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

King Street, Elgin, Moray, IV30 1EU

£550,000Freehold

624

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

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

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.

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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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£2,894 /mo.25 Years, 5% Interest
Loan
£495,000
Total Repay
£868,116

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
£16,000
0% up to £150,000
1% between £150,000 and £250,000
5% above £250,000
Your effective LBTT is 2.91%

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