The subjects comprise a ground floor mid terraced retail unit, forming part of a large two storey traditional stone built tenement held under a pitched and slated roof. The property benefits from a large display window and customer entrance door which is protected with a roller shutter door.
Internally, the property is laid out to provide a sales area to the front with fully fitted kitchen, stores and staff W/C to the rear.
Location
The subjects are situated on the south side of Main Street a short distance from the junction with Niddrie Road in the West Lothian village of Winchburgh.
The village of Winchburgh lies approximately 12 miles to the west of Edinburgh City Centre between the larger villages of Broxburn to the south and South Queensferry to the north.
Substantial residential development is being undertaken within the village to its western periphery and also to the northwest of the village centre on the B8020 road which connects with Newton.
This location affords residents easy access to and from both the M8 and M9 motorway networks and therefore the village is well connected to all other parts of central Scotland.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows: Ground floor - 63.98 sq m (689 sq ft)
Terms
LEASE TERMS - The subjects are held on full repairing and insuring lease terms at the current passing rental of £13,000 per annum exclusive which is paid monthly in advance. The current lease expires on 31st January 2033 and incorporates five yearly rent reviews.
TENANCY SCHEDULE - For a more detailed view of the tenancy schedule, please see attached brochure.
RATING ASSESSMENT - According to the Scottish Association Assessors’ website, the subjects are noted to have a Rateable Value of £11,500 per annum. It should be noted under the terms of the Small Business Bonus Scheme, the property maybe eligible for 100% rates relief.
PRICE - Offers in excess of £135,000 are invited for our clients heritable interest, reflecting a net initial yield of 9.46%.
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
VAT - All prices quoted are exclusive of VAT.
LEGAL COSTS - Each party will be responsible for paying their own legal costs incurred in this transaction.
ENTRY - Upon completion of legal formalities.
Specification
- Ground Floor Hot Food Unit
- Long Lease – 15 Years Unexpired
- Passing rent £13,000 per annum
- Net internal floor area 63.98 sq m (689 sq ft)
- Offers Over £135,000 reflecting a generous net initial yield of 9.46%