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1&2 Thunderton Place

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IV30 1LY Elgin
Ref: 10619

  • 31,805.00 ft² (2,954.78 m²)
  • 2,336,000
  • 9.50 Initial Yield

Description

Description

• High Yielding High Street Retail Investment Opportunity - 1&2 Thunderton Place, Elgin

Investment Summary

•Elgin is the administrative and commercial centre for Moray and lies roughly midway between Inverness and Aberdeen;

•The property is situated in Elgin town centre, in an established retail location just off the High Street on Thunderton Place;

•The property comprises two large town centre retail units extending to a gross internal area of 31,805 sq ft (2,954.7 sq m);

•Currently fully let to TK Maxx and Poundstretcher with a WAULT of 5.56 years;

•Current total passing rent of £235,000 per annum;

•Low passing rent of £6.24 per sq ft on TK Maxx;

•Heritable tenure (Scottish equivalent of English Freehold).

Offers in excess of £2,336,000 are sought for our client's heritable interest in the property, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 9.50% assuming purchaser's costs at 5.88%.

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Energy Rating

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Contact

Contact
Janey Douglas
Simon Cusiter
  Details

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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