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 3

68 EAST MAIN STREET, BROXBURN, EH52 5EG

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

Location

Broxburn is a popular town in West Lothian situated some 9 miles west of Edinburgh city centre and 6 miles north east of Livingston, the main administrative centre for the area. The property is within easy reach of the M8/M9 motorway networks, Uphall train station is nearby and Edinburgh Airport lies 5 miles to the east.

The property occupies a prominent location on the east side of East Main Street near it’s junction with Station Road. This is a thriving shopping area with the extensive surrounding residential area providing local trade in the area. Other occupiers in the area include Scotmid, Boots, local traders, offices and restaurants.

Description

The property occupies a promient position on East Main Street which provides the prinicial retail thoroughfare in the town and comprises a two storey end of terrace traditional building of stone construction with a pitched slate roof. It has single storey extension to the rear also under a pitch and slate roof.

Internally the ground floor accommodation comprises an open plan area with separate office to the side, safe room 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 upper floor comprises three good sized rooms, kitchen, store and toilet. Externally there is garden ground to the rear accessed via a set of fire escape steps from the upper floor and from the access lane to the east side of the property. The property benefits from gas central heating, fluorescent recessed lighting and some carpeting. There is some limited on street parking available and further unrestricted parking available within the vicinity.

Well placed within the town centre and with easy access from the motorway network this property provides an opportunity for office or retail use or may be suitable for alternative development subject to obtaining necessary consents.

Accommodation

Name sq.m. sq.ft
Ground Floor
Open plan office 48.9 sq.m. 526 sq.ft.
Office 9.5 sq.m. 102 sq.ft.
Interview Room 4.4 sq.m. 47 sq.ft.
Safe Room 5.6 sq.m. 60 sq.ft.
ATM Secure area 2.3 sq.m. 25 sq.ft. (4.6 sq.m in extended position)
First Floor
Kitchen 12.8 sq.m. 138 sq.ft.
Office 10.2 sq.m. 110 sq.ft.
Office 11.5 sq.m. 124 sq.ft.
Office 13.7 sq.m. 147 sq.ft.
Cupboard 3.9 sq.m. 42 sq.ft.
Totals
Total (excl. toilets /common areas) approx. 122.8 sq.m. 1322 sq.ft 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 West Lothian Council, West Lothian Civic Centre, Howden South Road, Livingston EH54 6FF Email: customer.service@westlothian.gov.uk Tel: 01506 280000

Rateable Value

£12,700 (£14,200 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 £3,000 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