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4a, Eskdale Drive, Bonnyrigg, EH19 2LB

468 Sq Ft / Retail / Investment

For Sale - £60,000.00

Sold - Last updated: 02 April 2021

The subjects comprise a single storey building of brick construction with a roughcast exterior and a felt roof.

Internally, the unit is currently being fitted out as a barbers.  There is a separate area comprising of a kitchen, store and WC.  There is laminate flooring throughout with a plaster board ceiling and LED recessed light fittings.  The unit benefits from three large glazed units providing plenty of natural daylight.

The land to the front of the property is capable of off-street parking for 3 cars.

Location

Bonnyrigg is one of the fastest growing towns in Midlothian sitting on the periphery of Scotland’s capital city.  It is situated approximately 8 miles from Edinburgh city centre and only 3 miles from the nearest junction of the A720 Edinburgh City Bypass at Sheriffhall.

The subjects are on Eskdale Drive situated to the north of the town centre just off Polton Road which leads directly to the adjoining village of Lasswade. The surrounding area is residential and is only a short walk from The Lasswade Centre incorporating Lasswade High School and several other community facilities. 

There are a number of public transport links available in the area and there is free on street parking outside the property.

Accommodation

According to our recent measurement survey, the subjects comprise the following net internal floor area:

44 sq m (468 sq ft)

Terms

TENANCY DETAILS

The property is let on a Full Repairing and Insuring (FRI) lease to Leeanne Shepherd effective 24 August 2020 until 23 August 2025 at £6,400 per annum, subject to a tenant only break option at 24 August 2023.

PRICE

Offers Around £60,000 is invited for our client’s heritable interest in the subjects.

A purchase at this price would reflect a net initial yield of 10.48% after standard purchaser's costs.

VAT

The property has not been opted to tax, so no VAT is payable on the purchase price

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,100.  The uniform business rate for the current year is £0.49 pence in the pound.

Occupiers may be eligible for rates relief through the small business bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

UTILITIES

The property is metered for mains electricity and water.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is C+.

A copy of the recommendation report is available on request.

LEGAL COSTS

Each party shall bear their own legal costs in the preparation of the lease with the eventual purchaser liable for any LBTT thereon.

ENTRY

Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION

By appointment through the sole selling agent, Allied Surveyors Scotland plc.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
INVESTMENT For Sale Freehold £60,000.00 NA

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