Property photos
Auction
Freehold
Guide price
£350,000
Property for sale
77, 79 & 83 High Street, Elgin, Morayshire IV30Key Information
Local area information
Property location
Nearby amenities
- St Sylvester's RC Primary School 0.2 miles
- West End Primary School 0.3 miles
- Elgin 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Exciting commercial/residential development opportunity
- Existing commercial rental income
- Planning approved (lapsed) for 3 x 2 residential units
- Strong added value potential
- Visit the Auction House Scotland website to download the Home Report and Legal Pack
Commercial development opportunity
New to auction is this exciting commercial/development opportunity, centrally located within a conservation area in the Moray market town of Elgin. Comprising three commercial units on the ground floor level (High Street, Elgin) formed as two shops, with ancillary accommodation on first and second floors. One of the units (77 High Street - approx 297 sq. M – rv £16,000) is currently let to a nail salon producing an attractive rental income of £12,000 per annum, whilst 79-83 High Street (approx 957 sq.m – rv £46,500) is vacant. The opportunity also includes a ground floor former antiques centre fronting Lossie Wynd, with the upper floor of 4 and 5 Lossie Wynd with planning approved (Moray Council Ref. 18/00557/app - lapsed) for conversion to 3 x 2 bed apartments. The existing rental income, allied with the potential added value through rental of the vacant unit along with the residential development works, is sure to attract good levels of interest from a variety of buyer types. Early expression of interest is essential.
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.
Purchaser notes
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Auction House Scotland are registered with hmrc and carry out due diligence on all of our clients, please ask for more information on identification required prior to entering into a contract.
Cybercrime Warning
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. Please note that our bank account details will not change during the course of A transaction and we will not change our bank details via email. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
New to auction is this exciting commercial/development opportunity, centrally located within a conservation area in the Moray market town of Elgin. Comprising three commercial units on the ground floor level (High Street, Elgin) formed as two shops, with ancillary accommodation on first and second floors. One of the units (77 High Street - approx 297 sq. M – rv £16,000) is currently let to a nail salon producing an attractive rental income of £12,000 per annum, whilst 79-83 High Street (approx 957 sq.m – rv £46,500) is vacant. The opportunity also includes a ground floor former antiques centre fronting Lossie Wynd, with the upper floor of 4 and 5 Lossie Wynd with planning approved (Moray Council Ref. 18/00557/app - lapsed) for conversion to 3 x 2 bed apartments. The existing rental income, allied with the potential added value through rental of the vacant unit along with the residential development works, is sure to attract good levels of interest from a variety of buyer types. Early expression of interest is essential.
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.
Purchaser notes
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Auction House Scotland are registered with hmrc and carry out due diligence on all of our clients, please ask for more information on identification required prior to entering into a contract.
Cybercrime Warning
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. Please note that our bank account details will not change during the course of A transaction and we will not change our bank details via email. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
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Listed by
Auction House Scotland
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Property descriptions and related information displayed on this page are marketing materials provided by - Auction House Scotland. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House Scotland for full details and further information.