Majority let to Mackays Stores Limited (sublet to Poundworld Retail Limited)
Comprises three retail units (arranged as two shops) and former antiques centre
Pedestrianised town centre location close to The St Giles Centre
Nearby occupiers include Holland & Barrett, Boots the Chemist, Starbucks, WH Smith, Costa,
Vodafone and Specsavers
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 67
Auction 30th March 2017
Rent £75,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
40 miles east of Inverness, 65 miles north-west of Aberdeen
Roads
A96, A941
Rail
Elgin Railway Station
Air
Inverness Airport
Situation
Elgin is the principal town and administrative centre of Moray, benefiting from a large catchment area and a significant tourist draw due to the popular whisky distilleries
located nearby. The property is situated in a prominent corner position on the pedestrianised High Street which, along with the St Giles Shopping Centre, forms the main
retailing focus of the town. Nearby occupiers include Holland & Barrett, Boots the Chemist, Starbucks, WH Smith, Costa, Vodafone and Specsavers.
Tenure
Heritable. (Scottish Equivalent of English Freehold) .
Location
Miles
40 miles east of Inverness, 65 miles north-west of Aberdeen
Roads
A96, A941
Rail
Elgin Railway Station
Air
Inverness Airport
Situation
Elgin is the principal town and administrative centre of Moray, benefiting from a large catchment area and a significant tourist draw due to the popular whisky distilleries
located nearby. The property is situated in a prominent corner position on the pedestrianised High Street which, along with the St Giles Shopping Centre, forms the main
retailing focus of the town. Nearby occupiers include Holland & Barrett, Boots the Chemist, Starbucks, WH Smith, Costa, Vodafone and Specsavers.
Tenure
Heritable. (Scottish Equivalent of English Freehold) .
Description
The property comprises three adjoining ground floor retail units arranged as two shops with ancillary accommodation on the first and second floors. Additionally, the property
comprises a former ground floor antiques centre fronting Lossie Wynd.
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 three adjoining ground floor retail units arranged as two shops with ancillary accommodation on the first and second floors. Additionally, the property
comprises a former ground floor antiques centre fronting Lossie Wynd.
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
79-83 High Street
Ground First Second
Retail/Ancillary Ancillary Ancillary
580.35 sq m 118.73 sq m Not measured
(6,247 sq ft) (1,278 sq ft)
MACKAYS STORES LIMITED (1) SUBLET TO POUNDWORLD RETAIL LIMITED
Approx 26 1/2 years from 18/03/1994
£75,000
27/08/2020
77 High Street
Ground First
Retail/Ancillary Ancillar
80.08 sq m 130.06 sq m
(862 sq ft) (1,400 sq ft)
VACANT
4 Lossie Wynd
Ground
Former Antiques Centre
108.51 sq m
(1,168 sq ft)
VACANT
Total
1,017.73 sq m
(10,955 sq ft)
£75,000
(1) Mackays was established over 50 years ago and has grown from a family business with 6 stores to almost 300 and employs over 3,900 staff throughout the UK (www.mandco.com).
