,750.
