Highly prominent office building located adjacent to the entrance of The Centre Shopping Centre
Option to purchase Freehold Interest
Approximately 5,577.43 sq m (60,036 sq ft) of office accommodation
Approximate site area of 0.56 hectares (1.38 acres) with on-site car parking
Potential Redevelopment Opportunities (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 62
Auction 25th May 2017
Rent £22,600 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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 strategically located fronting Almondvale South in the heart of the town and immediately adjacent to the retail and leisure amenities. There is direct pedestrian access to the 1 million sq ft 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 14th May 2101 at a Peppercorn rent. The purchaser may have the option to purchase the freehold from the current freeholder. in certain circumstances - please see the legal pack for further
information.
As to the long leasehold for sale, the transfer will be effected by an assignation of the leasehold interest. The consent of West Lothian Council will be required for 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 strategically located fronting Almondvale South in the heart of the town and immediately adjacent to the retail and leisure amenities. There is direct pedestrian access to the 1 million sq ft 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 14th May 2101 at a Peppercorn rent. The purchaser may have the option to purchase the freehold from the current freeholder. in certain circumstances - please see the legal pack for further
information.
As to the long leasehold for sale, the transfer will be effected by an assignation of the leasehold interest. The consent of West Lothian Council will be required for 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 arranged 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 25 car spaces (including 2 accessible spaces). The property offers potential development opportunities for alternate uses (subject to consents).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Pentland House is a modern office building arranged 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 25 car spaces (including 2 accessible spaces). The property offers potential development opportunities for alternate uses (subject to consents).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Part Ground
Office
38.09 sq m
(410 sq ft)
ALEX M ADMANSON LLP (1)
5 years from 14/05/2012
£4,100
13/05/2017
Part Fourth Floor
Office
117.05 sq m
(1,260 sq ft)
TEAM SUPPORT STAFF LIMITED t/a Margaret Hodge Recruitment (2)
Licence from 06/09/2013
£18,500
Rolling Monthly
First, Second, Third, Part Fourth & Fifth
Office
4,429 sq m
(47,674 sq ft)
RIVERKIDS (3)
1 year 3 months licence from 01/04/2016
£0 (4)
30/06/2017 (5)
Part Ground Suites 3B Part Ground Suites C Part Ground Suites 4D
Office
Office
Office
212.00 sq m
418.34 sq m
52.95 sq m
(2,282 sq ft)
(4,503 sq ft)
(570 sq ft)
RIVERKIDS (3)
8 month licence from 01/11/2016
£0 (4)
30/06/2017 (5)
Part Ground (Suite 3A)
Office
140.00 sq m
(1,507 sq ft)
VACANT (6)
Part Fourth
Office
170.01 sq m
(1,830 sq ft)
VACANT (7)
Total
5,577.43 sq m
(60,036 sq ft)
£22,600
(1) Founded in 1990, Alex M Admanson LLP are a firm of Sheriff Officers and Debt Collectors with 5 offices across Scotland (Source: www.alex.madmanson.co.uk 05/04/2017). (2) For the year ending 30th June 2016, Team Support Staff Limited reported a turnover of £10,306,743, pre-tax profits of £145,738 and a total net worth of £179,246 (Source: Experian Group 05/04/2017). Team Support is a privately owned, limited recruitment company. Founded in 1989, the company expanded to operate a branch network throughout England. In 2009 Team Support achieved national status with the acquisition of Scottish recruitment company, Margaret Hodge Recruitment. As a group the company now has branches operating across the UK from Scotland to the South of England (Source: www.teamsupport.co.uk 24/04/2017). (3) RiverKids is a Scottish Children's Charity created in 2005 which supply toys to West Lothian's most disadvantaged children (Source: www.riverkids.org.uk 05/04/2017). (4) RiverKids' are not liable to pay service charge or insurance. There may be an opportunity for a seller to extend the licence. (5) The licence provides a rolling monthly contract following the reversion of the term. (6) The unit is currently let to Castle Rock Edinvar Housing Association Limited at £15,000 p.a.x. They are vacating the unit on 14/05/2017. (7) The part fourth floor is currently let to Forward Training Partnership Ltd on a rolling monthly
