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
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
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* More information on the term "guide" can be found here

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
  • 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

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)

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

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.

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.

Property Documents

  • Site Plan
    Updated Date
    16.06.10
    File Size
    64 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.06.10
    File Size
    883 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Associate Auctioneers
JLL 7 Exchange Crescent, Conference Square
Edinburgh
EH3 8LL
Alisdair Hogg 0131 301 6772alisdair.hogg@eu.jll.com
Seller's Solicitors
DLA Piper Scotland LLP Collins House, Rutland Square
Edinburgh
EH1 2AA
+44 (0)131 242 5523
Carolyne Hair +44 (0)131 242 5053carolyne.hair@dlapiper.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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