Home > Auctions > 9 June 2026 09 June 2026 - 9:00am > Lot 500

9 June 2026: Tuesday 09 June 2026 - 9:00am
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    Key features

    • A high yielding telecoms/industrial investment
    • Let to Arqiva Limited on a new 10 year FRI lease from completion
    • Approx. 10.9 acre site
    • 7,943 sq ft two storey building, nuclear shelter and other outbuildings
    • Further development opportunity (subject to consents)
    • Investment let at £150,000 per annum (15% GIY on guide price)

    Description

    The main building is in good condition and comprises a ground floor of 5,920 sq ft with a further 2,023 sq ft at first floor with part being a secure nuclear shelter accessed externally. Ground Floor internal heights are 2.35m in the offices and workshop, 5.18m in the Transmitter Hall and the first floor plant room height is of limited headroom. The building is constructed of blockwork with a flat roof, considerable concrete yard to the entrance and to the front and side are 3 roller shutter doors. Internally, the building is of a good specification comprised of a concrete floor, strip lighting and Arqiva’s broadcasting equipment. The building has potential for conversion to industrial or residential (subject to planning). A second building/enclosure is used as a fuel bund, please note this building has no roof, in line with its current use. There are other smaller buildings on site used as outbuildings.

    Power - Currently on site, there is an electrical capacity of 490 KVA and with the radio towers, it could offer precedent for implementing other uses such as wind turbines for example (subject to planning).

    Cellnex Tower will be retained in the vendors possession. A right of way will be required from the main entrance road to allow access. 

    Additional information

    Tenure

    Heritable

    Tenancy

    The property is let on a new 10 year FRI lease from the date of completion at £150,000 per annum. The lease includes a tenant only break clause in the 7th Year and thereafter anytime with 6 month notice (subject to 6 month break penalty). The lease is also subject to CPI linked rent reviews in 5th year with a cap and collar between 1-3%. Arqiva will also have an option to extend at lease expiry


    Arqiva Limited


    • D&B Rating - 5A 1
    • Turnover (2024) - £589.3m
    • Pre Tax Profit (2024) - £476.5m

    Rent

    £150,000 p.a

    Notes

    Joint Agent - James Newcombe

    Cushman & Wakefield

    James.Newcombe@cushwake.com

    07721816913



    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 

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        Local information

        Located just off the B9040 between RAF Lossiemouth and Kinloss Barracks, Burghead is a historic seaside town in Scotland. It has a large proportion of the population working in either the local military sites which are a c.15-minute drive away or the Burghead Maltings brewery which is a 10-minute walk from the site.

        The town centre is 0.7 miles west, the larger town of Elgin is 8 miles away and the city of Inverness is 35 miles to the southwest. The land provides good access to major towns and city whilst benefitting from a tranquil seaside environment.

        The transmitting station currently has an access road from the B9040 providing direct links to the town centre and RAF Lossiemouth, one of the main employers in the area. 

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

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