Offers are invited from interested parties to bid for plots 1 or 2 of The Vennel or submit an offer for the whole of the development site.
Location
The development site is located within the heart of the popular historic town and Royal Burgh of Linlithgow, West Lothian. Linlithgow is centrally located between Glasgow and Edinburgh and has excellent road and rail links to both cities. It is situated close to the M9 corridor and has a well-established railway station with frequent services to both Edinburgh and Glasgow. The site itself is situated within the bustling town centre in an area known as “The Vennel” which is situated within a mixed-use area with office, retail and parking facilities. The Vennel lies between the busy High Street and the picturesque Linlithgow Loch. Also situated close by are the historic ruins and popular tourist destination of Linlithgow Palace, which are surrounded by the Peel and Royal Parks.
The Vennel is situated within a historic part of the town set within a conservation area and any redevelopment proposal will need to be sympathetic to the existing character, history and have consideration to the existing services and facilities already situated within The Vennel.
Accommodation
Plot 1 approximately 0.28 hectares (06. 9 acres) and comprises a former library, now used as a community hub, former public conveniences a parade of three retail units as well as open space and public walkways. Please note that although the library and retail units are currently let, most leases contain a redevelopment clause, subject to 3 months’ notice, and those that don’t, expire in early 2025.
Plot 2 is approximately 0.33 hectares (08. 1 acres) and comprises a public car park, situated on two levels and offers approximately 98 parking spaces on the upper floor and a terrace of eleven lock-up garages on the lower floor. The car park is owned by West Lothian Council but is operated by a third party on commercial lease terms. The current lease runs for 10 years from 1 August 2020 and contains a redevelopment clause which can be triggered after the fifth anniversary of the date of entry subject to six months’ notice. Please note that the current level of parking provision should be maintained under any redevelopment proposals.
Terms
- Offers should reflect of the Planning Guidance and should consider the requirements of the existing occupiers.
- Please note that the content of any bidder may be discussed with local community groups.
- The heritable interest in the property along with the existing leasehold interests will be sold subject
- to existing planning, highways and title restrictions.
- The contract may contain such reservations, burdens and conditions, as the Council’s legal advisors may consider necessary for the protection of its interests.
- Offers will be subject to planning permission. An application should be submitted within reasonable timescales which will be agreed between the parties.
- Each party will be responsible for their own legal costs.
- The purchaser will be responsible for the payment of any Stamp Duty Land Tax.
- The Council reserves the right to charge VAT on the purchase price if applicable.