Heritable Retail Investment
Heritable Retail Investment
Corstorphine is a predominantly residential suburb located 3 miles west of Edinburgh city centre, 10 miles east of Livingstone and 47 miles east of Glasgow. Corstorphine is located on the A8 St John’s Road with Edinburgh Airport 3 miles to the west, Murrayfield Stadium 1.5 miles to the south-east and Edinburgh Zoo 0.5 miles to the east. The property is located in a mixed residential/commercial area on St John’s Road (A8), at its junction with Belgrave Terrace and nearby occupiers include.Costa, Sainsbury’s, Subway, Greggs, TSB and Nationwide.
Heritable.
Corstorphine is a predominantly residential suburb located 3 miles west of Edinburgh city centre, 10 miles east of Livingstone and 47 miles east of Glasgow. Corstorphine is located on the A8 St John’s Road with Edinburgh Airport 3 miles to the west, Murrayfield Stadium 1.5 miles to the south-east and Edinburgh Zoo 0.5 miles to the east. The property is located in a mixed residential/commercial area on St John’s Road (A8), at its junction with Belgrave Terrace and nearby occupiers include.Costa, Sainsbury’s, Subway, Greggs, TSB and Nationwide.
Heritable.
The property comprises a ground floor dental surgery.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk.
The property comprises a ground floor dental surgery.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 125 sq m |
(1,345 sq ft) |
VERMILION – THE SMILE EXPERTS LIMITED (2) |
10 years from 2018 on a full repairing and insuring lease subject to a schedule of condition (1) |
£26,500 (1) | 2023 |
| Total |
125 sq m |
(1,345 sq ft) |
£26,500 | ||||
(1) Terms for a new 10 year lease have been agreed and are currently in solicitors hands, due to complete imminently. Tenants will have an option to determine in the 5th year upon 6 months’ notice and a rent free period of 3 months and 10 weeks. The seller will adjust the completion monies so that the unit effectively produces £26,500 per annum from completion of the sale.
(2) Private dental referral clinics with sites in Edinburgh and Kelso (Source : www.vermilion.co.uk).
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