Alexandra House
21 Cliftonhall Road
Newbridge
Edinburgh
EH28 8PW

Heritable Office Investment

  • Let to Anytime Leisure Limited and Marken Limited
  • Anytime Leisure Limited did NOT exercise their 2018 break option
  • Prominent position in established commercial area 2.5 miles west of Edinburgh Airport
  • Asset management opportunity
  • Nearby occupiers include DHL, DPD, Batleys Cash & Carry and Tesla Service Centre
  • Lot
    25
  • Auction
    14/Feb/2018
  • Rent
    £142,098 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,200,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Property Update
  • Alexandra House<br>21 Cliftonhall Road<br>Newbridge<br>Edinburgh<br>EH28 8PW
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Property Information

Location
Miles
9 miles west of Edinburgh
Roads
M9 (Junction 1), M8 (Junction 2)
Air
2.5 miles west of Edinburgh International Airport
Situation

The property is located within the commercial area of Cliftonhall Road in Newbridge, some 9 miles west of Edinburgh and 2.5 miles west of Edinburgh International Airport. The property occupies a prominent roadside position, with other nearby occupiers including DHL, DPD, Batleys Cash & Carry and Tesla Service Centre. Cliftonhall Road runs adjacent to the M9, providing fast access to Junction 1 at the Newbridge Interchange located just north of the property.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property is a standalone detached modern office building arranged to provide five open-plan suites. Unit 1 benefits from roller shutter doors and has been interconnected with units 2 and 3. The office accommodation benefits from suspended ceilings, recessed lighting and perimeter trunking. The property provides parking for approximately 48 cars and has a site area of approximately 2.383 acres (0.964 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Bidder'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 advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Suites
1,2 & 3
Ground FloorOffice
759.29 sq m
(8,173 sq ft)
ANYTIME LEISURE
LIMITED
t/a Origin Fitness (1)
10 years
from
25/09/2013
(2)
£88,84825/09/2018
(24/09/2023)
Suite 5Ground &
First Floor
Office
506.69 sq m
(5,454 sq ft)
MARKEN LIMITED (3)10 years
from
21/06/2012
£53,250(20/06/2022)
Suite 4First FloorOffice
603.86 sq m
(6,500 sq ft)
VACANT POSSESSION   
Total 
1,869.84 sq m
(20,127 sq ft)
  £142,098 

(1) For the year ending 31 March 2016, Anytime Leisure Limited reported a turnover of £7,668,464, pre-tax profits of £469,103 and a total net worth of £1,089,143 (Source: Experian Group 12/01/2018). In April 2016, Anytime Leisure Limited officially began trading as Origin Fitness. Origin Fitness supply gym equipment and their gym design skills to a range of clients, including global gym brands, local authorities, hotels, sports clubs and CrossFit boxes (Source: www.originfitness.com 12/01/2018).
(2) 2018 break option NOT exercised.
(3) For the year ending 31 December 2016, Marken Limited reported a turnover of £61,973,000, pre-tax profits of £7,893,000 and a total net worth of £168,729,000 (Source: Experian Group 12/01/2018). Marken specialises in high-touch, personalised logistics for clinical trial materials and sensitive drug shipments worldwide (Source: www.marken.com 12/01/2018).

Property Documents

  • Site Plan
    Updated Date
    23.01.18
    File Size
    1,011 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

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