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).