Spar Convenience Store 27 Moriston Road Elgin Moray IV30 4EB

Spar Convenience Store
27 Moriston Road
Elgin
Moray
IV30 4EB

Heritable Convenience Store Investment

  • Let to Aberness Limited (t/a Spar Convenience Store) until September 2025 (no breaks)
  • Located 1 mile north of Elgin town centre
  • Detached unit on Morriston Road (B9012)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    87
  • Auction
    8th December 2016
  • Rent
    £13,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £122,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Convenience Store Investment

  • Let to Aberness Limited (t/a Spar Convenience Store) until September 2025 (no breaks)
  • Located 1 mile north of Elgin town centre
  • Detached unit on Morriston Road (B9012)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 87
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £122,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
40 miles east of Inverness, 68 miles north-west of Aberdeen
Roads
B9012, A941, A96
Rail
Elgin Station (50 minutes to Inverness)
Air
Inverness Airport
Situation

The property is situated in a predominantly residential area on the northern side of Morriston Road (B9012), approximately 1 mile north of Elgin town centre.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
40 miles east of Inverness, 68 miles north-west of Aberdeen
Roads
B9012, A941, A96
Rail
Elgin Station (50 minutes to Inverness)
Air
Inverness Airport
Situation

The property is situated in a predominantly residential area on the northern side of Morriston Road (B9012), approximately 1 mile north of Elgin town centre.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a detached retail unit currently trading as a convenience store and post office. There is street parking available directly outside the property.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a detached retail unit currently trading as a convenience store and post office. There is street parking available directly outside the property.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground Convenience
Store
145.98 sq m
(1,698 sq ft)
ABERNESS LIMITED (1)
(t/a SPAR Convenience
Store) (2)
25 years from
18/09/2000
£13,000 18/09/2017
(17/09/2025)
Totals  
145.98 sq m
(1,698 sq ft)
    £13,000  

(1) The property has been sublet and is trading as SPAR
(2) Started in 1932, SPAR is the world’s largest food retail chain with 12,322 stores in 34 countries. In the UK alone, SPAR operate over 2,400 stores with 50,000 staff (Source: www.spar.co.uk 09/11/2016).

Property Documents

  • Site Plan
    Updated Date
    16.11.16
    File Size
    48 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.11.16
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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