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£150,000

High Street, Elgin, Moray, IV30

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£150,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£685 per month

Minimum deposit amount:

£7,500
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Situation The Northern Fish Restaurant is situated in a prime trading location on the High Street in the city centre of Elgin. It is just a short walk from Elgin�s main high street and all local amenities, including doctors, dentists, sporting facilities, the post office, and schools, many of which are in close proximity to the property. Elgin itself is a lively and charming town with a population of around 24,000 people. The centre offers a variety of shops to suit all needs. For those seeking further education, Elgin is also home to Moray College UHI, which provides a range of courses for approximately 10,000 students. Elgin attracts a high level of tourists year-round, drawn by its local distilleries, castles, and world-class golf courses. Transport links are excellent, with both a bus station and train station providing easy access to Inverness and Aberdeen. The larger cities of Inverness and Aberdeen are within easy driving distance�38 miles and 64 miles respectively�both of which have airports with regular daily scheduled flights. Business The Northern Fish Restaurant proudly served the community for over 60 years, with the most recent proprietor managing the business for over 20 years before retiring. Ideally situated in a large residential area and close to a secondary school, Elgin Retail Park, and numerous businesses, the restaurant enjoyed a prime location. Operating as a traditional Fish & Chip shop and takeaway, the Northern Fish Restaurant earned an enviable reputation for quality and service. Prior to closing, it was open daily from 9:00 am to 10:00 pm, except on Tuesdays and Wednesdays when it remained closed. The business was efficiently managed by the owner, supported by three part-time staff, with two people working at any given time. The sale of the business includes all equipment necessary for operation, such as a gas range, oil filter, potato peelers, chipper, fridges, freezers, and microwaves. Before closing, weekly sales averaged around �2,500. The Northern Fish Restaurant is now closed following the owner�s retirement, marking the end of a long-standing and much-loved local business. However, it is ideally placed for new owners to take forward into the next chapter of the Northern Fish Restaurant. The Property Access to the premises is from the main street through a glazed door, leading directly into the former takeaway area. Running along the side of the building was the cooking and servery section, where customers were greeted and orders prepared. To the rear of the property, the restaurant area was furnished with several fixed booths, providing comfortable seating for up to 40 diners. A popular retro jukebox added to the atmosphere (please note, the jukebox is not included in the sale). At the back of the property, a large storeroom and preparation area housed essential equipment such as the potato peeler, chipper, fridges, and freezers. A side door opens onto a private, enclosed alleyway, which also provides access to the maisonette located above the shop. External The Northern Fish Restaurant occupies a prominent position at the western edge of Elgin High Street. There is access via a private alley to the rear of the restaurant. Entrance to the rear is via a locked gate from the High Street. There is private vehicle access via the adjacent public car park. Services The property has mains gas, electricity, water, and drainage. Tenure The property is held on the Scottish equivalent of a freehold. Trading Figures Historic trading information will be provided after a formal viewing has taken place. Legal Costs Each party will be responsible for their own legal costs incurred in the transaction.
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