Heritable Retail Investment
Heritable Retail Investment
Leith is an affluent suburb to the north of the city of Edinburgh. The property is located on Leith Walk, the main arterial route connecting Leith with Edinburgh city centre 1.5 miles to the south. The property is situated on Leith Walk, close to its junction with Manderston Street. There is a bus stop close by. Nearby occupiers include Barnardo’s, Pizza Hut, Ladbrokes,Scotmid Co-op, William Hill, TSB Bank and Domino’s, amongst a number of local traders.
Heritable.
Leith is an affluent suburb to the north of the city of Edinburgh. The property is located on Leith Walk, the main arterial route connecting Leith with Edinburgh city centre 1.5 miles to the south. The property is situated on Leith Walk, close to its junction with Manderston Street. There is a bus stop close by. Nearby occupiers include Barnardo’s, Pizza Hut, Ladbrokes,Scotmid Co-op, William Hill, TSB Bank and Domino’s, amongst a number of local traders.
Heritable.
The property comprises a ground floor shop.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 165.1 sq m |
(1,778 sq ft) |
REMADE IN EDINBURGH (3) |
10 years from 21st March 2016 (1) on a full repairing and insuring lease |
£22,000 (2) (4) | 2026 (1) |
| Total |
£22,000 | ||||||
(1) Tenant’s option to break in 2019 and 2021 upon 6 months’ prior written notice.
(2) If break option not exercised at the 5th year, rent increases to £23,500 pa.
(3) The Edinburgh Remakery is a community repair hub and second-hand shop, set up by the Remade in Edinburgh social enterprise. (Source: www.edinburghremakery.org.uk).
(4) There is a rent deposit held of £5,500.
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