Property Details

540 Lanark Road
Edinburgh
Edinburgh
, Juniper Green

Offers over£130,000

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PropertyDescription

 

LOCATION

The subjects are located in the Juniper Green area of Edinburgh which is circa 9km (5.6 miles) south west from the city centre. The unit is situated on Lanark Road on the junction with Baberton Avenue and the pedestrian crossing.  Lanark Road forms part of the A70, Edinburgh to Lanark road, which leads through Currie, Balerno, to the Pentland Hills and on to Lanark.

The premise is located in a prime residential area where there are a range of local businesses and amenities to service the local residents. There is excellent public transport links serving the city centre with a bus stop located meters from the premises.

 

DESCRIPTION

The retail premises comprise the ground floor corner site of a two storey traditional property under a pitched and slate roof. There are residential properties on the first floor above the premises. Other occupiers in the parade of shops include a chemist, Scotbet, barbers, computer shop and the Juniper Green Inn.

The property occupies a prominent location on a pelican crossing in a mixed use location. There are two display windows either side of the entrance of Lanark Road with further windows on the Baberton Avenue elevation. There are further entrances accessed via Baberton Avenue.

Internally the unit is bright, well laid out, has a good specification with a regular shaped sales area to the front with treatment rooms leading off the main area with further areas including a tea preparation areas and staff WC to the rear.

The present occupier is as a hair and beauty salon which has been a fixture in this location in Juniper Green for 17 years.

 

CLASS USE

At present the unit is classed as Class 1 Retail.

 

PRICE 

Offers over £130,000 are sought for the freehold investment. 

LEASE

There are just over 3 years remaining on a lease held on a Full Repairing and Insuring basis which runs until May 2022.

 

RENT

The passing rent is £9,300 per annum.

The existing tenant, which is a hair and beauty salon, has been in occupancy for 17 years.

 

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate net internal area:

 

Ground Floor                           52.02 sq. m. (600 sq. ft.)

 

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Ratable Value of £6,600.  The uniform business rate for the current year is £0.466 pence in the pound.

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

 

UTILTIES

The properties are served by mains electricity, gas and water.

 

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is pending.

 

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 tenant liable for any Registration Dues or LBTT thereon.

 

ENTRY

Upon completion of a formal missive under Scots Law.

 

VIEWING AND FURTHER INFORMATION

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

 

PropertyOverview

  • Property ID:P444
  • Postal Code: EH14 5DJ
  • Status:For Sale
  • Type: investment
  • Class:1 (Retail)
  • Property Size:n/a sq ft
  • Price:£130,000

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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.

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