The subjects comprise a semi-detached single storey traditionally built with sandstone walls under a pitched slate roof that was formerly a School and then a Youth Hostel sitting on a site extending to approximately 0.11 hectares (0.27 acres).
The property is C Listed and benefits from both pedestrian and vehicular access from Kirkhill Road.
Location
Penicuik with a resident population of circa 17,000 people is situated on the A701 approximately 8 miles to the South of Edinburgh City Centre. Penicuik is a dormitory town for Edinburgh and is subject to a high volume of new residential developments.
Kirkhill Road is in close proximity to the High Street / A701 and Eskmill Road.
The surrounding area is a primarily residential with Penicuik Cricket Clubs ground, Kirkhill Bowling Club are also in the vicinity.
Accommodation
Site extending to approximately 0.11 hectares (0.27 acres).
Terms
Quoting Price: Our clients are seeking to sell the heritable interest in the premises. For further information, please contact the sole agents.
Tenure: Heritable interest (Scottish freehold equivalent) for sale
Opportunity: The property and the site provide an opportunity for residential conversion subject to obtaining the appropriate planning permissions from Midlothian Council.
Overage/Clawback: Should the purchaser create further development on top of the proposed square meterage within the existing school building, an additional clawback provision will apply to the seller
Legal & Administration Costs: The ingoing purchaser will be liable to pay the Council's legal and administration costs incurred in the transaction
Entry: Upon conclusion of formal legal missives
Rateable Value: £15,200 (described as 'Club' on the Scottish Assessors Association Valuation Roll)
EPC: The Energy Performance Certificate (EPC) for the premises is available on request
Planning: For all planning enquiries, please email development.management@midlothian.gov.uk
Specification
- Close to Town Centre
- Potential to Convert to Residential (Subject to the necessary planning permissions being obtained)