Heritable Retail Investment
Heritable Retail Investment
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.
Heritable. (Scottish equivalent of an English Freehold).
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.
Heritable. (Scottish equivalent of an English Freehold).
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 is applicable to this lot.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
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 is applicable to this lot.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
| 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.
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