Located adjacent to the entrance of The Centre Shopping Centre
Approximately 5,489.69 sq m (59,091 sq ft)
Approximate site area of 1.38 hectares (3.41 acres)
On-site car parking
Ten Week Completion subject to consent of heritable title holder being obtained
Lot 56
Auction 11th December 2014
Rent £68,356 per Annum Exclusive
Status Sold
Price £275,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
15 miles west of Edinburgh
30 miles east of Glasgow
Roads
A71, M8 (Junction 3)
Rail
Livingston North and Livingston South Rail (21 mins to Edinburgh)
Air
Edinburgh International Airport (10 miles east)
Situation
Livingston is Scotland’s fourth New Town and has a resident population of c. 53,000 people and a catchment of 1.8 million people within a 45 minute drive. Pentland House is located on Almondvale South is the heart of the town and immediately adjacent to the retail and leisure amenities. There is direct pedestrian access to the 1,000,000 sqft Centre Shopping Centre from the car park area of Pentland House.
Tenure
Long Leasehold. Held from West Lothian Council for a term of 125 years until 14 May 2101 at a peppercorn rent.
The transfer will be effected by an assignation of the lease interest.
The consent of West Lothian Council will be required to this, and the transfer will therefore be conditional upon this consent being received.
Certain information about the purchaser will require to be provided to West Lothian Council in connection with their consideration of the application for consent, and the purchaser will be required to provide all information reasonably requested in this regard.
Location
Miles
15 miles west of Edinburgh
30 miles east of Glasgow
Roads
A71, M8 (Junction 3)
Rail
Livingston North and Livingston South Rail (21 mins to Edinburgh)
Air
Edinburgh International Airport (10 miles east)
Situation
Livingston is Scotland’s fourth New Town and has a resident population of c. 53,000 people and a catchment of 1.8 million people within a 45 minute drive. Pentland House is located on Almondvale South is the heart of the town and immediately adjacent to the retail and leisure amenities. There is direct pedestrian access to the 1,000,000 sqft Centre Shopping Centre from the car park area of Pentland House.
Tenure
Long Leasehold. Held from West Lothian Council for a term of 125 years until 14 May 2101 at a peppercorn rent.
The transfer will be effected by an assignation of the lease interest.
The consent of West Lothian Council will be required to this, and the transfer will therefore be conditional upon this consent being received.
Certain information about the purchaser will require to be provided to West Lothian Council in connection with their consideration of the application for consent, and the purchaser will be required to provide all information reasonably requested in this regard.
Description
Pentland House is a modern office building planned over ground and 5 upper floors. The building benefits from two passenger lifts and a large reception area. There is a secure car park at ground floor with 18 car spaces.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 554 1705
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Pentland House is a modern office building planned over ground and 5 upper floors. The building benefits from two passenger lifts and a large reception area. There is a secure car park at ground floor with 18 car spaces.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 554 1705
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Part Ground
Office
38.09 sq m
(410 sq ft)
ALEX ADAMSON LLP
5 years from 14/05/2012 (1)
£4,100
(13/05/2017)
Part Ground (Suite 3A)
Office
140.00 sq m
(1,507 sq ft)
CASTLE ROCK EDINVAR HOUSING ASSOCIATION LIMITED
10 years from 14/05/2012 (2)
£15,000
14/05/2017 (13/05/2022)
Part Ground (Suite 3B)
Office
212.00 sq m
(2,282 sq ft)
LEARNDIRECT LIMITED (3)
3 years from 13/08/2014
£18,256
(12/08/2017)
First Floor
Office
979.56 sq m
(10,544 sq ft)
VACANT
Second Floor
Office
979.56 sq m
(10,544 sq ft)
VACANT
Third Floor
Office
979.56 sq m
(10,544 sq ft)
VACANT
Part Fourth Floor
Office
170.01 sq m
(1,830 sq ft)
FORWARD TRAINING PARTNERSHIP LIMITED (4)
1 year from 14/10/2013 (5)
£12,500
(13/10/2014)
Part Fourth Floor
Office
117.06 sq m
(1,260 sq ft)
TEAM SUPPORT STAFF LIMITED (4)
1 year from 14/10/2013
£18,500
(13/10/2014)
Part Ground (Suites 4, 5 & 6)
Office
417.22 sq m
(4,491 sq ft)
VACANT
Part Ground
Ancillary
6.50 sq m
(70 sq ft)
VACANT
Part Fourth Floor
Office
550.54 sq m
(5,926 sq ft)
VACANT
Fifth Floor
Office
899.58 sq m
(9,683 sq ft)
VACANT
Totals
5,489.69 sq m
(59,091 sq ft)
£68,356
(1) The lease provides a tenant option to determine on an annual basis. There is no break notice in favour of the landlord. (2) The lease provides a tenant option to determine on the fifth anniversary of the term. The landlord has a break option exercisable on the fifth anniversary of the term where there is a proposed redevelopment or substantial refurbishment of the building. (3) Occupation is based on a Missive of let which has been registered in the Books of Council & Session (4) Occupation is based on a licence to occupy rather than a formal lease (5) The initial term of the licence to occupy has expired and the licence is continuing on a month to month basis
