Property Details

Six industrial units Eldin Industrial Estate
Midlothian
Midlothian
, Loanhead

Offers over£295,000

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PropertyDescription

LOCATION

Eldin Industrial Estate is an established industrial location only 6 miles south of Edinburgh city centre and is accessed off Edgefield Road which is only 5 minutes from the A720 Edinburgh City Bypass.  The popular Midlothian towns of Loanhead, Bonnyrigg and Dalkeith are all nearby.

Surrounding occupiers include Midlothian Skip Hire, Eden Range and Edgefield Coach Works. There is also a strong commercial presence in the area with Straiton Retail Park, IKEA and Sainsbury’s all in relatively close proximity.

DESCRIPTION

The subjects comprise of six self-contained workshop/office spaces each with their own secured yard.  Units 3 and 4 are converted cottages with additions to suit light industrial uses and benefit from good yard space, especially unit 4. Units 5-2, 5-3 and 5-4 form part of a terrace of buildings of brick construction with external render under a mono-pitched roof.  Unit 5-1 Is located in between and is brick built beneath a pitched roof.

Each unit has their own gated yard areas and have separate meters for each premises. The units are fully let at the moment with a good rental return.

ELDIN

TENANT

RENT

5/1 Eldin

Progressive Waste Management

8,000 PA

5/2 Eldin

Progressive Waste Management

4,000 PA

5/3 Eldin

Progressive Waste Management

4,000 PA

5/4 Eldin

Kamile – Mechanic

5,400 PA

Eldin 3

Kamile – Mechanic

9,000 PA

Eldin 4

Goulding - Motor sport tuning

8,000 PA

 

ACCOMMODATION

According to our measurement survey the approximate Gross Internal Area (GIA) of the premises is:

 

ELDIN

SIZE

5/1 Eldin

86 SQ M

5/2 Eldin

116 SQ M

5/3 Eldin

123 SQM

5/4 Eldin

61 SQM

Eldin 3

72 SQ M

Eldin 4

155 SQ M

 

PURCHASE PRICE

We are seeking offers over £295,000 on behalf of our clients for the freehold sale for all the properties as a package.

RATEABLE VALUE

All of the units fall below the threshold for small businesses to check the individual units rateable values go to www.saa.gov.uk

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.

ENERGY PERFORMANCE CERTIFICATE

Each property has an EPC

A copy of the recommendation report is available on request.

VIEWING AND FURTHER INFORMATION

By appointment with the sole letting agents, IME Property Ltd.

LEGAL COST

Each party will bear their own legal costs. The purchaser will be responsible for LBTT and registration dues incurred in the preparation and completion of the lease.

ENTRY

Upon completion of a formal missive under Scots Law.

PropertyOverview

  • Property ID:P437
  • Postal Code: EH20 9QX
  • Status:For Sale
  • Type: investment
  • Class:5 (Industrial)
  • Property Size:n/a sq ft
  • Price:£295,000

ExtraInformation

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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.