Property Details

16 Lady Brae
Midlothian, Gorebridge

Offers over£200,000

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PropertyDescription

LOCATION

The subjects are located in the town of Gorebridge which lies 12 miles south east of Edinburgh on the main A7 road from Edinburgh to Galashiels. Gorebridge is one of the stops on the Waverley Railway line linking Edinburgh to Tweedbank.

The property is situated on Lady Brae in Gorebridge, 200 meters from Gorebridge train station. Lady Brae is mainly residential with this site being one of the few remaining industrial sites.

DESCRIPTION

The subject property comprises of a good-sized scaffolders yard with a single storey office building along with a large workshop premises. The site has shared access with two adjoining properties onto Lady Brae.

The site area extends to approximately 0.186 ha (0.46 acres). It is L-shaped in configuration, of hard standing and mainly level throughout.

The single storey office building comprises of 2 offices with a tea prep area and a WC. It benefits from electric central heating.

The workshop is of steel frame construction with profiled metal clad walls under a pitched roof with a concrete floor. It comprises two distinct storage areas with a high level office. The floor to ridge height is circa 5.21m.

The site is surrounded by residential houses and offers potential to create a small residential development subject to the necessary permissions being granted by Midlothian Council.

ACCOMMODATION

According to our recent measurement survey, the approximate gross internal area is:

Office 63.60 sq. m ( 684 sq.ft.)
Workshop 317.10 sq. m. (3,413 sq.ft.)
TOTAL GIA 380.67 sq (4,097 sq ft)

Total Site Area approx 0.182 ha (0.45 acres)

FOR SALE

Our client is seeking offers in excess of £200,000 to acquire the freehold.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have the following rating assessment; RV £11,200. The uniform business rate for the current year is 46.6 pence in the pound.

Occupiers may be eligible for 100% 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.

SERVICES

The property benefits from mains water and electricity.

ENERGY PERFORMANCE CERTIFICATE

The EPC rating is B.

A copy of the EPC and recommendation report can be provided upon request.

LEGAL COSTS

Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.

ENTRY

Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION

By appointment through the sole letting agent, IME Property Ltd.

PropertyOverview

  • Property ID:P305
  • Postal Code: EH23 4HT
  • Status:For Sale, May Rent
  • Type: commercial
  • Class:0 (Development Opportunity)
  • Property Size:4,097 sq ft
  • Price:£200,000

PropertyFeatures

  • Development site (STP)
  • Owner occupier potential
  • Close to Gorebridge

ExtraInformation

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Bill Adams

Bill Adams

If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.