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£550,000

King Street, Elgin, IV30

  • 6 beds
Other

£550,000

  • 6 beds
Other
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Estimate monthly mortgage payment:

£2,511 per month

Minimum deposit amount:

£27,500
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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 ?32,500 with effect from 01 April 2023.

Tenure
Scottish equivalent of Freehold

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£2,511 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
£6,250
Mortgage and legal costs:
£999
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