This is a rare opportunity to acquire a quality retail investment within Edinburgh, featuring:-
- Quality retail location;
- Almost 10 years of FRI lease remaining;
- Passing rent £XXX pa (£XXX Zone A);
- Established business history in Edinburgh Park;
- Personal guarantee;
- Deposit held;
- Excellent initial yield of 7.55% after purchasers cost of 3% including LBTT.
Location
The subjects are situated in a well established retail pitch on the west side of Edinburgh. St John’s Road is part of an important arterial route, the A8, connecting the City Centre to Edinburgh Airport, Edinburgh Park, Edinburgh Bypass (A 720) and the M8/M9 to Glasgow and Central Scotland.
St John’s Road trading location serves passing trade and the affluent Corstorphine residential area. The subjects lie close to the junction of St John’s Road and Featherhall Avenue.
This is a quality shopping location, containing many multiple and private retailers. The subjects adjoin an important branch of the Royal Bank of Scotland. Traders within the vicinity include Sally Hairdressing, Rowland Chemist, William Hill, RS McColl and Mimi’s Café.
Accommodation
Double windowed ground floor unit forming part of a two storey building. The upper floor comprise residential flats.
Internally, the shop is well configured, generally of open plan with public seating and counter to front and a kitchen, disabled toilet and storage to rear.
Net lettable area - ground floor - 48.6 sq m (523 sq ft).
Terms
The property has a new 10 year Full Repairing and Insuring style lease, commencing 17 November 2017. The annual rental is £XXX pa. There is provision for an upward only Rent Review at 5th year.
Offers over £XXX are sought.
We are advised that the subjects are not registered for VAT.