• Retail unit, with potential for other uses, extending to around 458.5m2, set within a central location in thriving city of Elgin.
• Prominent trading location within a pedestrian area situated amongst 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.
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DESCRIPTION
Unit 132 High Street, Elgin is a Category B Listed building in the heart of the ever-popular and charming market town of Elgin. 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. The property is in generally good condition throughout but can be adapted to suit the needs and business operation of the new tenants. The indicative net internal areas of the building are detailed below;
Floor Area (m²)
Ground Floor – 94.2
First Floor – 137.5
Second Floor – 157.4
Basement – 69.4
Total (estimated) – 458.5
The landlords would be prepared to consider any proposal which might include the lease of any individual aspect of the building.
PLANS
Layout plans of the property are available from the selling agents by contacting admin@asgcommercial.co.uk.
TRADE
The property is currently non-trading and is offered with vacant possession.
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 are devoid of 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. It would be suitable for a range of purposes. There is a goods lift to all floors but new tenants will be required to service and bring back into use if required.
SERVICES
The property benefits from mains electricity, water, gas and drainage.
LEASE
Rent: £27,000 p.a. rent (The rent quoted in exclusive of VAT which may be applicable).
The subjects are held on full repairing and insuring terms. Other aspects of the lease are open to negotiation.
