Partics Grey - Realla
For Sale 2 Craigentinny Avenue Edinburgh EH7 6PX
February, 2017
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Prominent Class 2 Unit with ATM rental income (£3,000 pa)
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Total Net Internal Area: 1,769 sq. ft. (49 sq. ft. of which sq. ft. is ATM secure room and shared entrance)
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To be sold at SVA Auction on 1 March, 2017 at the Marriot Hotel, Edinburgh
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Guide Price: £170,000
For further information or an appointment to view please contact: Lewis Pentland T: 0131 469 6017 E: [email protected] Nicola Currie T: 0131 624 6640 E: [email protected]
gva.co.uk
Location Craigentinny lies 2 miles to the east of Edinburgh City Centre. Neighbouring suburbs include Portobello and Restalrig. The property occupies a prominent position on the corner of Craigentinny Avenue and Portobello Road, a main arterial route into the city from the east. It forms part of a suburban retail parade and neighbouring tenants include RS McColls, a local hairdresser and a butchers. The surrounding area is predominantly residential in nature.
Description The property comprises a single storey building of stone construction with a flat mineral felt roof and single glazed timber framed windows. Internally the accommodation comprises an open plan area, with a separate office to the rear, two book rooms, kitchen, strong room, two small storage rooms and toilets. The property also benefits from a small fenced area lying to the south east corner of the building.
Accommodation The Net Internal Area of the unit has been measured in accordance with the RICS Code of Measuring Practice (6th Edition), at 1,769 sa ft (164.38sq m).
Planning The property has been operating as a bank; therefore we understand has Class 2 Planning Use, providing permitted change to Class 1 (Shops). Interested parties should make their own enquiries to Edinburgh City Council. Tel: 0131 529 3550 or E: [email protected].
Rateable Value The property has a current rateable value of £14,000, as listed on the Scottish Assessors website. The property may require reassessment to reflect the alterations arising from the works associated with the ATM bastion unit, and may be subject to change after the rates revaluation in April 2017.
EPC This is available on request.
Tenancy The ATM, associated secure room and access will be subject to a new lease to Royal Bank of Scotland PLC for a term of 5 years at the rent of £3,000 p.a. The lease will be subject to a three month rent free period. For the avoidance of doubt the property will require to be reassessed on entry.
Tenure Owner Vacant Possession with the exception of the ATM letting. The vacant property will be sold subject to certain restrictions preventing the following uses: Businesses involving money lending, pawnbrokers/adult sex shops, bookmakers or other gambling businesses, banks/building societies, bars/public houses, the sale of firearms and the sale of any paraphernalia associated with illegal drugs.
Leaseback to ATM The bank’s ATM will remain in situ to which the bank will be granted a Right of Access to the ATM Bastion unit for the purposes of servicing it. Upon completion of the sale a new lease will be granted to Royal Bank of Scotland Plc who will pay an annual rent of £3,000 per annum, inclusive of VAT. The tenant will be granted an initial period of 3 months’ rent free at commencement of the lease. The tenant will insure the ATM unit only. In addition, the tenant will be permitted to install a CCTV system in connection with the ATM. The tenant will remove the ATM and reinstate the property to a single unit at the end of the lease term at the landlord’s request. The lease is on standard lease terms and cannot be negotiated by the purchaser. A copy of the lease is included in the information pack and prospective purchasers are advised to familiarise themselves with this prior to bidding at the auction. Sold with vacant possession and subject to the ATM lease.
Services The Tenant will make a £300 p.a. payment, for the duration of the tenancy, to the Landlord as a contribution towards the Landlord’s utility and maintenance costs.
GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
February, 2017
•
Prominent Class 2 Unit with ATM rental income (£3,000 pa)
•
Total Net Internal Area: 1,769 sq. ft. (49 sq. ft. of which sq. ft. is ATM secure room and shared entrance)
•
To be sold at SVA Auction on 1 March, 2017 at the Marriot Hotel, Edinburgh
•
Guide Price: £170,000
For further information or an appointment to view please contact: Lewis Pentland T: 0131 469 6017 E: [email protected] Nicola Currie T: 0131 624 6640 E: [email protected]
gva.co.uk
Location Craigentinny lies 2 miles to the east of Edinburgh City Centre. Neighbouring suburbs include Portobello and Restalrig. The property occupies a prominent position on the corner of Craigentinny Avenue and Portobello Road, a main arterial route into the city from the east. It forms part of a suburban retail parade and neighbouring tenants include RS McColls, a local hairdresser and a butchers. The surrounding area is predominantly residential in nature.
Description The property comprises a single storey building of stone construction with a flat mineral felt roof and single glazed timber framed windows. Internally the accommodation comprises an open plan area, with a separate office to the rear, two book rooms, kitchen, strong room, two small storage rooms and toilets. The property also benefits from a small fenced area lying to the south east corner of the building.
Accommodation The Net Internal Area of the unit has been measured in accordance with the RICS Code of Measuring Practice (6th Edition), at 1,769 sa ft (164.38sq m).
Planning The property has been operating as a bank; therefore we understand has Class 2 Planning Use, providing permitted change to Class 1 (Shops). Interested parties should make their own enquiries to Edinburgh City Council. Tel: 0131 529 3550 or E: [email protected].
Rateable Value The property has a current rateable value of £14,000, as listed on the Scottish Assessors website. The property may require reassessment to reflect the alterations arising from the works associated with the ATM bastion unit, and may be subject to change after the rates revaluation in April 2017.
EPC This is available on request.
Tenancy The ATM, associated secure room and access will be subject to a new lease to Royal Bank of Scotland PLC for a term of 5 years at the rent of £3,000 p.a. The lease will be subject to a three month rent free period. For the avoidance of doubt the property will require to be reassessed on entry.
Tenure Owner Vacant Possession with the exception of the ATM letting. The vacant property will be sold subject to certain restrictions preventing the following uses: Businesses involving money lending, pawnbrokers/adult sex shops, bookmakers or other gambling businesses, banks/building societies, bars/public houses, the sale of firearms and the sale of any paraphernalia associated with illegal drugs.
Leaseback to ATM The bank’s ATM will remain in situ to which the bank will be granted a Right of Access to the ATM Bastion unit for the purposes of servicing it. Upon completion of the sale a new lease will be granted to Royal Bank of Scotland Plc who will pay an annual rent of £3,000 per annum, inclusive of VAT. The tenant will be granted an initial period of 3 months’ rent free at commencement of the lease. The tenant will insure the ATM unit only. In addition, the tenant will be permitted to install a CCTV system in connection with the ATM. The tenant will remove the ATM and reinstate the property to a single unit at the end of the lease term at the landlord’s request. The lease is on standard lease terms and cannot be negotiated by the purchaser. A copy of the lease is included in the information pack and prospective purchasers are advised to familiarise themselves with this prior to bidding at the auction. Sold with vacant possession and subject to the ATM lease.
Services The Tenant will make a £300 p.a. payment, for the duration of the tenancy, to the Landlord as a contribution towards the Landlord’s utility and maintenance costs.
GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
