61 London Road Edinburgh EH7 6AA - AWS
TO LET / FOR SALE – 4,160 SQ FT APPROX. +35 CAR SPACES WITH REDEVELOPMENT POTENTIAL (SUBJECT TO PLANNING CONSENT)
61 LONDON ROAD, EDINBURGH, EH7 6AA
Site area – 0.47 acres (0.19 hectares) approx. Standalone property with substantial car parking. Main road position (A1). Adjacent to McDonald’s drive-thru and Ashley Kitchens, Bedrooms and Bathrooms. Suitable for a variety of uses Redevelopment potential (perhaps in conjunction with adjoining properties) for residential or student accommodation use.
CONTACT US Viewing is strictly by prior appointment with Colliers International, through: Bob Fisher Retail Scotland Out of Town +44 131 240 7522 [email protected]
61 London Road Edinburgh EH7 6AA
Colliers International 1 Exchange Crescent Conference Square Edinburgh EH3 8AN +44 131 240 7500 www.colliers.com/uk/retail
LOCATION
DEVELOPMENT POTENTIAL
London Road which is situated approximately 1.5 miles from Edinburgh city centre connects the city centre with the east of Edinburgh including Portobello, Musselburgh and the city bypass. A location plan is attached.
It is considered that the property has development potential, particularly for residential or student accommodation use.
LEGAL COSTS
SITUATION The premises are situated in a main road position on the A1 trunk road, on the south side of London Road, opposite Meadowbank Stadium. Nearby occupiers include McDonald’s, Ashley Ann Kitchens, Bedrooms and Bathrooms, and Arc Car Wash (planning application lodged for redevelopment for residential use).
Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt the incoming tenant will be responsible for Land and Buildings Transaction Tax (LBTT) registration dues and any VAT payable thereon.
ENTRY
DESCRIPTION
From April 2018.
The premises comprise a single storey unit previously occupied by Boots Opticians and Ultralase with approximately 35 car spaces. The property is entered directly from London Road.
ENERGY PERFORMANCE CERTIFICATE
ACCOMMODATION
EPC Rating – D. A copy of the EPC and Recommendation Report can be
The main dimensions are as follows; Site Area Gross internal area
0.47 acres (0.19 hectares) approx. 4,162 sq ft (366.63 sq m) approx.
RATING ASSESSMENT The premises are entered into the 2017 Valuation Roll as follows;
61A London Road – Boots - £18,500 61B London Road – Ultralase - £28,900 Commercial Rate Poundage - £0.466 (Exclusive of water and sewerage rates)
25% relief is available if more than one business property with a combined rateable value between £18,001 and £35,000 is operated.
PLANNING The property is occupied on the basis of a planning consent granted in June 2007 which regulated a change of use from opticians/retail unit to provide a new vision correction clinic.
provided upon request.
OFFERS Offers to lease on a full repairing and insuring lease basis with upward only rent review provisions will be considered as will offers to purchase on an existing use or subject to planning basis.
VAT Unless otherwise stated all prices and rents are quoted exclusive of Value Added Tax (VAT). The property is elected for VAT which will be due on rent or purchase payments.
VIEWING AND FURTHER INFORMATION Strictly by appointment through the letting agent; Bob Fisher Tel : 0131 240 7522 Email : [email protected]
It is considered that planning consent could be forthcoming for retail or fast food/drive thru restaurant use subject to any purchaser making their own enquiries.
Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 17/01/2018 Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.
61 LONDON ROAD, EDINBURGH, EH7 6AA
Site area – 0.47 acres (0.19 hectares) approx. Standalone property with substantial car parking. Main road position (A1). Adjacent to McDonald’s drive-thru and Ashley Kitchens, Bedrooms and Bathrooms. Suitable for a variety of uses Redevelopment potential (perhaps in conjunction with adjoining properties) for residential or student accommodation use.
CONTACT US Viewing is strictly by prior appointment with Colliers International, through: Bob Fisher Retail Scotland Out of Town +44 131 240 7522 [email protected]
61 London Road Edinburgh EH7 6AA
Colliers International 1 Exchange Crescent Conference Square Edinburgh EH3 8AN +44 131 240 7500 www.colliers.com/uk/retail
LOCATION
DEVELOPMENT POTENTIAL
London Road which is situated approximately 1.5 miles from Edinburgh city centre connects the city centre with the east of Edinburgh including Portobello, Musselburgh and the city bypass. A location plan is attached.
It is considered that the property has development potential, particularly for residential or student accommodation use.
LEGAL COSTS
SITUATION The premises are situated in a main road position on the A1 trunk road, on the south side of London Road, opposite Meadowbank Stadium. Nearby occupiers include McDonald’s, Ashley Ann Kitchens, Bedrooms and Bathrooms, and Arc Car Wash (planning application lodged for redevelopment for residential use).
Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt the incoming tenant will be responsible for Land and Buildings Transaction Tax (LBTT) registration dues and any VAT payable thereon.
ENTRY
DESCRIPTION
From April 2018.
The premises comprise a single storey unit previously occupied by Boots Opticians and Ultralase with approximately 35 car spaces. The property is entered directly from London Road.
ENERGY PERFORMANCE CERTIFICATE
ACCOMMODATION
EPC Rating – D. A copy of the EPC and Recommendation Report can be
The main dimensions are as follows; Site Area Gross internal area
0.47 acres (0.19 hectares) approx. 4,162 sq ft (366.63 sq m) approx.
RATING ASSESSMENT The premises are entered into the 2017 Valuation Roll as follows;
61A London Road – Boots - £18,500 61B London Road – Ultralase - £28,900 Commercial Rate Poundage - £0.466 (Exclusive of water and sewerage rates)
25% relief is available if more than one business property with a combined rateable value between £18,001 and £35,000 is operated.
PLANNING The property is occupied on the basis of a planning consent granted in June 2007 which regulated a change of use from opticians/retail unit to provide a new vision correction clinic.
provided upon request.
OFFERS Offers to lease on a full repairing and insuring lease basis with upward only rent review provisions will be considered as will offers to purchase on an existing use or subject to planning basis.
VAT Unless otherwise stated all prices and rents are quoted exclusive of Value Added Tax (VAT). The property is elected for VAT which will be due on rent or purchase payments.
VIEWING AND FURTHER INFORMATION Strictly by appointment through the letting agent; Bob Fisher Tel : 0131 240 7522 Email : [email protected]
It is considered that planning consent could be forthcoming for retail or fast food/drive thru restaurant use subject to any purchaser making their own enquiries.
Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 17/01/2018 Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.
