• Broker Christopher Paul 1343614698
  • Broker Stuart Johnston 1343614698

Prospect Lodge 7 Mayne Rd 3,019 SF 100% Leased Office Building Elgin IV30 1NY $608,980 ($201.72/SF) 11.25% Cap Rate

View Photo

INVESTMENT HIGHLIGHTS

  • Established business centre
  • Vehicular access
  • Located within the town of Elgin

EXECUTIVE SUMMARY

High yielding multi let office investment. £450,000 for =interest in the property, reflecting a Net Initial Yield of 11.25%
The property is currently operated as a business center and at the date publication is 100% let to a total of eight tenants.

ATTACHMENTS

XL_7-Mayne-Road

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,019 SF
Building Class
B
Year Built
1827
Price
$608,980
Price Per SF
$201.72
Cap Rate
11.25%
NOI
$68,510
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,006 SF
Building FAR
0.90
Lot Size
0.08 AC
Parking
10 Spaces (3.31 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Kitchen
  • DDA Compliant
  • Demised WC facilities

LINKS

  • DM HALL

MAP

ADDITIONAL PHOTOS

View Photo Building
  • Listing ID: 31445744

  • Date on Market: 4/8/2024

  • Last Updated: 4/3/2025

  • Address: 7 Mayne Rd, Elgin IV30 1NY

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