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Residential Development Opportunity, 51B High Street, Bonnyrigg, EH19 2DB

0.72 acres / Other / Residential

For Sale

Available - Last updated: 20 April 2024

There are several buildings on the site as well as a large area of hard standing. The site is generally level and clear.

Location

The subjects are located in Bonnyrigg, Midlothian.

Bonnyrigg is located approximately 8 miles south of Edinburgh city centre and benefits from being in close proximity to the Edinburgh Bypass as well as Eskbank train station.

Bonnyrigg is well served by excellent amenities locally within the town centre as well as the surrounding areas of Lasswade, Eskbank, Dalkeith and Straiton.

The property is located to the rear of 51B High Street via a private lane.

Accommodation

The site extends to c. 0.72 acres.

Terms

SHORT TERM INCOME - The subjects generate an income of £30,700 per annum from short term licence agreements. Further information is available on request from the sole selling agent.

SERVICES - The premises are connected to mains supplies of gas, electricity and water. Drainage is to the main public sewer.

Interested parties will be required to make their own enquires with regard to the redevelopment of the subjects with regards to capacity etc.

TERMS - Our clients are seeking offers to purchase their heritable interest.

Interested parties are also asked to notify the selling agents of their interest in the subjects in order that they can be made aware of any closing date announcements.

PLANNING - The owner of the subjects has previously secured detailed planning consent for the erection of 23 flatted dwellings with car parking.

The planning consent lapsed in 2020 however this has just been extended for a further three years from September 2022.

VAT - All prices are quoted exclusive of VAT (which may be applicable).

LEGAL COSTS - Each party will be responsible for their own legal costs with the purchaser liable for any Land and Building Transaction Tax, registration dues and VAT thereon.

Specification

  • Potential to develop 23 flatted units
  • Site area of c. 0.72 acres
  • Short term income
  • Town centre location

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Seeking offers For Sale Freehold NA NA

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Contact agents

Nadir Khan-Juhoor

NaMa Capital UK Limited

01698 225433

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