3 Bankhead Crossway North Sighthill Edinburgh Midlothian EH11 4BP

3 Bankhead Crossway North
Sighthill
Edinburgh
Midlothian
EH11 4BP

Heritable (Scottish Equivalent of English Freehold) Tyre Depot Investment

Let to Goodyear Great Britain Limited (now Goodyear Dunlop Tyres UK Ltd) until 2019
Sub-let to and occupied by McConechy's Tyre Service Ltd (t/a HiQ
Outstanding 2009 rent review ? notice served at ?80,000 p.a.x
Low site coverage
West Edinburgh location with excellent access to M8, A720 (city bypass) and Edinburgh city centre

Lot
19
Auction
27th May 2010
Rent
£50,000 per Annum
Status
Sold
Price
£600,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Heritable (Scottish Equivalent of English Freehold) Tyre Depot Investment

Let to Goodyear Great Britain Limited (now Goodyear Dunlop Tyres UK Ltd) until 2019
Sub-let to and occupied by McConechy's Tyre Service Ltd (t/a HiQ
Outstanding 2009 rent review ? notice served at ?80,000 p.a.x
Low site coverage
West Edinburgh location with excellent access to M8, A720 (city bypass) and Edinburgh city centre

Lot 19
Auction 27th May 2010
Rent £50,000 per Annum
Status Sold
Price £600,000
Sector
Motor Trade, Petrol Station
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated District Population: 475,000 (Edinburgh city centre)
Miles: ?5 miles west of Edinburgh city centre; 0.5 miles from M8 and A720
Roads: M8, A720, M9, A90
Rail: Edinburgh Park Rail Station
Air: Edinburgh Airport (5 miles)

Situation

The property is situated in a prominent position fronting Bankhead Crossway North in Sighthill Industrial Estate approximately 5 miles west of the city centre. This established estate is within 5 minutes of the M8, A720 and A90, further linking the location to Scotland's main arterial routes. Nearby occupiers include HBOS (Lloyds Banking Group), Royal Mail, Makro, Arnold Clark and Napier University.

Tenure

Heritable.

Location

Estimated District Population: 475,000 (Edinburgh city centre)
Miles: ?5 miles west of Edinburgh city centre; 0.5 miles from M8 and A720
Roads: M8, A720, M9, A90
Rail: Edinburgh Park Rail Station
Air: Edinburgh Airport (5 miles)

Situation

Tenure

Heritable.

Description

The property comprises a TYRE AND EXHAUST DEPOT within two interconnecting warehouse buildings with ANCILLARY OFFICE ACCOMMODATION, WORKSHOP AREA and STAFF ACCOMMODATION. The property benefits from two roller shutter doors, a hardstanding area to the front and a separate entrance providing customer access to the first floor offices. The property has a total approximate site area of 0.125 hectares (0.311 acres). VATVAT is applicable on this lot.

EPC

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

Description

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	Reviews
Ground Ground First First First	Workshop Warehouse Reception Office Store	277.83 sq m 280.90 sq m 11.12 sq m 37.11 sq m 13.39 sq m	(2,990 sq ft) (3,024 sq ft) (120 sq ft) (399 sq ft) (144 sq ft)	GOODYEAR DUNLOP TYRES UK LIMITED (1)(2)	25 years from 05/08/1994 (3)	£50,000	05/08/2009 (4) and 05/08/2014
Totals		620.35 sq m	(6,677 sq ft)			£50,000

(1)?Goodyear Dunlop Tyres UK Limited is a subsidiary of Goodyear Dunlop Tires Europe BV ? one of the world's leading tyre companies. (Source: www.goodyear.com)(2)?Please note, the unit has been sub-let to McConechy's Tyre Service Limited (t/a HiQ) who occupy the premises. (3)?The property is let generally on FRI terms (however please refer to clauses 4.10 and 4.12 of the Articles). (4)?The 2009 rent review is currently outstanding although the landlord has served notice at ?80,000 p.a.x.