Summary - 12, BATCHEN STREET IV30 1BH
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime Batchen Street location in Elgin's commercial hub
- Fully repairing and insuring 10-year lease with Ramsdens (annual rent of £20,000)
- Recently refurbished 99 sqm (1,066 sq ft) retail space
- Attractive traditional sandstone facade with high street visibility
- Positioned in a conservation area, enhancing property value
**Potential Concerns:**
- 10 years remaining on lease may pose mortgage challenges
- Area classified as economically deprived
This recently refurbished retail property on Batchen Street presents an attractive investment opportunity in Elgin's vibrant commercial sector. Boasting a prominent position with excellent footfall, this 99 sqm unit features full-height display windows and an appealing contemporary retail environment, perfectly suited for its current tenant, Ramsdens. With a solid annual rent of £20,000 secured over a fully repairing and insuring 10-year lease, this property offers a secure income stream from an established brand.
The surrounding area is a mix of independent retailers and national brands, ensuring a bustling atmosphere, while planned pedestrianisation improvements promise to further enhance local foot traffic. However, potential buyers should be aware that the remaining lease duration may complicate mortgage financing. Given its prime location and strong rental yield potential, this property is ideal for investors looking to capitalize on the heart of Elgin, where rich history meets modern retail. Don’t miss your chance to secure a piece of Elgin’s thriving market—this opportunity may not last long!
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