SVA logo

13 Great King Street
Edinburgh
EH3 6QW
Tel: 0131 624 6640
Email: info@sva-auctions.co.uk

SVA Property Auctions Ltd. Scotland's independent auction service. Hammering home the advantage, ensuring clients benefit from full auction service.

Forthcoming Lots

Lot 10

2 CRAIGENTINNY AVENUE, EDINBURGH, EH7 6PX

Former Bank Premises with Potential for Alternative Use, Income £3,000 p.a. from ATM Letting

Location

Craigentinny is a pleasant residential suburb in the east of Edinburgh approximately 3 miles east from the City Centre. The area is within easy reach of Edinburgh’s amenities and attractions. The property occupies a prominent location on the corner of Craigentinny Avenue at its junction with Portobello Road/Moira Terrace. This is a busy junction with the extensive surrounding residential area providing local trade in the area. The area benefits from frequent buses to and from the city centre. Meadowbank Retail Park and supermarkets are nearby and there are a good variety of local shopping choices in Portobello which also offers a range of sporting facilities and the Promenade and beach for walks. Craigentinny Golf Course lies to the north, and Holyrood Park with its expanse of Queens Park and Arthur’s Seat is a short distance away. There is easy access to the A1 travelling south and to the City Bypass leading to the central motorway network. Neighbouring occupiers include local R S McColl’s with post office, a local hairdresser and butcher.

Description

The property comprises a single storey end of terrace traditional corner building of stone construction with a flat roof. There is a small fenced area lying to south east corner of the building which is also included within the area for sale.

Internally the accommodation comprises an open plan area, with separate office to the rear, two book rooms, kitchen, strong room, two small storage rooms and toilets.

The property has recently been decommissioned and part of this work included separating the ATM from the main floor area by way of a Bastion unit which extends when in use for maintenance/servicing. The property benefits from gas central heating, fluorescent recessed lighting and some carpeting. There is on street parking available.

This is a well placed unit within a busy area and provides an opportunity for office or retail or may be suitable for alternative development subject to obtaining necessary consents.

Accommodation

Name sq.m. sq.ft
Open Plan Office 106.6 sq.m. 1147 sq.ft.
Meeting Room 14.5 sq.m. 156 sq.ft.
Kitchen 17.9 sq.m. 193 sq.ft.
Book Room 4.2 sq.m. 45 sq.ft.
Book Room 6.0 sq.m. 65 sq.ft.
Strong Room 8.3 sq.m. 89 sq.ft.
Store 1.9 sq.m. 20 sq.ft.
Cupboard 2.8 sq.m. 30 sq.ft.
ATM Secure area 2.3 sq.m. 25 sq.ft. (4.6 sq.m in extended position)
Total (excl. toilets/common areas) 164.5 sq.m. 1770 sq.ft.

Planning

The property is suitable for office and retail use subject to the restrictions noted below (see Tenure). Alternative uses may be possible and interested parties should make their own enquiries to the City of Edinburgh Council Planning Helpdesk, Waverley Court, 4 East Market Street, Edinburgh EH8 8BG Email: planning@edinburgh.gov.uk Tel: 0131 529 3550

Rateable Value

£14,000 (£16,300 from April 2017). The property will require re-assessment to reflect the alterations arising from the separation works related to the ATM and the resultant changes to the floor space.

EPC

TBC

Tenancy

ATM: The site of the ATM Bastion unit together with an area immediately to the rear of the unit will be the subject of a new lease to the Royal Bank of Scotland PLC for a term of 5 years at a rent of £3000 p.a. The lease will be subject to a three month rent free period. In addition the Tenants will be granted a Right of Access, at all times, from the front door of the premises, to the ATM Bastion unit for the purposes of servicing it and the tenants will install secure CCTV to monitor the ATM unit. We recommend that interested parties inspect the lease plan which is available from the Seller’s solicitors, DLA Piper Scotland.

Tenure

Owner Vacant Possession with the exception of the ATM letting. The vacant property will be sold subject to certain restrictions preventing the following uses: Businesses involving money lending, pawnbrokers/adult sex shops, bookmakers or other gambling businesses, banks/building societies, bars/public houses, the sale of firearms and the sale of any paraphernalia associated with illegal drugs.

Services

The purchaser will be responsible for the electricity supply. The tenant will make a £300 p.a. payment, for the duration of the tenancy, to the Landlord as a contribution towards the Landlord’s utility costs.

Viewing

Strictly by arrangement with the Auctioneers SVA Property Auctions Ltd: 0131 624 6640.

Joint Auctioneers

Bilfinger GVA (Edinburgh) Tel:0131 469 6070




Web Design by Metro Multimedia