Summary

• HIGH YIELDING MULTI-LET OFFICE INVESTMENT
  
• ESTABLISHED BUSINESS CENTRE
  
• DIVERSE TENANT MIX
  
• 100% LET
  
• ASSET MANAGEMENT OPPORTUNITY
  
• PASSING RENT: £52,680 PER ANNUM
  
• PRICE: £450,000 REFLECTING A NIY OF 11.25%

Location

The property is located within the town of Elgin which stands around 65 miles to the north of Aberdeen and around 38 miles to the east of Inverness.

More particularly, the property is located on the north side of Main Road a short distance to the west of Elgin town centre. The surrounding area is predominantly residential in nature although with a large office building located to the immediate west of the property. Vehicular access is provided to the rear of the property from South Street.

Description

The property comprises a detached three storey traditional building which is currently in use as a small business centre.

The walls of the building have been constructed from solid stonework which is mainly roughcast externally under the exception of the front elevation which has been pointed. The roof sections over are timber framed, pitched and clad with slate incorporating a central flat section that appears to be laid in mineral felt.

Internally the accommodation is laid out in a cellular format over the three main floors of the building, comprising a lower ground, upper ground and top floor.

A generous dedicated car park for 10 cars is provided to the rear of the property providing a ratio of approximately 1:300 sq ft.