10/12 East Main Street Broxburn West Lothian EH52 5AE

10/12 East Main Street
Broxburn
West Lothian
EH52 5AE

Heritable Retail Investment

  • Let until 2030 (subject to options)
  • Approximately 5 miles west of Edinburgh Airport
  • 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
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Let until 2030 (subject to options)
  • Approximately 5 miles west of Edinburgh Airport
  • Nearby occupiers include Greggs, Subway, Ladbrokes and Lidl
  • Lot 74
  • Auction 7th December 2017
  • Rent
  • 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.

Property Documents

  • Site Plan
    Updated Date
    01.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.11.19
    File Size
    601 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Burness Paull 50 Lothian Road
Edinburgh
EH3 9WJ
Andrew Wood 0131 473 6903andrew.wood@burnesspaull.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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