The subjects occupy a prominent position within Sighthill Industrial Estate bounded by Bankhead Medway to the north, Bankhead Avenue to the east, Bankhead Terrace to the south and Bankhead Place to the west. The site extends to approximately 0.89 hectares (2.20 acres) and is broadly rectangular in shape.
The subjects comprise a purpose built industrial unit of steel portal frame construction which provides good quality warehouse accommodation, currently used as a furniture shop, auction house, restaurant and storage area. Additional office/storage accommodation is provided on the first floor.
Further buildings have been constructed on the site. To the west accessed from Bankhead Medway is a standalone high bay warehouse of steel portal frame construction (let to EFI Furniture). Adjoining this warehouse is a two-storey office building providing further storage.
Finally, a standalone warehouse accessed from Bankhead Terrace provides additional secure storage on the subject site.
Location
Sighthill Industrial Estate is one of Edinburgh’s leading industrial and trading locations, which benefits from direct access to the City Bypass, M8 Motorway and the main arterial routes leading into Edinburgh City Centre.
Sighthill Industrial Estate is located to the west of Edinburgh City Centre (approx. 4 miles) with the subject property facing Bankhead Avenue and providing direct access onto Calder Road and South Gyle. The property is a short walk from the public transport hubs with Edinburgh Park and South Gyle Train Stations within easy reach. In addition, the area benefits from a tram link direct to the City Centre/Airport and a tram halt is a short walk away.
Accommodation
The property has been measured on a Gross Internal Basis, in accordance with the RICS Code of Measuring Practice (6th Edition) and provides approximately:
Main Building - 3,480 sq m (37,458 sq ft)
First Floor Office - 324 sq m (3,488 sq ft)
EFI Warehouse (west) - 764 sq m (8,224 sq ft)
Office Block - 454 sq m (4,887 sq ft)
Warehouse (south) - 252 sq m (2,713 sq ft)
TOTAL - 5,274 sq m (56,770 sq ft)
Car parking is located around the subject site, with additional unrestricted on-street car parking available in the immediate vicinity.
Terms
Tenure
Our clients Heritable* interest in the entire site is available for sale on terms to be agreed.
Part of the site is let to EFI Furniture with the salient points listed below.
* (Scottish equivalent of freehold)
EFI Furniture Lease
Rent: £XXX per annum
Lease: five year lease to expire 26th Jan 2017
The tenant has the option to extend the lease for a further five years, by providing six months notice prior to lease expiry.
Rating
We understand that the current rateable value of the site is approximately £XXX with the rates payable for the current year (2014/2015 – UBR XXX) being approximately £XXX per annum.
We recommend that parties make their own enquiries with the local Assessors office.
Legal Costs
Each party will be responsible for their own legal costs incurred in the transaction with the purchaser responsible for Stamp Duty Land Tax, registration dues and any VAT thereafter.
VAT
VAT will be applicable on the sale price and all other charges associated with the purchase at the prevailing rate.
Energy Performance Certificate
Main Building - EPC Rating: G
Warehouse (west) - EPC Rating: E
Office Block - EPC Rating: G
Warehouse (south) - EPC Rating: E
Date of Entry
On the conclusion of Legal Missives. (Subject to the occupational lease to EFI furniture).
Price
Upon application to the sole selling agents.
Specification
- Entire block available for sale
- Prominent site within Sighthill Industrial Estate
- Site area of approx. 0.89 hectares (2.20 acres)
- May be suitable for alternative uses (subject to securing the appropriate statutory consents)