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143 High St

1,714 SF 100% Leased Retail Building Elgin IV30 1DS $285,200 ($166/SF) 6.53% Cap Rate

Investment Highlights

  • Prime Location on Elgin High Street
  • “B” Listed with Attractive Stone Features
  • Ground Floor within Traditional Terraced Building

Executive Summary

Cafe investment for sale. Let to TCD & Norah’s. Offers Over £225,000 Invited.Net Initial Yield: 6.53 % Reversionary Yield: 10.88%

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,714 SF
Building Class
B
Year Built
1878
Price
$285,200
Price Per SF
$166
Cap Rate
6.53%
NOI
$18,624
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.78
Lot Size
0.05 AC
Frontage
45 FT on High Street

Amenities

  • Air Conditioning

Nearby Major Retailers

Santander
Tesco
Tesco Extra
ALDI
Clydesdale Bank
Virgin Money Plc
Farmfoods
Costa Coffee
T S B
Bank of Scotland PLC
  • Listing ID: 33752102

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 143 High St, Elgin IV30 1DS

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