Occupiers close by include Ladbrokes, TSB Bank and Scotmid Co-op
Lot 25
Auction 28th March 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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop.
VAT
VAT is not 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
Reversion
Ground
Retail
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.
