retail unit to let - Graham + Sibbald
TO LET RETAIL UNIT
38 JOHN STREET PENICUIK, EH26 8AB CONTACT: Graham & Sibbald 11 Manor Place, EDINBURGH, EH3 7DL Tel: +44 (0)131 240 5311 Fax: +44 (0)131 226 1284 Email: [email protected]
• CLASS 1 RETAIL UNIT • LOCATED WITHIN A PROMINENT PEDESTRIANISED SHOPPING DISTRICT • REDUCED FLOOR AREA 63.73 SQ M (686 SQ FT)
38 JOHN STREET, PENICUIK RETAIL UNIT LOCATION: The subjects are situated within the Midlothian Town of Penicuik which is located approximately 4 miles South of Edinburgh and approximately 10 miles South of Edinburgh City Centre.
Penicuik has an approximate population of 17,000 people and the current pedestrianised shopping thoroughfare of John Street has recently benefitted from high retail demand with Lidl and The Original Factory Shop recently acquiring units within walking distance of the premises. More precisely the subjects are located on the North West side of John Street with surrounding occupiers being of a national and local covenant strength, most notably Oxfam, Lloyds Pharmacy, Greggs, Mackay’s and Optical Express The exact location of the property can be highlighted in the OS extract below.
Internally the subjects are split by way of a stud partition wall separating the front sales space with the storage, kitchen and WC facilities located to the rear. There is a rear access door leading directly out to Jackson Street which provides parking for the retail promenade as well as access to the unit for deliveries.
ACCOMMODATION: We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition and we have calculated the following reduced floor area:TOTAL:
63.73 sq m
(686 sq ft)
RATEABLE VALUE According to the Scottish Assessors Association website (www.saa.gov.uk) the subjects have a ratable value of £10,300 whilst the uniform business trade is presently set at 0.426. Under the small business rates relief scheme this property qualifies for 50% off the rateable value until April 2012. RENT: Offers in the region of £14,000 per annum are invited for the benefit of the leasehold interest.
TOWN PLANNING We understand the subjects benefit from use Class 1 in terms of the Town and Country Planning (Use Classes) (Scotland) Order 1997. VAT: Unless otherwise stated, all prices quoted are exclusive of VAT. The ingoing tenant must satisfy themselves independently as the residence VAT in respect of any transactions.
LEGAL EXPENSES Each party to bear their own legal expenses, however, the ingoing tenant will be responsible for stamp duty and registration dues incurred in connection with this transaction. VIEWING: Viewing is strictly by appointment only through the sole letting agents, Messrs Graham + Sibbald, 11 Manor Place, Edinburgh, EH3 7DL, Tel: 0131 – 240 5311, Fax: 0131 – 226 1284. CONTACT: Ross Wilson Direct Dial: 0131 240 5318 Email: [email protected] Graeme Millar Direct Dial: 0131 240 5290 Email: [email protected] DESCRIPTION: The subjects comprise of a 2 storey mid terraced ground floor retail unit, presumably held under a pitch and slated roof. The property benefits from a large double display window with access being gained via a double aluminium double glazed pedestrian door.
DATE OF PUBLICATION: June 2011
IMPORTANT NOTICE
WITH OFFICES IN:
•
ABERDEEN
•
GLASGOW
•
PAISLEY
•
DUNDEE
•
HAMILTON
•
PERTH
•
DUNFERMLINE
•
INVERNESS
•
STIRLING
•
EDINBURGH
•
KILMARNOCK
•
WEYBRIDGE
•
FALKIRK
•
KIRKCALDY
Please read carefully 1.These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client’s Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.
38 JOHN STREET PENICUIK, EH26 8AB CONTACT: Graham & Sibbald 11 Manor Place, EDINBURGH, EH3 7DL Tel: +44 (0)131 240 5311 Fax: +44 (0)131 226 1284 Email: [email protected]
• CLASS 1 RETAIL UNIT • LOCATED WITHIN A PROMINENT PEDESTRIANISED SHOPPING DISTRICT • REDUCED FLOOR AREA 63.73 SQ M (686 SQ FT)
38 JOHN STREET, PENICUIK RETAIL UNIT LOCATION: The subjects are situated within the Midlothian Town of Penicuik which is located approximately 4 miles South of Edinburgh and approximately 10 miles South of Edinburgh City Centre.
Penicuik has an approximate population of 17,000 people and the current pedestrianised shopping thoroughfare of John Street has recently benefitted from high retail demand with Lidl and The Original Factory Shop recently acquiring units within walking distance of the premises. More precisely the subjects are located on the North West side of John Street with surrounding occupiers being of a national and local covenant strength, most notably Oxfam, Lloyds Pharmacy, Greggs, Mackay’s and Optical Express The exact location of the property can be highlighted in the OS extract below.
Internally the subjects are split by way of a stud partition wall separating the front sales space with the storage, kitchen and WC facilities located to the rear. There is a rear access door leading directly out to Jackson Street which provides parking for the retail promenade as well as access to the unit for deliveries.
ACCOMMODATION: We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition and we have calculated the following reduced floor area:TOTAL:
63.73 sq m
(686 sq ft)
RATEABLE VALUE According to the Scottish Assessors Association website (www.saa.gov.uk) the subjects have a ratable value of £10,300 whilst the uniform business trade is presently set at 0.426. Under the small business rates relief scheme this property qualifies for 50% off the rateable value until April 2012. RENT: Offers in the region of £14,000 per annum are invited for the benefit of the leasehold interest.
TOWN PLANNING We understand the subjects benefit from use Class 1 in terms of the Town and Country Planning (Use Classes) (Scotland) Order 1997. VAT: Unless otherwise stated, all prices quoted are exclusive of VAT. The ingoing tenant must satisfy themselves independently as the residence VAT in respect of any transactions.
LEGAL EXPENSES Each party to bear their own legal expenses, however, the ingoing tenant will be responsible for stamp duty and registration dues incurred in connection with this transaction. VIEWING: Viewing is strictly by appointment only through the sole letting agents, Messrs Graham + Sibbald, 11 Manor Place, Edinburgh, EH3 7DL, Tel: 0131 – 240 5311, Fax: 0131 – 226 1284. CONTACT: Ross Wilson Direct Dial: 0131 240 5318 Email: [email protected] Graeme Millar Direct Dial: 0131 240 5290 Email: [email protected] DESCRIPTION: The subjects comprise of a 2 storey mid terraced ground floor retail unit, presumably held under a pitch and slated roof. The property benefits from a large double display window with access being gained via a double aluminium double glazed pedestrian door.
DATE OF PUBLICATION: June 2011
IMPORTANT NOTICE
WITH OFFICES IN:
•
ABERDEEN
•
GLASGOW
•
PAISLEY
•
DUNDEE
•
HAMILTON
•
PERTH
•
DUNFERMLINE
•
INVERNESS
•
STIRLING
•
EDINBURGH
•
KILMARNOCK
•
WEYBRIDGE
•
FALKIRK
•
KIRKCALDY
Please read carefully 1.These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client’s Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.
