The subjects comprise an L shaped terrace of light industrial workshops of block/brick construction with steel and timber framed supports, surmounted by part pitched/part monopitched roofs.
The subjects benefit from a range of the following specifications:
- Vehicular access roller shutter door
- Concrete floors
- 3 phase/single phase electricity supply
- Communal Male/ Female WCs
- Maximum 3.5 m eaves
Location
The subjects are located in Paterson’s Court, adjacent to East Main Street, Broxburn. The surrounding area features a combination of commercial and residential properties, with a range of local amenities available in Broxburn town centre. The property benefits from strong public transport links, providing regular connections to Edinburgh and the wider West Lothian area. Additionally, it offers convenient access to the M8 motorway and Scotland’s broader road network.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a Gross Internal Basis as follows:
Unit A - 45.04 sq m (485 sq ft)
Unit B - 65.12 sq m (701 sq ft)
Unit C - 65.58 sq m (706 sq ft)
Unit D - 35.67 sq m (348 sq ft)
Unit E - 129.89 sq m (1,389 sq ft) (Ground floor workshop and 1st floor office)
Unit F - 62.84 sq m (676 sq ft)
Unit G - 21.88 sq m (236 sq ft)
Unit H - 39.45 sq m (425 sq ft)
Total - 456.48 sq m (5,010 sq ft)
Terms
LEASE TERMS: The units are fully occupied under short-term licence agreements, with several tenants expressing a willingness to discuss lease extensions following the sale. Further details are available upon request.
SALE TERMS: We are inviting offers over £350,000 for the outright purchase of our clients heritable interest, reflecting a Gross Initial Yield of 10.42%”
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
NON-DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have a cumulative rateable value of £6,695, however, individually it should be noted under the terms of the Small Business Bonus Scheme, the properties maybe eligible for 100% rates relief.
PROPOSAL: Any proposals to purchase should be sent directly to the sole selling agents.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in any transaction.
VAT: All prices quoted are exclusive of VAT which is chargeable.
TENANCIES: See attached brochure for information
Specification
- Current rental income of £36,470 per annum (exclusive of VAT)
- L shaped industrial/workshop/ business units
- Located in close proximity to East Mains Industrial Estate
- Offers over £350,000 invited reflecting a Gross Initial yield of 10.42%