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
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).
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
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.
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%.
