138-140 Lothian Road, Edinburgh
For Sale Retail Investment 138 & 14 0 Lo thian Ro ad E di nburg h EH 3 9 BQ
Prime Retail Location part of the Financial District Let to Futon Company and Pure Spa & Beauty Various Asset Management opportunities VAT free investment Combined Rent of £47,000 per annum Offers in excess of £600,000 (Net Initial Yield of 7.48% assuming standard purchasers costs)
DUN DA S
ES
ST
Location CR
A900
ST
ER
LN
CE
ST
HILL
ST UNG
TLE
A9
GEO
RGE
ST L
E ST
0
ST
WAV E R L E Y STAT I O N
EET
MA
S COT T I S H N AT I O N A L G A L L E RY
RKE
T ST
THE
KI
A
ST
RR
AB
LE
S
RD
ST
A GR
TER
R
MA
SS
RK
ET
W LE ON
TO N
AR
A 70 2
G
TO
N
TE
P
NEWINGTON RD
O
GE
NT
R
S
AV
E ST
PA
RK
N
RAN
RD RD
E
For more information on our products and services:
TH
PL
MI
ONT RD
A R D E N ST
ER
PA
TO
SW O O D
PL
E
S P OT T I
AC
H
MARCHM
RR
RT
LI
N
PE
TO
M
RK
0 A7
IN
NT
IS
IS
TE
Copyright and confidentiality Experian, 2016. © Crown
Experian Goad Plan Created: 26/02/2016 Created By: Graham Sibbald
www.experian.co.uk/goad | [email protected] | 0845 601 6011 copyright and database rights 2016. OS 100019885 The property comprise two adjacent retail units situated in ST TO N a mid terraced ground,E Pbasement plus four storey steel framed Art RES Deco building dating to circa 1935. The construction style of the building shows the retail spaces are generous D A and well configured L EI in comparison to more traditional tenemental Ktype properties.
T KS
AM
FO
SCIENNES R D
H AT TO N
ER
LE
EW
O
CH
H
M
ER
RT
CH
A LW
NS
ER
PO
GD
M
E LV I L B RU N TS F I EL half D LIN L E DCity approximately a KS mile to the south of Edinburgh Centre R within a mixed commercial and residential locality. Commercial occupiers include Superdrug, Costa Coffee, TSB, William Hill, Jones, Scotmid, Philpotts, Greggs and Subway.
L SC
50 metres
VI
M
M
RK
Description
PA
T H E M EA D OWS
OD
K I N G’S T H E AT R E
E
M The subjects are situated on the west side I L of Lothian Road within G that section of the street bounded by Bread Street to the North and Fountainbridge to the South. Lothian Road forms part of one of the main arterial routes into Edinburgh City Centre from the south E S high vehicular and pedestrian footfall. The subjects lie benefiting from CR A
T SS
CE
S
H
RE
PLA
G EO R G E SQUA R E
DEN
RT
O
PL
AC
ORE
PL HRIN
D’
GAR
GILM
ST
RIS
EE
R
RO THE UNIVERSITY OF EDINBURGH
L AU
ST
ES
ND
FO
W
T
DU
EW
Situation ES
A
ST
FFE ER O
ER
LE
CR
T ES
LO C
D
UND
NCE
TT
G E O R G E H E R I OT ' S SCHOOL
138-140 Lothian Road
MP
ENE R’S
OV
AC
PO
SE
RD
GR
RO
A
VI
PP
RO
ST BER AM F E ST I VA L T H E AT R E
N AT I O N A L M U S E U M O F S COT L A N D
B R E A D ST R E E T
F O U NTAINB R ID G E
H
CH
PLEASA
LYC E U M T H E AT R E
ON
GE
JOHN
RID IV B
0
GA
H AY M A R K E T STAT I O N
LE
PL
B 70
ST
N
A8
’S
TE
OA D IAN R
O
LOT H
ST
I CC
A8
NG
DYNAMIC EARTH RD D OO R Y OL
ST
C
PL
ER
LL
S
H
E
RGE
R
LM
O
RE
Y’S AR
O
PA
H AT
C
GEO
AN
CASTLE
MI L
M ST
E
M
E DINBURGH
AL ROY
HO
VI EL
R S ST
ST
M
NCE
G RID TH B
AY
E LL
PRI
NOR
ES
ST
SCOTTISH PARLIMENT BUILDING
NEW
ST
TH RO
PL
N
A1 A1
R ST
YO
P AT H
PLA
THI
OV E
A
N
YN
CAS
DE
ALB
EET
RO
ACE
TR EN S
HAN
ERR
QUE
138-140 Lothian Road Edinburgh
REGENT GARDENS
CALTON HILL
LY
RK
PA
D
CE
EA
B
OU
E ST
GL
NT
H OW
Edinburgh is the capital of Scotland and home to the Scottish Parliament the second largest financial centre within the UK outside London. whilst also boasting a resident population of some 480,000 persons The population of Edinburgh swells during the summer months as with the working population benefitting from above national average a direct result of the cultural and sporting activities hosted by the earnings to the Abenefit of local businesses. Edinburgh remains a popular City, with a number of further educational establishments further 90 W S COT T I S H N AT I O N A L T RO E R RY R D ERIO Q U E E N S F destination from a living and tourist viewpoint, and retains its stature Has providing a draw to PScotland’s O R T R A I T Gcapital A L L E RYcity.
138 Lothian Road
140 Lothian Road
Accommodation and Areas* Net Internal Area: Reduced Floor Area:
176.17 sq m / 1,896 sq ft 970 sq ft
Net Internal Area: Reduced Floor Area:
133.06 sq m / 1,432 sq ft 881 sq ft
Tenancy LAND LO RD
Town and County Nominees Limited
L AND L ORD
Town and County Nominees Limited
TE NAN T
The Nail and Beauty Zone Limited (T/A Pure Spa & Beauty)
TENANT
Futon Limited
LE AS E T E RM
15 years (1 year 3 months remaining)
L EAS E TERM
10 years (5 years month remaining)
DATE O F E N T RY
6th June 2002
D ATE OF ENTRY
15th April 2011
DATE O F E X P I RY
5th June 2017
D ATE OF EXP IRY
14th April 2021
R E NT RE V I E W
5 yearly review periods upwards only to market value
RENT REVIE W
5 yearly review periods upwards only to market value
R E NT
£28,000 per annum (paid monthly in advance)
RENT
£19,000 per annum (New Scottish Quarterly in advance)
ALIE N AT I O N
Sub-let or assignation in whole only but not in part, subject to landlords consent, said consent not to be unreasonably withheld and the Tenant must be of a sound financial standing.
AL IENATION
Sub-let or assignation in whole only but not in part, subject to landlords consent, said consent not to be unreasonably withheld and the Tenant must be of a sound financial standing.
R E PAIR
Full Repairing and Insuring
REPAIR
Full Repairing and Insuring (subject to a photographic schedule of condition)
USE
Use Class 1 in terms of the Town & Country Planning (Use Classes) (Scotland) Order 1997 and not to use or permit the premises for use otherwise than as a retail outlet dealing in beauty products & beauty treatments.
TENANT B RE AK
15th April 2016 (6 months prior written notice).
US E
Use Class 1 in terms of the Town & Country Planning (Use Classes) (Scotland) Order 1997.
Tenant Covenant The Nail and Beauty Zone Limited (T/A Pure Spa & Beauty)
Futon Limited
The Nail and Beauty Zone Limited have a Dun & Bradstreet Rating of A2 which represents a moderately low probability of business failure. Turnover is currently £587,265.
Futon Limited has a Dun & Bradstreet Rating of A2 which represents a low probability of business failure. The business currently has a tangible net worth of £580,178 based on an annual turnover of £7,816,656.
Tenure Heritable (Scottish equivalent of English Freehold).
Investment Proposal We are requested to invite offers in excess of £600,000 (SIX HUNDRED THOUSAND POUNDS STERLING) which represents a net initial yield of 7.48% after standard purchaser’s costs.
EPC Available upon request.
For Further Information Keith Watters BSc MRICS Partner
David Matthews MRICS Partner
T: 0131 240 5311 E: [email protected]
T: 0131 550 3779 E: [email protected]
Graeme Millar BSc MRICS Investment Surveyor T: 0131 240 5311 E: [email protected]
The Agents for themselves and for the vendors are lessors of this property whose agents they are, give notice that: (1) The particulars are produced in good faith, are set out as a general guide only and do not constitute part of a contract. Intending purchasers or tenants must satisfy themselves independently as to the accuracy of all matters on which they intend to rely. (2) No person in the employment of The Agents has any authority to make or give any representation warranty whatsoever in relation to this property. (3) The images, floorplans, dimensions and floor areas in the brochure are indicative only. March 2016
Prime Retail Location part of the Financial District Let to Futon Company and Pure Spa & Beauty Various Asset Management opportunities VAT free investment Combined Rent of £47,000 per annum Offers in excess of £600,000 (Net Initial Yield of 7.48% assuming standard purchasers costs)
DUN DA S
ES
ST
Location CR
A900
ST
ER
LN
CE
ST
HILL
ST UNG
TLE
A9
GEO
RGE
ST L
E ST
0
ST
WAV E R L E Y STAT I O N
EET
MA
S COT T I S H N AT I O N A L G A L L E RY
RKE
T ST
THE
KI
A
ST
RR
AB
LE
S
RD
ST
A GR
TER
R
MA
SS
RK
ET
W LE ON
TO N
AR
A 70 2
G
TO
N
TE
P
NEWINGTON RD
O
GE
NT
R
S
AV
E ST
PA
RK
N
RAN
RD RD
E
For more information on our products and services:
TH
PL
MI
ONT RD
A R D E N ST
ER
PA
TO
SW O O D
PL
E
S P OT T I
AC
H
MARCHM
RR
RT
LI
N
PE
TO
M
RK
0 A7
IN
NT
IS
IS
TE
Copyright and confidentiality Experian, 2016. © Crown
Experian Goad Plan Created: 26/02/2016 Created By: Graham Sibbald
www.experian.co.uk/goad | [email protected] | 0845 601 6011 copyright and database rights 2016. OS 100019885 The property comprise two adjacent retail units situated in ST TO N a mid terraced ground,E Pbasement plus four storey steel framed Art RES Deco building dating to circa 1935. The construction style of the building shows the retail spaces are generous D A and well configured L EI in comparison to more traditional tenemental Ktype properties.
T KS
AM
FO
SCIENNES R D
H AT TO N
ER
LE
EW
O
CH
H
M
ER
RT
CH
A LW
NS
ER
PO
GD
M
E LV I L B RU N TS F I EL half D LIN L E DCity approximately a KS mile to the south of Edinburgh Centre R within a mixed commercial and residential locality. Commercial occupiers include Superdrug, Costa Coffee, TSB, William Hill, Jones, Scotmid, Philpotts, Greggs and Subway.
L SC
50 metres
VI
M
M
RK
Description
PA
T H E M EA D OWS
OD
K I N G’S T H E AT R E
E
M The subjects are situated on the west side I L of Lothian Road within G that section of the street bounded by Bread Street to the North and Fountainbridge to the South. Lothian Road forms part of one of the main arterial routes into Edinburgh City Centre from the south E S high vehicular and pedestrian footfall. The subjects lie benefiting from CR A
T SS
CE
S
H
RE
PLA
G EO R G E SQUA R E
DEN
RT
O
PL
AC
ORE
PL HRIN
D’
GAR
GILM
ST
RIS
EE
R
RO THE UNIVERSITY OF EDINBURGH
L AU
ST
ES
ND
FO
W
T
DU
EW
Situation ES
A
ST
FFE ER O
ER
LE
CR
T ES
LO C
D
UND
NCE
TT
G E O R G E H E R I OT ' S SCHOOL
138-140 Lothian Road
MP
ENE R’S
OV
AC
PO
SE
RD
GR
RO
A
VI
PP
RO
ST BER AM F E ST I VA L T H E AT R E
N AT I O N A L M U S E U M O F S COT L A N D
B R E A D ST R E E T
F O U NTAINB R ID G E
H
CH
PLEASA
LYC E U M T H E AT R E
ON
GE
JOHN
RID IV B
0
GA
H AY M A R K E T STAT I O N
LE
PL
B 70
ST
N
A8
’S
TE
OA D IAN R
O
LOT H
ST
I CC
A8
NG
DYNAMIC EARTH RD D OO R Y OL
ST
C
PL
ER
LL
S
H
E
RGE
R
LM
O
RE
Y’S AR
O
PA
H AT
C
GEO
AN
CASTLE
MI L
M ST
E
M
E DINBURGH
AL ROY
HO
VI EL
R S ST
ST
M
NCE
G RID TH B
AY
E LL
PRI
NOR
ES
ST
SCOTTISH PARLIMENT BUILDING
NEW
ST
TH RO
PL
N
A1 A1
R ST
YO
P AT H
PLA
THI
OV E
A
N
YN
CAS
DE
ALB
EET
RO
ACE
TR EN S
HAN
ERR
QUE
138-140 Lothian Road Edinburgh
REGENT GARDENS
CALTON HILL
LY
RK
PA
D
CE
EA
B
OU
E ST
GL
NT
H OW
Edinburgh is the capital of Scotland and home to the Scottish Parliament the second largest financial centre within the UK outside London. whilst also boasting a resident population of some 480,000 persons The population of Edinburgh swells during the summer months as with the working population benefitting from above national average a direct result of the cultural and sporting activities hosted by the earnings to the Abenefit of local businesses. Edinburgh remains a popular City, with a number of further educational establishments further 90 W S COT T I S H N AT I O N A L T RO E R RY R D ERIO Q U E E N S F destination from a living and tourist viewpoint, and retains its stature Has providing a draw to PScotland’s O R T R A I T Gcapital A L L E RYcity.
138 Lothian Road
140 Lothian Road
Accommodation and Areas* Net Internal Area: Reduced Floor Area:
176.17 sq m / 1,896 sq ft 970 sq ft
Net Internal Area: Reduced Floor Area:
133.06 sq m / 1,432 sq ft 881 sq ft
Tenancy LAND LO RD
Town and County Nominees Limited
L AND L ORD
Town and County Nominees Limited
TE NAN T
The Nail and Beauty Zone Limited (T/A Pure Spa & Beauty)
TENANT
Futon Limited
LE AS E T E RM
15 years (1 year 3 months remaining)
L EAS E TERM
10 years (5 years month remaining)
DATE O F E N T RY
6th June 2002
D ATE OF ENTRY
15th April 2011
DATE O F E X P I RY
5th June 2017
D ATE OF EXP IRY
14th April 2021
R E NT RE V I E W
5 yearly review periods upwards only to market value
RENT REVIE W
5 yearly review periods upwards only to market value
R E NT
£28,000 per annum (paid monthly in advance)
RENT
£19,000 per annum (New Scottish Quarterly in advance)
ALIE N AT I O N
Sub-let or assignation in whole only but not in part, subject to landlords consent, said consent not to be unreasonably withheld and the Tenant must be of a sound financial standing.
AL IENATION
Sub-let or assignation in whole only but not in part, subject to landlords consent, said consent not to be unreasonably withheld and the Tenant must be of a sound financial standing.
R E PAIR
Full Repairing and Insuring
REPAIR
Full Repairing and Insuring (subject to a photographic schedule of condition)
USE
Use Class 1 in terms of the Town & Country Planning (Use Classes) (Scotland) Order 1997 and not to use or permit the premises for use otherwise than as a retail outlet dealing in beauty products & beauty treatments.
TENANT B RE AK
15th April 2016 (6 months prior written notice).
US E
Use Class 1 in terms of the Town & Country Planning (Use Classes) (Scotland) Order 1997.
Tenant Covenant The Nail and Beauty Zone Limited (T/A Pure Spa & Beauty)
Futon Limited
The Nail and Beauty Zone Limited have a Dun & Bradstreet Rating of A2 which represents a moderately low probability of business failure. Turnover is currently £587,265.
Futon Limited has a Dun & Bradstreet Rating of A2 which represents a low probability of business failure. The business currently has a tangible net worth of £580,178 based on an annual turnover of £7,816,656.
Tenure Heritable (Scottish equivalent of English Freehold).
Investment Proposal We are requested to invite offers in excess of £600,000 (SIX HUNDRED THOUSAND POUNDS STERLING) which represents a net initial yield of 7.48% after standard purchaser’s costs.
EPC Available upon request.
For Further Information Keith Watters BSc MRICS Partner
David Matthews MRICS Partner
T: 0131 240 5311 E: [email protected]
T: 0131 550 3779 E: [email protected]
Graeme Millar BSc MRICS Investment Surveyor T: 0131 240 5311 E: [email protected]
The Agents for themselves and for the vendors are lessors of this property whose agents they are, give notice that: (1) The particulars are produced in good faith, are set out as a general guide only and do not constitute part of a contract. Intending purchasers or tenants must satisfy themselves independently as to the accuracy of all matters on which they intend to rely. (2) No person in the employment of The Agents has any authority to make or give any representation warranty whatsoever in relation to this property. (3) The images, floorplans, dimensions and floor areas in the brochure are indicative only. March 2016
