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Residential Development In Elgin For Sale

Elgin, Moray, UK
Asking Price:
£75,000
Turnover:
Undisclosed
Net Profit:
Undisclosed
  • Offers Over £75,000
  • Elgin High Street town centre location
  • Former restaurant stripped back to a bare shell
  • Approximately 451.7 sq m over three levels
  • Exposed stonework, floor joists and roof timbers
  • Indicative scope for up to five flats or up to ten serviced accommodation units
  • Scottish equivalent of freehold

This is a former restaurant at the western end of the High Street in Elgin, close to town centre shops, cafés and restaurants. The property has been stripped back to bare walls, giving a purchaser scope to design a new internal layout within the existing building.

Ground floor access extends to approximately 12.0 sq m. The principal former restaurant space occupies the first floor, which extends to approximately 356.0 sq m, with a further 83.7 sq m on the second floor. The supplied floor plans show an approximate total of 451.7 sq m.

Initial discussions with architects suggest the property could accommodate up to five flats or up to ten serviced accommodation units as alternative schemes. The number and configuration of units will depend on the design and layout. Both potential uses have been discussed with the council.

The property is offered on the Scottish equivalent of freehold at Offers Over £75,000. The VAT position is to be confirmed.

Property Information

Property:

Freehold