Property for sale in 77, 79 & 83 High Street, Elgin, Morayshire IV30

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.

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