Summary - 8, VICTORIA CRESCENT IV30 1RQ
1 bed 1 bath Office
Public-sector-let investment with parking and flexible workspace potential.
- Let to Moray Council at £23,300 per annum
- Internal repairing and insuring lease (tenant responsible for repairs)
- NIA 231 sq.m (2,486 sq.ft) open-plan with some cellular rooms
- Site ~0.23 acres with private surfaced car parking
- Offers invited over £270,000 — investment pricing
- Located in a very deprived / outer-city hardship area
- Tenure details not provided; buyer to verify title
- Fast broadband, average mobile signal, no flood risk
A rare small-office investment in central Elgin, this modern single-storey building is let to Moray Council for £23,300 per annum on an internal repairing and insuring lease. The 231 sq.m (2,486 sq.ft) net internal area is arranged mainly open-plan with some cellular rooms, providing straightforward occupational layout and easy management for a long-term public-sector tenant.
The site extends to approximately 0.23 acres and includes multiple surfaced car parking spaces, good on-site servicing and fast broadband — practical features for continued council occupation or future commercial relet. There is no flood risk and the building appears well maintained externally with modern fenestration and a flat roof.
Buyers should note the location sits within a very deprived/outer-city hardship area; this can affect rental growth and alternative re-letting prospects once the existing lease expires. The tenancy and income are disclosed, but tenure details of the property are not provided and should be confirmed. Offers are invited at over £270,000, presenting an entry yield based on the current rent.
This is most suitable for investors seeking a low-management public-sector-let asset with parking and flexible accommodation. Consider the council lease expiry profile, local demand for office space, and potential for refurbishment or change of use when assessing future value and returns.
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