26 North Bridge Edinburgh Midlothian EH1 1QG

26 North Bridge
Edinburgh
Midlothian
EH1 1QG

Heritable (Scottish Equivalent of English Freehold) Retail Investment

  • Rent subject to note 2
  • Let to D G A D J Victor Scott (t/a Victor Scott Kilt Makers
  • Excellent city centre location close to the landmark hotels, The Carlton and The Scotsman
  • Nearby occupiers include Argos, Boots the Chemist, Specsavers, Pizza Express and Royal Bank of Scotland
  • Lot
    18
  • Auction
    8th July 2010
  • Rent
    £53,500 per Annum
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

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

Heritable (Scottish Equivalent of English Freehold) Retail Investment

  • Rent subject to note 2
  • Let to D G A D J Victor Scott (t/a Victor Scott Kilt Makers
  • Excellent city centre location close to the landmark hotels, The Carlton and The Scotsman
  • Nearby occupiers include Argos, Boots the Chemist, Specsavers, Pizza Express and Royal Bank of Scotland
  • Lot 18
  • Auction 8th July 2010
  • Rent
  • Status Sold Prior
  • Price  
  • 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
Miles
400 metres south of Princes Street (Edinburgh's main retailing street)
Roads
A1, A7 and A720 (City By-pass)
Rail
Waverly Train Station (400 metres)
Air
Edinburgh Airport (8 miles)
Situation

The property is situated on the east side of North Bridge, one of Edinburgh's main arterial routes and an extremely busy thoroughfare benefiting from its close proximity to the Royal Miles and Edinburgh Castle. Nearby occupiers include Schuh, Boots the Chemist, The Royal Bank of Scotland and Argos along with two of Edinburgh's premier hotels: The Scotsman and The Carlton.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Location
Estimated District Population
475,000 (Edinburgh city centre
Miles
400 metres south of Princes Street (Edinburgh's main retailing street)
Roads
A1, A7 and A720 (City By-pass)
Rail
Waverly Train Station (400 metres)
Air
Edinburgh Airport (8 miles)
Situation

The property is situated on the east side of North Bridge, one of Edinburgh's main arterial routes and an extremely busy thoroughfare benefiting from its close proximity to the Royal Miles and Edinburgh Castle. Nearby occupiers include Schuh, Boots the Chemist, The Royal Bank of Scotland and Argos along with two of Edinburgh's premier hotels: The Scotsman and The Carlton.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property comprises RETAIL ACCOMMODATION on the ground floor with STORAGE AND STAFF ACCOMMODATION at basement level, The upper floors are under separate ownership and currently provide OFFICE ACCOMMODATION.

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 comprises RETAIL ACCOMMODATION on the ground floor with STORAGE AND STAFF ACCOMMODATION at basement level, The upper floors are under separate ownership and currently provide OFFICE ACCOMMODATION.

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 Reviews
Ground
Basement
Sales Area
Staff and Storage
186.6 sq m
67.6 sq m


(2,009 sq ft)
(727 sq ft)

D G A D J VICTOR SCOTT(t/a Victor Scott Kilt Makers)  

5 years from 01/07/2009 (1) £53,500 (2) 30/06/2014
Totals  

254.2 sq m

(2,736 sq ft)
    £53,500  

(1)The existing lease is subject to a tenant only break option on 30th June 2012 (subject to six months' written notice). (2)The vendor has currently provided the tenant with a back letter (not annexed to the lease) detailing that the rent will be reduced to 52,500 per annum exclusive until completion of on-site works. The tenant's repairing obligation is limited until these works are complete. Furthermore, the rental deposit of 10,000 will be topped up to 13,375 when the works are complete.

Property Documents

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

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Associate Auctioneers
JLL 7 Exchange Crescent, Conference Square
Edinburgh
EH3 8LL
Alisdair Hogg 0131 301 6772alisdair.hogg@eu.jll.com
Seller's Solicitors
Davidson Chalmers LLP 12 Hope Street
Edinburgh
EH2 4DB
0131 625 9192
Helen Howden 0131 625 9191helen.howden@davidsonchalmers.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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