Available to rent – free of tie

Large hospitality unit with a bar and kitchen on Elgin High Street.

Gairland is pleased to offer a premium hospitality unit in the heart of Scotland’s whisky capital for commercial rent. 178-182 High Street is a large, turnkey hospitality unit in the centre of the administrative capital of Moray, on Scotland’s busy North East Coast. Comprising a large front-of-house space with a licensed capacity of 346 people and a fully-equipped commercial kitchen, bar and cellar, the unit presents a very attractive opportunity for an experienced operator to establish a number of hospitality concepts at-scale. 

OVERVIEW

Licensed capacity: 346 persons
Central location on Elgin High Street
At the heart of the world capital of Scotch Whisky
Very large kitchen (56m2 approx)
Over 300m2 Beer Garden

10 year term preferred, 5 year minimum
Fixtures and fittings & stock by separate negotiation
Outgoing tenant traded until 5th November 2022
DDA compliant bar & bathroom
Free of tie

Annual Rent £50000 +VAT
FRI commercial lease

THE BUILDING

The unit’s prominent placement on Elgin’s High Street provides steady and often heavy walk-in footfall. The unit is located opposite the town’s Marks & Spencer and a major bank. Along from the unit is the town’s only nightclub, as well as a number of small, independent shops and restaurants. The unit is offered on an FRI commercial lease, without any brewery or other commercial ties. 

Inside, some recent interior work gives 178-182 High Street many unique characteristics which will lend themselves well to a number of hospitality concepts. At the front is a ground-level space, flooded with light from the large glass frontage. Up a few steps (or by way of a lift) is a large bar, which sits opposite a picked-and-pointed stone wall – the original exterior wall of an earlier  building, with ‘doorways’ through to seating areas. Beside the bar is a separate glass wash room and a further food service room with dumb waiters linking to the kitchen above. Other characterful features include wood cladding in this area of the bar and industrial-style flooring. Beyond the main bar area are three further service areas (two with fixed seating), and a disabled W/C.

On the first floor are two large W/Cs for ladies and gentlemen. In the back-of-house area on the first floor are staff changing rooms and toilets, a number of storage rooms, a large cellar (with a keg lift connecting to the ground floor rear entrance) and a large commercial kitchen. We feel the 

56m2 (approx) kitchen, in particular, may present the tenant with an opportunity to run multiple ghost kitchens from the site. 

To the rear of the ground floor is an exit onto a paved smoking/outdoor area. Beyond this area is a sizable outdoor space, which is currently used as a beer garden. The beer garden nearly doubles the seated capacity of the bar in the warmer months. This garden is available by separate negotiation. 

With an abundance of space, a prominent placement, and ‘good bones’ in the interior, we believe 178-182 High Street makes for an outstanding opportunity to develop a bar, venue, restaurant or gastropub in an established and growing market. The extraordinarily large kitchen presents a further opportunity to develop take-away trade under multiple brands. Viewing is strongly advised to appreciate the scale of the unit.

Main bar area, 178-182 High Street, elgin
Main bar area, 178-182 High Street, elgin
Main bar area, 178-182 High Street, elgin

SPEYSIDE: THE WORLD CAPITAL OF WHISKY

Elgin is the administrative capital of Moray – a prosperous and growing region of Scotland, home to a number of world-leading food & drink brands and other professions. With a population of over 25,000 (which is set to grow further over the coming years with the construction of a number of new housing developments), Elgin is the largest settlement on the A96 route between the cities of Inverness and Aberdeen.  The region has an established and extended tourist season, mostly driven by the Scotch whisky industry and the area’s outstanding natural beauty. Off-season trade is supported by a large and growing professional population, making Elgin a stable market for hospitality concepts. 

Elgin is the largest town in the Speyside region – the Scotch whisky capital of the world. Not only does this industry employ hundreds of people, it also attracts significant, non-seasonal tourism (many of whom choose to stay in hotels and self-catering accommodation in Elgin). The region’s strong whisky identity presents a huge opportunity to create a world-class whisky destination in this unit. 

The Elgin catchment area further benefits from a large RAF base at Lossiemouth and further army base at Kinloss. Joint exercises at these bases can provide lucrative off-season boosts to trade. A recent HBOS study found property prices in Elgin to be among the highest in Scotland, driven largely by the military and food & drink sectors. 

The town is also home to the headquarters of Moray Council, a large acute hospital, a university, two secondary schools and other primary schools. It also hosts outposts of other large professional firms, such as accountants and solicitors. For its size, Elgin enjoys an above average professional population.

178-182 High Street sits on a busy end of the main street, opposite the local Marks & Spencer and RBS and just along from the town’s only nightclub. This particular end of the High Street enjoys high footfall, owing to the neighbouring brands. There is also ample off-street paid parking directly behind the unit (over 150 paid spaces, managed by Moray Council).

Elgin High Street
Scotch Whisky and a whisky cask
A mountain of whisky casks

CONTACT

178-182 High Street is offered for £50,000 +vat per annum on an FRI commercial lease, and is available for immediate entry. Interest is invited from experienced hospitality/leisure operators.

To arrange a viewing or request further information, please contact:

Erin Beaton – Letting Manager, Gairland
letting@gairland.com
+44 (0) 1343 553 930

Gairland, 14 Chanonry Road South, Elgin, IV30 6NG

01343 553 930

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