50 St Johns Road Corstorphine Edinburgh Scotland EH12 6PB

50 St Johns Road
Corstorphine
Edinburgh
Scotland
EH12 6PB

Heritable Retail Investment

  • Prominent corner location
  • Popular Edinburgh suburb
  • To be let to Vermilion - The Smile Experts Limited
  • Close to Edinburgh Zoo
  • VAT-free investment
  • Lot
    50
  • Auction
    5th December 2018
  • Rent
    £26,500 per Annum Exclusive
  • 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
Important Update
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Prominent corner location
  • Popular Edinburgh suburb
  • 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).

Property Documents

  • Catalogue Page
    Updated Date
    05.11.19
    File Size
    648 KB
    View PDF
  • Site Plan
    Updated Date
    05.11.19
    File Size
    1 MB
    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
Pinsent Masons LLP 141 Bothwell Street
Glasgow
G2 7EQ
Pamela Gorman 0141 567 8674pamela.gorman@pinsentmasons.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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