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FOR SALE INVESTMENT OPPORTUNITY
Find out more at www.g-s.co.ukScotland’s Leading Property Consultancy Firm
74 Gilmerton Street, Edinburgh EH17 8PL
Offers over £195,000
• Retail Investment Opportunity
• Close Proximity to City Centre
• 15 Year Lease In Place
• Retail Unit
To arrange a viewing please contact:
Joe Helps
Surveyor
0131 240 5291
Lewis Berg
Student Surveyor
0131 240 5311
LOCATIONThe subjects are situated within GilmertonDykes area of Edinburgh, located 4 miles south-east of the city centre. More precisely, the subjects lie on the west side of Gilmerton Dykes Street between Moredun Dykes Road and Hyvots Park junction. Gilmerton Dykes Street offers the main thoroughfare for Gilmerton and comprises many new residential developments. The subject benefits fromhigh levels of footfall, passing traffic and offers multiple bus routes to the city centre. Surrounding occupiers include Greggs PLC and CJ Lang & Son, trading as Spar.
DESCRIPTION The premises comprise of a ground floor retail unit contained within a three storey brick built tenement, offering 24 flats and three retail units on ground floor level. Theretail units offer customer parking directly in front of the premises. Internally the
unit provides an open sales area with a staff W.C and Tea Prep facilities. The unit benefits from a large glazed frontage directly onto Gilmerton Dykes Street.
FLOOR AREAWe have measured the subjects in accordance with RICS code of measuring practice 6th edition.
The subjects extend to the following net internal areas:
Area Sq M Sq Ft
Sales Area 70.10 755
Total 70.10 755
PRICEOffers over £195,000 are invited. VAT is chargeable on the purchase price. The transaction can be carried out by a TOGC.
RATEABLE VALUETo be reassessed.
The unified business rate is presently set at £0.492 excluding water and sewage, which are levied separately.
TENANCY
Tenant JJW FOODS LTD
Lease Start Aug-19
Lease Expiry Aug-34
Break Option Break Option on the 10th Anniversary of the date of entry.
Rent £16,500 Per Annum excluding VAT, Rates and Service Charge.
Repairing or Ligation
Fully Repairing and Insuring..
Rent Review Upwards only rent reviews every 5th anniversary.
A copy of the lease is available upon request.
LEGAL EXPENSES AND VATEach party is to pay their own legal costs and the ingoing purchaser will be responsible for the land and buildings transactional tax, registration dues and VAT incurred in connection with this transaction.
EPCC.
IMPORTANT NOTICE
1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken.
2. Graham + Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it.
3. Graham + Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client’s Solicitors and Solicitors acting for the Purchaser/Tenants.
4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery.
5. A list of Partners can be obtained from any of our offices.
6. Date of Publication: September 2019
Find out more at www.g-s.co.ukScotland’s Leading Property Consultancy Firm
Keith Watters
Partner
0131 240 5326
