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Commercial property for sale

The Old Station, Maisondieu Road, Elgin, Moray, IV30

Offers in Excess of
£795,000

£66.25 per sq ft

Business rates & charges may apply

Archway Studios, London
SIZE AVAILABLE

12,000 sq ft

1,115 sq m

SECTOR

Commercial property for sale

USE CLASSUse class orders: Class E

E

Key features

  • Beautiful Listed Former Train Station
  • Currently arranged as 19 self-contained office suites
  • Net Internal Area of 8,423 sq ft (782.6 sq m)
  • Gross Internal Area of over 12,000 sq ft (1,115 sq m)
  • Large Car Park for around 60 vehicles
  • Current gross income of over £75,000 p.a. from six units
  • Highly reversionary with Rental Value in excess of £150,000 p.a. once fully let
  • Site Area of approximately 1.3 acres (0.53 hectares)

Description

This stunning property was built in 1852 as the original Elgin Railway Station and still retains many of its original features. The building offers considerable asset repositioning potential with a range of alternative uses, or immediate value-add opportunities to improve the income.

The Heritable, Multi-Let Business Centre currently produces a gross income of over £75,000 p.a. from six units, including Enterprise Rent-A-Car, on 12-month licence agreements. A further 13 units have recently come available for rental.

The Centre is currently arranged as 19 self-contained office suites arranged over ground and first floors extending to over 8,000 sq ft Net Internal Area and over 12,000 sq ft Gross Internal Area. The building additionally benefits from a large car park offering space for around 60 cars. The site extends to approximately 1.3 acres (0.529 hectares).

The building is strategically located on the south side of Elgin Town Centre at the major junction of the A96 and A941, being the main vehicular route connecting Inverness with Perth and Aberdeen.

Elgin Train Station is three minutes walk away providing frequent, regular services to Inverness and Aberdeen. Nearby occupiers include Lidl and Asda supermarkets, with Springfield Retail Park within half a mile.

Elgin is a historic town and the administrative centre of Moray, set on the River Lossie between Inverness and Aberdeen. Located in the heart of Speyside in north-east Scotland, the town is home to the Glen Moray Distillery and forms a gateway to the world famous Malt Whiskey Trail.

Available by way of Asset Sale or Sale of the share capital of the UK registered SPV

The Old Station, Maisondieu Road, Elgin, Moray, IV30

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Elgin Station0.1 miles

About Archway Studios, London

Bickerton House, 25/27 Bickerton Road, London, N19 5JT

Archway Studios is a local firm based in Dartmouth Park and has been managing flexible workspace in the area for over 30 years. A family-run, independent company which prides itself on providing clean, simple and great value offices and workshops to local people and businesses. Our traditional family values underpin everything we do.

www.archwaystudios.co.uk

Notes

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