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7 Mayne Rd
Elgin IV30 1NY

Prospect Lodge · Office Property For Sale

Office Space Moray Elgin 7 Mayne Rd, Elgin, MRY IV30 1NY

Investment Highlights

  • Established business centre
  • Vehicular access
  • Located within the town of Elgin

Executive Summary

High yielding multi let office investment. £450,000 for =interest in the property, reflecting a Net Initial Yield of 11.25%
The property is currently operated as a business center and at the date publication is 100% let to a total of eight tenants.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,019 SF
Building Class
B
Year Built
1827
Price
$813,145 CAD
Price Per SF
$269 CAD
Cap Rate
11.25%
NOI
$91,479 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,006 SF
Building FAR
0.90
Land Acres
0.08 AC
Parking
10 Spaces (3.31 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Kitchen
  • DDA Compliant
  • Demised WC facilities

Links

 

  • Listing ID: 31445744

  • Date on Market: 2024-04-08

  • Last Updated:

  • Address: 7 Mayne Rd, Elgin IV30 1NY

The Office Property at 7 Mayne Rd, Elgin, IV30 1NY is currently available For Sale. Contact DM HALL for more information.

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