Elgin Branch

62 High Street
Elgin, Moray
IV30 1BU
t: 01343 610520
e: info@cclproperty.com

Edinburgh Branch

Hudson House
8 Albany Street, Edinburgh
EH1 3QB
t: 0131 473 1192
e: info@cclproperty.com

Glasgow Branch

Technology House
9 Newton Place, Glasgow
G3 7PR
e: info@cclproperty.com

King Street, Elgin, Moray, IV30 1EU

£550,000Freehold

624

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

Accommodation over 3 floors
Large car park
Mature garden
Prominent location overlooking Elgin Cathedral
Substantial Victorian property
Suitable for variety of purposes

Description

Winchester House is a substantial Victorian property located at 1 King Street in Elgin, directly overlooking the historic Elgin Cathedral. Offering versatile accommodation across three floors, this property is suitable for commercial and residential developments. Situated on a site spanning approximately one acre, it features a large car park and a mature garden, providing ample outdoor space and parking facilities. Strategically located near the A96, Winchester House enjoys high visibility and easy access, making it an ideal spot for businesses. Additionally, its proximity to the vibrant and historic market town of Elgin, the administrative and commercial hub of Moray, with its wide range of amenities, further enhances its potential as a prime commercial real estate opportunity while also catering to residential needs.

Winchester House, located at 1 King Street in Elgin, is a substantial Victorian property offering versatile accommodation across three floors. This property is in a prominent location, directly overlooking the historic Elgin Cathedral, which adds to its appeal. It is suitable for a variety of purposes, including commercial and residential developments.


The property includes a large car park and is situated on a site that spans approximately one acre, featuring a mature garden. This makes it an attractive option for potential buyers looking for ample outdoor space and parking facilities.


The strategic location of Winchester House near the A96 enhances its accessibility, making it an ideal spot for businesses due to the high visibility and ease of access. Additionally, its proximity to the vibrant and historic market town of Elgin, which is the administrative and commercial hub of Moray, adds to its potential as a prime commercial real estate opportunity. Elgin offers a wide range of amenities, including schools, a hospital, shopping options, and leisure facilities, further increasing the attractiveness of Winchester House for both commercial and residential uses.


Rateable Value
From the Scottish Assessors website the rateable value is ÂŁ32,500 with effect from 01 April 2023.

Tenure
Scottish equivalent of Freehold

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ2,894 /mo.25 Years, 5% Interest
Loan
ÂŁ495,000
Total Repay
ÂŁ868,116

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ16,000
0% up to ÂŁ150,000
1% between ÂŁ150,000 and ÂŁ250,000
5% above ÂŁ250,000
Your effective LBTT is 2.91%

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