The subject comprises a double windowed retail/office premises arranged over the ground floor of a two storey traditional brick built property. Internally the premises benefits from a bright front and rear office, storeroom and disabled WC facility. The property benefits from a a large display frontage, allowing for excellent branding opportunities.
Location
Gorebridge is an established Midlothian commuter town situated on the B704 trunk road which is located just off the A7, one of the main vehicular routes, which leads a high volume of traffic south of Edinburgh towards the Scottish Borders. Gorebridge is located approximately 15 miles to the south of Edinburgh city centre. The premises is located on the main street of Gorebridge which is the main thoroughfare through the town.
Accommodation
Ground Floor 88.64 sq m (954 sq ft)
The areas above have been calculated on a gross internal area basis in accordance with the RICS Property Measurement Professional Statement (Second Edition, January 2018) incorporating the International Property Measurement Standards.
Terms
PRICE - The subjects are being offered on freehold basis and we are inviting offers over £90,000.
LEASE - The subjects are offered on a full repairing and insuring basis for a new lease, incorporating regular rent reviews at an initial rent of £8,500 per annum.
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.
VAT - Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
EPC - Released on application
RATEABLE VALUE - The subjects are entered in the current Valuation Roll at a rateable value of £8,100 which will allow for 100% rates relief subject to the tenant’s other commercial properties, if any. Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 4 months of the beginning of the tenancy agreement and this property may also be applicable for small business rates relief
ANTI MONEY LAUNDERING REGULATIONS - The money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of dentity and residence and proof of funds for the purchase, before the transaction can proceed.
Specification
- LOCATED IN GOREBRIDGE, MIDLOTHIAN
- OFFERS OVER £90,000
- OFFERS OVER £8,500 PER ANNUM
- PREMISES EXTENDS TO 88.64 SQM/954 SQFT
- ARRANGED OVER GROUND FLOOR
- DDA COMPLIANT
- VERSATILE PROPERTY SUITABLE FOR A VARIETY OF USES SUBJECT TO THE NECESSARY PLANNING CONSENTS
- BENEFITS FROM HIGH LEVELS OF VEHICULAR PASSING TRADE
- FREE CAR PARKING IN CLOSE