Highly prominent Trade Counter
London Road is situated approximately 1.5 miles from Edinburgh city centre and provides one of the main arterial routes connecting the city centre with the east of Edinburgh including Portobello, Musselburgh and East Lothian beyond. It lies in close proximity to the city of Edinburgh Bypass and benefits from substantial vehicular flows throughout the day.
The subjects occupy a highly prominent main road facing position on the A1 trunk road on the south side of London Road, opposite Meadowbank Stadium which is currently under redevelopment. This popular roadside position houses a number of residential and student flats. The unit is also located close to the junction with Meadowbank Retail Park which houses retailers such as Sainsburys, TK Maxx, M&S Outlet, B&M Home Store, Poundland and Lloyds Pharmacy. Adjacent to the subjects is a highly popular McDonalds Drive Thru.
The subjects are available on a new full repairing and insuring lease for a minimum term of 10 years incorporating an upward only review in the 5th year of occupation.
By arrangement but entry will be available in February 2021. EPC available on request.
The premises comprise a single storey showroom/workshop with drive up car parking located directly off London Road. The subjects benefit from additional hard standing/car parking to the rear of the subjects extending to circa one-third of an acre. The unit is currently split to form a front trade showroom area with ancillary office accommodation with a workshop to the rear which is accessed internally but also with the benefit of a side lane and roller shutter door. The unit also has the benefit of a mezzanine level which could be used for a variety of different purposes by individual occupiers.
We calculate the unit extends to the following approximate gross internal areas:
GIA: 4,334 sq ft / 402.64 sqm
Rental offers in excess of £70,000 pa exclusive are invited.
Rateable Value: £47,200
UBR (2020/21) £0.498
Rates Payable: £23,505 pa
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax
(LBTT), registration dues and any VAT payable thereon.
Published October 2020
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.