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
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.
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
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.
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
(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.
