The subjects comprise an industrial warehouse premises of part steel portal frame, part brick construction with overlaid profile cladding, surmounted under a flat clad roof. There is an electric roller shutter door which provides vehicular access. Pedestrians can access the premises via a separate entrance point.
Internally, the accommodation comprises an open plan warehouse space with WC facilities and a shared yard. The premises benefits from integrated translucent panels which flood the premises with natural day light. This is a rarely available leasehold opportunity in southeast Edinburgh.
Location
The subjects are situated within the highly sought after Prestonfield Park Industrial Estate in the Prestonfield district of Edinburgh. The property is located approximately 2 miles southeast of Edinburgh city centre and the A1 is approximately 2 miles to the east which provides a direct link to the City Bypass (A720). The property benefits from an efficient transport link into the city centre via the A7. Additionally, an industrial occupier would benefit from efficient access across the central belt via the bypass.
The established industrial location is home to a mix of local and national occupiers such as Howdens Joinery Co, City Plumbing, Football Nation and St Andrews Timber & Building Supplies Limited.
Accommodation
Ground Floor - 302.12 sq m (3,252 sq ft)
The above floor areas have been calculated on a Gross Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition).
Terms
Lease Terms - The subjects are held on a full repairing and insuring basis, with the lease expiring 27th May 2027. There is a Schedule of Condition attached to the lease.
Rent - Passing rent £36,000 per annum.
Rateable Value - The subjects are entered in the current Valuation Roll at a rateable value of £22,000 resulting in net annual payable rates of approximately £10,956.
Please note, a new owner or occupier of a commercial property has the right to appeal this rateable value within 4 months of the beginning of the tenancy.
Energy Performance Certificate - An Energy Performance Certificate is available upon request.
VAT - Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
Legal Costs - Each party to bear their own legal costs in the documentation of this transaction; however the in-going tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
Specification
- Located in Prestonfield Park Industrial Estate
- Passing rent £36,000 per annum
- Rarely available leasehold opportunity in southeast Edinburgh
- Lease expiry May 2027
- Premises extend to 302.12 sqm (3,252 sqft)
- Electric roller shutter vehicular access
- Efficient transport links across the central belt