125/127 Leith Walk
Leith
Edinburgh
EH6 8NP

Heritable Retail Investment

  • Affluent suburb of Edinburgh
  • VAT-free investment
  • Lease expires 2026 (1)
  • Occupiers close by include Ladbrokes, TSB Bank and Scotmid Co-op
  • Lot
    25
  • Auction
    28/Mar/2018
  • Rent
    £22,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £280,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Mapeley
  • 125/127 Leith Walk<br>Leith<br>Edinburgh<br>EH6 8NP
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  • Map

Property Information

Location
Miles
1.5 miles north of Edinburgh, 6 miles north-west of Musselburgh, 47 miles east of Glasgow
Roads
A900, A901, A199, A1
Rail
Edinburgh Waverley
Air
Edinburgh International Airport
Situation

Leith is an affluent suburb to the north of the city of Edinburgh. The property is located on Leith Walk, the main arterial route connecting Leith with Edinburgh city centre 1.5 miles to the south. The property is situated on Leith Walk, close to its junction with Manderston Street. There is a bus stop close by. Nearby occupiers include Barnardo’s, Pizza Hut, Ladbrokes,Scotmid Co-op, William Hill, TSB Bank and Domino’s, amongst a number of local traders.

Tenure

Heritable.

Description

The property comprises a ground floor shop.

VAT

VAT is not 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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
GroundRetail
165.1 sq m
(1,778 sq ft)
REMADE IN
EDINBURGH (3)
10 years from 21st
March 2016 (1) on
a full repairing and
insuring lease
£22,000 (2) (4)2026 (1)
Total
    £22,000 

(1) Tenant’s option to break in 2019 and 2021 upon 6 months’ prior written notice.
(2) If break option not exercised at the 5th year, rent increases to £23,500 pa.
(3) The Edinburgh Remakery is a community repair hub and second-hand shop, set up by the Remade in Edinburgh social enterprise. (Source: www.edinburghremakery.org.uk).
(4) There is a rent deposit held of £5,500.

Property Documents

  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    586 KB
    View PDF
  • Site Plan
    Updated Date
    06.03.18
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP 141 Bothwell Street
Glasgow
G2 7EQ
Lesley Anne Todd 0141 249 5517Lesley-Anne.Todd@pinsentmasons.com  Pamela Gorman 0141 567 8674pamela.gorman@pinsentmasons.com

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