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Thunderton Place, Elgin, Moray, IV30

Offers in Excess of
£1,250,000

£51.98 per sq ft

Business rates & charges may apply

TSA Property Consultants Ltd, Glasgow
SIZE AVAILABLE

24,048 sq ft

2,234 sq m

SECTOR

Retail property shopping centre for sale

USE CLASSUse class orders: A1 Shops

A1

Description

Prime Town Centre Location
Ground Floor
Well Presented
Rear Loading
Held On F.R.I Lease To TK Maxx
Expiry: 2029
24,048sq ft
Passing Rent: £150,000p.a.x.
Sale: o/o £1,350,000


Location

The property is prominently positioned on Thunderton Place accessed directly via a pedestrianised lane from Elgin High Street. There is a multi-story car park positioned above the property which generates high levels of footfall to the High Street. The immediate area is predominantly retail however there is an affluent residential area to the south.

Elgin, the administrative and commercial centre of Moray district, is an affluent market town with a resident population of some 21,000 and a primary catchment of approximately 90,000 within a 10 mile radius.

Located on the Moray Firth, approximately 40 miles east of Inverness and 65 miles north west of Aberdeen, the town benefits from good road (A96) and rail communications connecting to the respective national networks.

The property forms part of the prime retail pitch which includes the High Street and the St Giles Centre.


Property

The property is a large retail property which has been sub- divided to form two large retail units with communal lobby. Both units benefit from return frontage on to Thunderton Place. There is ancillary offices and storage space on ground levels. There is a generous loading area to the rear with access from Thunderton Place and Batchen Lane which links into each respective unit.

There is a large multi-story car park above the property (out with the demise) which has direct lift access to the communal lobby. This generates high footfall through the property to and from the High Street.

The property is presented in line with the tenants spec, with concrete flooring, suspended lighting and large open plan layout.

Area

The property has been calculated to extend to the following internal area

Ground: 2,234.13sqm (24,048sq ft)

NAV/RV

£130,000

Lease Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: TJX UK t/a TK Maxx
Expiry: 30/08/2029
Passing Rent: £150,000p.a.x
Further Info: For the year end 28th January 2023, TJX UK reported a turnover of £3,887,200,000 a pre-tax profit of £172,400,000 shareholder's funds of £679,000,000 and a net worth of £679,000,000 (Source:Experian 27.03.2024).

Sale

The property is available on a freehold basis for o/o £1,350,000

V.A.T

The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)

E.P.C.

Available on request

Lease & Title

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.

Brochures

Thunderton Place, Elgin, Moray, IV30

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Elgin Station0.4 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 1ATDPLELGTKMINV. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by TSA Property Consultants Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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