To be let to Vermilion - The Smile Experts Limited
Close to Edinburgh Zoo
VAT-free investment
Lot 50
Auction 5th December 2018
Rent
Status Sold
Price £319,000
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
3 miles west Edinburgh city centre
10 miles east of Livingstone
47 miles east of Glasgow
Roads
A8, M8 , A90
Rail
Edinburgh Gateway, Park & Haymarket Stations
Air
Edinburgh Airport
Situation
Corstorphine is a predominantly residential suburb located 3 miles west of Edinburgh city centre, 10 miles east of Livingstone and 47 miles east of Glasgow. Corstorphine is located on the A8 St John’s Road with Edinburgh Airport 3 miles to the west, Murrayfield Stadium 1.5 miles to the south-east and Edinburgh Zoo 0.5 miles to the east. The property is located in a mixed residential/commercial area on St John’s Road (A8), at its junction with Belgrave Terrace and nearby occupiers include.Costa, Sainsbury’s, Subway, Greggs, TSB and Nationwide.
Tenure
Heritable.
Location
Miles
3 miles west Edinburgh city centre
10 miles east of Livingstone
47 miles east of Glasgow
Roads
A8, M8 , A90
Rail
Edinburgh Gateway, Park & Haymarket Stations
Air
Edinburgh Airport
Situation
Corstorphine is a predominantly residential suburb located 3 miles west of Edinburgh city centre, 10 miles east of Livingstone and 47 miles east of Glasgow. Corstorphine is located on the A8 St John’s Road with Edinburgh Airport 3 miles to the west, Murrayfield Stadium 1.5 miles to the south-east and Edinburgh Zoo 0.5 miles to the east. The property is located in a mixed residential/commercial area on St John’s Road (A8), at its junction with Belgrave Terrace and nearby occupiers include.Costa, Sainsbury’s, Subway, Greggs, TSB and Nationwide.
Tenure
Heritable.
Description
The property comprises a ground floor dental surgery.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises a ground floor dental surgery.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail
125 sq m
(1,345 sq ft)
VERMILION – THE SMILE EXPERTS LIMITED (2)
10 years from 2018 on a full repairing and insuring lease subject to a schedule of condition (1)
£26,500 (1)
2023
Total
125 sq m
(1,345 sq ft)
£26,500
(1) Terms for a new 10 year lease have been agreed and are currently in solicitors hands, due to complete imminently. Tenants will have an option to determine in the 5th year upon 6 months’ notice and a rent free period of 3 months and 10 weeks. The seller will adjust the completion monies so that the unit effectively produces £26,500 per annum from completion of the sale. (2) Private dental referral clinics with sites in Edinburgh and Kelso (Source : www.vermilion.co.uk).