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Springfield Retail Park, Elgin - Picture 2018-10-05-09-52-04
Let

Springfield Retail Park Edgar Road, Elgin, IV30 6WQ

Use Class

Use Class

E

Size

Size

104,000 sq ft

Rent pa

Rent pa

POA

Market Sector

Market Sector

Retail & Shopping Park

Key Features

  • Dominant retail park, adjacent to B&Q and opposite a 24 hour Asda.

  • Captive catchment of c.117,000 residen

  • Elgin is the commercial centre for Moray, home to RAF Lossiemouth, Walkers Shortbread, the Speyside Malt Whisky Trail and Gordonstoun School.

  • WAULT of 8 years (6.3 years to the breaks).

  • Strong tenants including B&M, Costa, Boots, JD Sports, Pets at Home with 73% of the income secured against low risk Creditsafe covenants.

  • Offer are invited, exclusive of VAT. For guidance on pricing and yield please call Duart Keith on 0131 558 5144.

  • Rent - £1,744,765 per annum – average rate of £16.79 per sq ft, with an ERV of £1,813,780 per annum.

Description

Open Class 1 Non Food Retail Park Investment

Open Class 1 (non-food) retail park comprising 11 units, with 420 car parking spaces.

Location

Elgin is on the southern Moray Coast, 1 hour east of Inverness and 1.5 hours north west of Aberdeen. Springfield retail Park is located ¾ of a mile south of the town centre.

Accommodation

104,000 Sq.Ft

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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