Prime Town Centre Development Opportunity

This substantial commercial development opportunity occupies a prime position in the heart of Elgin’s High Street. The property extends to approximately 710 sq. metres over ground floor and three upper floors. Previously occupied by M & Co, the property is now offered with vacant possession. The ground floor (circa 480 sq. metres) provides extensive retail space, with the upper floors formerly utilised for office and storage purposes. A variety of potential conversion options – residential, commercial or combination of both - could be considered subject, of course, to all required permissions. The competitive guide price is sure to attract strong levels of developer interest and, as such, early expression of interest is recommended. ** Note to Purchasers: The property currently forms part of a larger title, which will be separated by the vendor upon sale. As a result, an EPC and Rateable Value are not presently available **

Tenure

Freehold

Area

Elgin is a historic royal burgh and market town in Moray, north east Scotland, between Inverness (36 miles to the east) and Aberdeen (64 miles to the west). The town has enjoyed a period of regeneration in recent years, and the property is within close proximity of a number of local and national retailers and leisure options, and Elgin is also home to Moray College UHI. Excellent transport links are offered via the A96 road and rail links.

Local Authority

Moray Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.