Burghead MF - Commercial for sale in Elgin

Two separate sites totaling 19.30 acres.. Site A offers an attractive rent of £150,000 per annum over a term of 10 years and includes a c. 5,900 sq ft building. Site B offers good development potential (subject to planning) spanning 8.40 acres. OVERVIEW Two adjacent sites totaling 19.30-acres, on the east side of Burghead, located between RAF Lossiemouth and Kinloss Barracks. As follows:Site A: 10.90 acres - including a c.5,900 sq ft (ground floor) building (GIA):A rare, high yielding opportunity let to Arqiva, an international covenant, on anew 10-year lease with a tenant option to break after the 7th year, subject to a penalty equivalent to 6 months rent. Passing rent will be £150,000 per annum.Underlying refurbishment / development opportunity (subject to planning).Site B: 8.40 acres - presents a development opportunity (subject to planning).We are inviting offers on the following basis - Independently or together:Site A: Sale and Leaseback, unconditional offers only (Overage on planning might be considered)Asking £1,200,000 subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 11.69%, assuming purchaser's costs of 6.93%.Site B: Inviting Offers on an unconditional basis or STP (Overage on planning might be considered). As a global commercial real estate services leader with 52,000 professionals worldwide, we will never settle for the world that’s been built, but relentlessly drive it forward for our clients, colleagues and communities.