Auction House / Scotland
  • For Sale By Unconditional Online Auction
  • Guide Price* : £45,000
  • Auction Ended 17/12/2020
  • Lot 6

Newmarket Bar, 130 High Street, Elgin, IV30 1BW

FOR SALE VIA NATIONAL ONLINE AUCTION, BIDDING OPENS TUESDAY 15TH DECEMBER AT 12 NOON AND CLOSES THURSDAY 17TH DECEMBER AT 12 NOON. REGISTER TO BID!

Location

The town of Elgin is a former cathedral city and a former Royal Burgh and is the administrative and commercial centre for Moray. Elgin is situated on the A96 trunk route which connects the cities of Aberdeen and Inverness. Inverness Airport is 1 hour away and offers routes to mainly UK destinations while Aberdeen Airport provides UK and international routes.

Description

We are pleased to offer to auction this unique opportunity in the Moray town of Elgin. The listing comprises two elements under one title: Non trading bar premises (former Newmarket Bar) at 130 High Street and a 3-bedroom first floor flat at 57 South Street.

We have had no access to The Newmarket Bar although the roof viewed externally is in poor condition. The internal floorspace is unknown but most recently published Rateable Value is £7,000. The property offers the opportunity to refurbish as a trading licenced property but could also offer change of use subject to any required permissions.

The flat at 57 South Street is also in poor condition and would require a full programme of works throughout with the current accommodation comprising lounge, three bedrooms, kitchen and bathroom.
Both properties are deemed to be hazardous and entrances to each have been boarded over. No internal viewings are available.
The keenly positioned Guide Price is likely to encourage strong levels of demand and early expression of interest is recommended.

Key Features

Exciting development project
Keenly positioned guide price
Residential refurbishment opportunity
Commercial development with potential change of use
Central Elgin location

PURCHASERS NOTES

Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
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Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

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* Guide | £45,000
  • Retail Property (high street)
  • 3 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0141 339 4466 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.