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26 Hay St 3,762 sq ft 100% Let Office Property Elgin IV30 1NQ £315,000 (£83.73/sq ft)



Investment Highlights
- Centrally located in Elgin
- Close proximity to Elgin station
Executive Summary
The property is currently part owner-occupied and part let to three tenants, all on all-inclusive flexible agreements. The current income generated from the let areas equates to £25,800 per annum, exclusive of VAT. The existing tenancies could remain in place and the vendor, who is in part occupation, would consider leasing space within the building, which would further increase the rental income. Alternatively, by giving up to four months’ notice to terminate the existing tenancy agreements, a purchaser could secure vacant
possession of the building, if required.
possession of the building, if required.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
3,762 sq ft
Costar Property Class
B
Year Built
1890
Price
£315,000
Price per sq ft
£83.73
Occupancy Rate
100%
Number of Floors
3
Typical Floor Size
1,254 sq ft
Plot ratio
1.88
Total Plot Size
0.05 ac
Amenities
- 24 Hour Access
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Presented by
Shepherd Chartered Surveyors
26 Hay St
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