The subjects comprise an end terraced warehouse with two interlinked units within a parade of similar units. The property is of steel frame construction infilled with brick to a height of 2.75 m and clad externally with profile metal sheeting. The roof is pitched and clad with corrugated sheet asbestos
Location
Edinburgh is Scotland’s capital city and the location of the Scottish Parliament situated on the banks of the Firth of Forth within Midlothian, located approximately 60 miles to the south of Dundee and approximately 40 miles to the east of Glasgow with a resident population of approximately 500,000. Newbridge itself is located approximately 8 miles west of Edinburgh City Centre and 2 miles west of Edinburgh airport. Newbridge Industrial Estate is one of Edinburgh’s premier industrial estates, which is extremely well-established, home to many national and international occupiers and is in close proximity to Newbridge Interchange which serves the Scottish motorway network with direct access onto the M8 and M9 motorways. Approximately 90% of the Scottish population is within 1.5 hours drive of this location. Reputable occupiers within the estate include DPD, Batleys, Menzies distribution HSS Hire, Hovis, Edgen Murray Europe and Scania.
Accommodation
,952.82 SQ. M. (21,020 SQ. FT.)
Terms
Our client is seeking to assign their existing leasehold interest which expires 6th November 2027 at an annual rent of £152,000 (reviewed 7th Dec 2022). There are no further rent review. VAT Figures are quoted exclusive of VAT.
RATEABLE VALUE £121,500 The subjects are entered in the current Valuation Roll at a rateable value of £121,500 which results in net annual payable rates of approximately £63,666.
EPC Available upon request.
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction
Specification
- WELL ESTABLISHED BUSINESS LOCATION
- CLOSE PROXIMITY TO EDINBURGH CITY AND ARTERIAL MOTORWAYS
- GROSS AREA 1,952.82 SQ. M. (21,020 SQ. FT.)
- PLUS FULL LENGTH MEZZANINE STORAGE
- ANNUAL RENT £152,000 PER ANNUM