151-155 Lothian Road Edinburgh Midlothian EH3 9AA

151-155 Lothian Road
Edinburgh
Midlothian
EH3 9AA

Heritable (Scottish Equivalent of English Freehold) Retail Investment

99 year lease let to A Jones & Sons Ltd until 2069
Next rent review August 2010
Well located retail unit within a busy city centre location
Includes first floor dwelling house and separate storage space
Please note that the property adjoins Lot 56 in the catalogue

Lot
1
Auction
8th July 2010
Rent
£34,000 per Annum
Status
Sold
Price
£550,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Interested?

Expand
Photos
Map

Heritable (Scottish Equivalent of English Freehold) Retail Investment

99 year lease let to A Jones & Sons Ltd until 2069
Next rent review August 2010
Well located retail unit within a busy city centre location
Includes first floor dwelling house and separate storage space
Please note that the property adjoins Lot 56 in the catalogue

Lot 1
Auction 8th July 2010
Rent £34,000 per Annum
Status Sold
Price £550,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated District Population: 475,000 (Edinburgh city centre)
Nearby: 500 metres south of Princes Street (Edinburgh's main retailing street; 250 metres from the Exchange District (Edinburgh's prime office district)
Roads: A7, A720, A90, M8
Rail: Waverley Railway Station, Haymarket Railway Station
Air: Edinburgh Airport

Situation

Lothian Road is located at the West End of Edinburgh city centre, linking Princes Street to the north and Tollcross to the south, and forms one of the main arterial routes into the city centre. The property is situated on the east side of Lothian Road and benefits from an excellent footfall. Neighbouring occupiers include Caffé Nero, Baguette Express, Nando's and corporate occupiers such as Standard Life, Lloyds Banking Group and Scottish Widows.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Location

Estimated District Population: 475,000 (Edinburgh city centre)
Nearby: 500 metres south of Princes Street (Edinburgh's main retailing street; 250 metres from the Exchange District (Edinburgh's prime office district)
Roads: A7, A720, A90, M8
Rail: Waverley Railway Station, Haymarket Railway Station
Air: Edinburgh Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property, part of a traditional tenement building, comprises TWO ADJOINING RETAIL UNITS, currently forming a double unit providing OPEN PLAN SALES ACCOMMODATION on the ground floor with SEPARATE STORAGE AND STAFF ACCOMMODATION at basement level. Additionally the property benefits from RESIDENTIAL ACCOMMODATION on the first floor comprising a two bedroom flat, accessed from 155 Lothian Road, and ADDITIONAL STORAGE SPACE at Bread Street Lane.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

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	Review
151-153 Lothian Road Ground Basement Store (Bread Street Lane) (2)	Retail Staff/Storage/WC Storage	120.97 sq m (1,302 sq ft) 100.42 sq m (1,080 sq ft)	A JONES & SONS LTD (1) (T/A JONES BOOTMAKER)	99 years from 19/06/1970 until 01/08/2069	£34,000	01/08/2010 and 10 yearly thereafter
155 Lothian Road First (3)	Residential	2 Bedroom Flat
Totals		221.39 sq m (2,382 sq ft)			£34,000

(1)A Jones & Sons Ltd was established in 1857 and currently trades from over 80 branches throughout the United Kingdom. (Source: www.jonesbootmaker.com) (2)The lease incorporates additional storage space at Bread Street Lane. (3) The property includes a first floor dwelling house (two bedroom flat), separately accessed from 155 Lothian Road. The flat is currently sub-let by the tenant to a private individual.