Property Details
Pugh Auctions
Lot 056
Lot 056
Auction: October Auction 2015

19a And 19b Batchen Street, Elgin, Moray, Scotland, IV30 1BH

Property Placeholder
Withdrawn
Property Details
Location

Located in the historic town of Elgin which is approximately 40 miles north east of Inverness and 65 miles north west of Aberdeen in Moray. The property is located on Batchen Street in the centre of Elgin. Batchen Street is a secondary retail pitch which is accessed directly from the main retail offering on the High Street.

Description

Two storey mid terrace comprising a vacant retail unit to the ground floor, with a beauty shop trading to the first floor.

Accommodation

The following details have been taken from the Scottish Assessors Association website: 19A Batchen Street Ground Floor: 75 sq m (807 sq ft) 19B Batchen Street First Floor: 77 sq m (829 sq ft) Total: 152 sq m (1,636 sq ft)

Approx Site Area

Approximately 108 sq m (129 sq yds).

Tenure

Freehold.

Tenancy

19A Batchen Street is let on a 10 year lease from the 3rd September 2015 at a rent stepping up to ú13,000 per annum with a mutual break option on 3rd September 2017 and 2020. 19B Batchen Street is let on a 12 year Lease from the 7th August 2006 at a rent of ú7,800 per annum.

VAT

VAT is payable on the purchase price unless the necessary conditions are satisfied for the sale to be treated as a TOGC.

Addendum

19A Batchen Street is let on a 10 year lease from the 3rd September 2015 at a rent stepping up to ú13,000 per annum in year 5 with a mutual break option on 3rd September 2017 and 2020. The combined rent is therefore ú15,600 per annum (rising to ú20,800 in 2020). VAT is payable on the purchase price unless the necessary conditions are satisfied for the sale to be treated as a TOGC.

Property Location Address:
19a And 19b Batchen Street,
Elgin,
Moray,
Scotland,
IV30 1BH
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Auction Details
Auction: October Auction 2015 Date: 22nd October 2015 Lot Number: 056 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
Manchester City Football Club,
Manchester,
M11 3FF

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