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For Sale£2,336,000.00

1&2 Thunderton Place, Elgin, IV30 1LY

Retail - High Street, Retail , 31805 Sq Ft
Property type: Retail - High Street, Retail
Tenure: For Sale Freehold
Size: 31805 Sq Ft
Price: £2,336,000.00
Location: 1&2 Thunderton Place, 1&2 Thunderton Place, Elgin, IV30 1LY

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

•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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