Adjacent to Midlothian Council offices and close to Dalkeith Library
Nearby occupiers include Lloyds Pharmacy, Ladbrokes, Betfred and Post Office
Lot 80
Auction 13th July 2017
Rent £14,200 per Annum Exclusive
Status Sold
Price £130,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
6 miles south-east of Edinburgh
Roads
A1, A7, A68
Rail
Eskbank Railway Station (19 minutes to Edinburgh Waverley)
Air
Edinburgh International Airport
Situation
Dalkeith is the main administrative centre for Midlothian and has a population of 12,342 people according to the 2011 census. Dalkeith is situated roughly six miles south-east of Edinburgh and is easily accessible from the Sherriffhall roundabout and the city bypass. Dalkeith has a very good ease of access via rail with Eskbank Railway Station being only nineteen minutes to Edinburgh Waverley. The property is located in an advantageous position close to the main street of Dalkeith, with nearby occupiers including Ladbrokes, Betfred, Lloyds Pharmacy and a Post Office. Midlothian Council offices are immediately adjacent, with Dalkeith Library diagonally opposite.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
6 miles south-east of Edinburgh
Roads
A1, A7, A68
Rail
Eskbank Railway Station (19 minutes to Edinburgh Waverley)
Air
Edinburgh International Airport
Situation
Dalkeith is the main administrative centre for Midlothian and has a population of 12,342 people according to the 2011 census. Dalkeith is situated roughly six miles south-east of Edinburgh and is easily accessible from the Sherriffhall roundabout and the city bypass. Dalkeith has a very good ease of access via rail with Eskbank Railway Station being only nineteen minutes to Edinburgh Waverley. The property is located in an advantageous position close to the main street of Dalkeith, with nearby occupiers including Ladbrokes, Betfred, Lloyds Pharmacy and a Post Office. Midlothian Council offices are immediately adjacent, with Dalkeith Library diagonally opposite.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a ground floor office unit forming part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor office unit forming part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
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
Reversion
Ground
Office
136.34 sq m
(1,468 sq ft)
DRUMMOND MILLER LLP
10 years from 21/12/2006
£14,200
(2)
Total
136.34 sq m
(1,468 sq ft)
£14,200
(1) For the year ending 31st May 2016, Drummond Miller LLP reported a turnover of £5,049,115, pre tax profits of £1,179,105 and a total net worth of £1,952,611 (Source: Experian Group 13/06/2017). Drummond Miller is a leading firm of solicitors with offices in 6 locations throughout Central Scotland and comprises 12 partners and over 100 staff (Source: www.drummondmiller.co.uk 13/06/2017). (2) The seller is in discussions with the tenant with regard to a new lease. Under Scottish law, the lease will continue year on year on the same terms and conditions until the next anniversary. If either the tenant or the landlord wish to terminate the lease, they must serve notice to quit within the specified time period prior to the anniversary.
