The Imex Business Centre is a secure, gated site with CCTV throughout. The development comprises a range of different sized industrial/business units of steel portal frame construction overclad with profile metal sheeting. There is a shared yard area and generous car parking. Unit 28 is an end of terrace unit with a mono-pitched insulated clad roof incorporating integrated translucent roof panels for natural light. Vehicle access is provided via an up and over door with separate pedestrian door. The unit has dedicated WC facilities and three phase power supply.
Location
Bilston Glen Industrial Estate is an established business location situated to the west of Loanhead and within close proximity to both Pentland Industrial Estate, Straiton Retail Park, IKEA and Costco. The estate comprises a mix of business and light industrial occupiers, with notable occupiers including McQueens Dairies, Stoats, Paint Shed, Edmundson Electrical, Eagle Plant Hire and Stewart Brewing. Unit 28 is located within Bilston Glen Industrial Estate approximately 7 miles south of Central Edinburgh. The location has excellent road links, with the A720/Edinburgh City Bypass less than 1 mile to the north which provides direct access to the A1, M8 and M9 motorways.
Accommodation
The property extends to the following Gross Internal Area:
Total - 1,083 sq ft (100.6 sq m)
Terms
PLANNING - We understand the subjects currently benefit from Use Classes 4, 5 & 6 consent. Interested parties are advised to speak directly to the Local Planning Authority.
LEASE - Our client is looking to sub-let or assign their existing lease which runs until 25 March 2035. There is a Tenant Only Break Option in March 2030. The unit is held on an Internal Repairing lease.
RENT - The unit is available at a rent of £18,000 per annum.
RATING - We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2023 is £7,800. (Each new occupier has the right of appeal against this figure).
Based on the basic property rate of 49.8p, this rateable value will result in an estimated rates liability in financial year 2025/26 of £3,884.
A new ingoing tenant may quality for 100% Rates Relief through the Small Business Bonus Scheme (SBBS). To find out more, please contact Midlothian Council’s non-domestic business rates team.
ENERGY PERFORMANCE CERTIFICATE - EPC Rating = A.
DATE OF ENTRY - The property is available for immediate occupation.
AML REGULATIONS - Under HMRC and RICS regulations and The Proceeds of Crime Act 2022, as property agents facilitating transactions, we are obliged to undertake AML due diligence for both the purchasers/tenants and vendors/landlords involved in a transaction. As such, personal and/or detailed financial and corporate information may be required before any transaction can conclude.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Specification
- Industrial / Storage unit located in a sought-after trading estate
- EPC – A Rating
- Available on flexible lease terms