Springfield Retail Park, Elgin, IV30 6WQ

Availability

Let

Rent

Rent on application

Description

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.

Key Points

  • 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.

Size

104,000 sq ft (9,661.00 sq m)