Royal Bank of Scotland 4 Eastgate Peebles Peeblesshire EH45 8SL

Royal Bank of Scotland
4 Eastgate
Peebles
Peeblesshire
EH45 8SL

Heritable Bank Investment

Let to The Royal Bank of Scotland plc until 2028 (No breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
Option to extend lease for a further 20 years
Popular commuter and tourist market town in Scottish Borders
VAT-free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
48
Auction
21st May 2015
Rent
£34,850 per Annum Exclusive
Status
Sold
Price
£420,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

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Heritable Bank Investment

Let to The Royal Bank of Scotland plc until 2028 (No breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
Option to extend lease for a further 20 years
Popular commuter and tourist market town in Scottish Borders
VAT-free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 48
Auction 21st May 2015
Rent £34,850 per Annum Exclusive
Status Sold
Price £420,000
Sector
Bank
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 22 miles south of Edinburgh, 50 miles south-east of Glasgow
Roads: A702, A703, A72, A721, M74 (Junction 13)
Air: Edinburgh Airport

Situation

The Royal Burgh of Peebles lies in the Scottish Borders, 22 miles south of Edinburgh and is a popular and historic tourist and commuter town. The property is prominently situated on the south side of Eastgate close to its junction with High Street and adjacent to Boots the Chemist. Nearby occupiers include Greggs, Ladbrokes and Edinburgh Woollen Mill.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 22 miles south of Edinburgh, 50 miles south-east of Glasgow
Roads: A702, A703, A72, A721, M74 (Junction 13)
Air: Edinburgh Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a banking hall arranged on the ground floor only, forming part of a larger building not included in the sale.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Mhairi Jarvis. Email: mhairi.jarvis@acuitus.co.uk

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Viewings

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	Banking Hall	193.51 sq m	(2,083 sq ft)	THE ROYAL BANK OF SCOTLAND PLC (1)	Approx 22 years from 13/12/2006 until 11/12/2028	£34,850	11/12/2021 (2) 11/12/2026
Totals		193.51 sq m	(2,083 sq ft)			£34,850

(1) Royal Bank of Scotland has over 17 million customers in the UK and is the largest SME bank in the UK with over 1.1 million customers. (Source: www.rbs.com).
(2)The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.