Nearby occupiers include Greggs, Subway, Ladbrokes and Lidl
Lot 74
Auction 7th December 2017
Rent £8,500 per Annum Exclusive
Status Sold
Price £95,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Trustees
Property Information
Location
Miles
5 miles west of Edinburgh Airport, 12 Miles west of Edinburgh City Centre.
Roads
A899, M8 (Junction 3), M9 (Junction 2)
Rail
Uphall Rail
Air
Edinburgh Airport
Situation
Broxburn is a busy town some 5 miles west of Edinburgh Airport. The property occupies a prominent position on East Main Street, Broxburn's principal retail pitch, close to its junction with Station Road. Nearby occupiers include Greggs, Subway, Ladbrokes and Lidl.
Tenure
Heritable. (Scottish equivalent of an English Freehold).
Location
Miles
5 miles west of Edinburgh Airport, 12 Miles west of Edinburgh City Centre.
Roads
A899, M8 (Junction 3), M9 (Junction 2)
Rail
Uphall Rail
Air
Edinburgh Airport
Situation
Broxburn is a busy town some 5 miles west of Edinburgh Airport. The property occupies a prominent position on East Main Street, Broxburn's principal retail pitch, close to its junction with Station Road. Nearby occupiers include Greggs, Subway, Ladbrokes and Lidl.
Tenure
Heritable. (Scottish equivalent of an English Freehold).
Description
The property comprises a ground floor retail unit with basement ancillary accommodation, which forms part of a larger building. The property benefits from a separate brick outbuilding to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation, which forms part of a larger building. The property benefits from a separate brick outbuilding to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six 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
Reviews
Ground Basement
Retail Ancillary
71.53 sq m 18.67 sq m
770 sq ft 201 sq ft
INDIVIDUAL t/a Optimeyes Opticians
16 years from 02/05/2014 until 01/05/2030 (1)
£8,500 (2)
02/05/2019 and five yearly
Totals
90.2 sq m
971 sq ft
£8,500 (2)
(1) The lease provides a tenant option to determine on 01/05/2022 and 01/05/2026, subject to 9 months’ written notice. (2) The current passing rent is £7,250 p.a.x. The lease provides a fixed rental increase on 02/05/2018 to £8,500 p.a.x. The Seller has agreed to adjust the completion monies so that the unit will effectively produce £8,500 p.a.x. from the completion of sale.