Historic Elgin Business Centre For Sale

March 30, 2016

FG Burnett have been instructed to market the investment at the Elgin Business Centre on Maisondieu Road. The building was built by The Great North of Scotland Railway in 1898,  as the Elgin Railway Station. It is a wonderful building, designed in the Scottish Baronial style and occupies a very high profile site on the corner of Maisondieu Road and New Elgin Road. The proximity to Elgin’s retail warehouse hub of Edgar Road ensures a high traffic flow past the Business Centre. The Business Centre has been operating successfully since 1991 and is virtually fully let, with several long term occupiers. David MacLeod of FG Burnett is handling the sale for private clients and believes this is a unique opportunity in the town. He said,  “ this is a rare opportunity to acquire a successful business centre in a prosperous town and I think that investors will appreciate the opportunity. There is a large site, ample parking, development potential and the chance to acquire a well maintained and well loved building in the town. At offers over £550,000, this reflects a net initial yield of over 15%, an extremely attractive return.       

 

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