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26 Hay St 3,762 SF 100% Leased Office Building Elgin IV30 1NQ $581,926 CAD ($154.69 CAD/SF)
Investment Highlights
- Centrally located in Elgin
- Close proximity to Elgin station
Executive Summary
The property is currently part owner-occupied and part let to three tenants, all on all-inclusive flexible agreements. The current income generated from the let areas equates to £25,800 per annum, exclusive of VAT. The existing tenancies could remain in place and the vendor, who is in part occupation, would consider leasing space within the building, which would further increase the rental income. Alternatively, by giving up to four months’ notice to terminate the existing tenancy agreements, a purchaser could secure vacant
possession of the building, if required.
possession of the building, if required.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,762 SF
Building Class
B
Year Built
1890
Price
$581,926 CAD
Price Per SF
$154.69 CAD
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,254 SF
Building FAR
1.88
Lot Size
0.05 AC
Amenities
- 24 Hour Access
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Presented by
Shepherd Chartered Surveyors
26 Hay St
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