9A Moss St
Elgin IV30 1LU

The property is let to Elgin Restaurant Limited until 4th January 2035 on FRI lease terms at a current rental of £20,582 per annum. The lease is subject to 3-yearly rent reviews with the next review falling due on 5th January 2024. The Heritable Investment is “For Sale” with the benefit of the existing lease with offers over £275,000, exclusive of VAT sought. After deduction of standard purchaser’s costs, this price reflects an attractive Net Initial Yield of 7.29% and a Reversionary Yield of 8.86% based on an estimated rental value of £25,000 per annum.
Internally the accommodation is arranged over ground and first floor levels. The floors are a mix of suspended timber and solid concrete construction. Windows throughout are a mix timber casement and uPVC double glazed design. The subjects have an electric heating system. The ground floor provides an entrance vestibule with access to toilets and a staircase to the first-floor level. There is a large open plan dining area with formal bar, dry goods/drinks storage and a kitchen with food prep and utility areas. The first floor provides a large open plan space which has been partially compartmentalised to create a number of storage rooms and staff areas.