FOR SALE PRIME INDUSTRIAL INVESTMENT

OFFERS IN EXCESS OF £250,000 (7.00% NIY)

UNIT 3, 25 BANKHEAD TERRACE, SIGHTHILL , EH11 4DY EXECUTIVE SUMMARY

• RARE SINGLE LET INDUSTRIAL INVESTMENT OPPORTUNITY;

• VAT FREE INVESTMENT;

• EXCEPTIONAL PRIVATE INVESTOR OPPORTUNITY;

• LOCATED ON ONE OF ’S PREMIER INDUSTRIAL ESTATES;

• MODERN INDUSTRIAL WORKSHOP WITH 3 DEDICATED PARKING SPACES;

• NEW 7 YEARS AND 6 MONTH FRI LEASE FROM 1ST MARCH 2018;

• LET TO BOUNDLESS WORKSHOP LIMITED;

• PASSING RENT OF £18,000 PER ANNUM (£8.55/SQFT)

• WE ARE INSTRUCTED TO SEEK OFFERS IN EXCESS OF £250,000 (TWO HUNDRED AND FIFTY THOUSAND POUNDS STERLING) EXCLUSIVE OF VAT. A PURCHASE AT THIS LEVEL WOULD SHOW AN ATTRACTIVE NET INITIAL YIELD OF 7.00%, AFTER ALLOWING FOR PURCHASERS’ COSTS OF 3.00%. Huntly Portree A95 A96 Ellon SKYE A9 A87 Grantown-on-Spey Kyle of Inverurie A90 Lochalsh A96 Aviemore ABERDEEN A87 A9 A82 Armadale Mallaig RUM Stonehaven

A86 EIGG A830

scent h G Centre y B e le v MUCK Fort William room A90 Edinburgh C resc Forrester oomhouse Dri Sa hto Park Central So k Drive Br h r Saug ASD ughton Road e u High ouse nt Lane th Gyle Access Metal Gyle School Forrester Pa

Services R L Square o oad chside Court Way ide House Lochs Montrose Br Brechin e o t Fla ac omhouse R ssches Yard Broomhouse Terr Gyle Crescen Br South Pitlochry o omhou

use Park Sau mho A92 o o Pulsant Bro s w g Forfar pass e M hton R A82 Court e d w Broomhouse y h o rnin Wa a ad Ma e et Nort y Tobermory Aberfeldy ead Driv Bankh B house Stre Blairgowrie roomh room A9 Arbroath Royal Bankhead Drive B A720 Yodel Mail o use Avenue Bankhead t ead Drive n L e Lochs ochside Court c Bankh s e r C th i d Nor e e e s Plac u

A se o v Bankhead Drive e mhou

nu Broo omh e Br DUNDEE C o Broom o

ity of Edinburg Lloyds o Makro m Br Oakl Banking ho

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se Broomhouse Group u B n

Bankhead Broom ds S Leven n Bankhead Drive roomhouse Road Ro s e e Gro m

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q d Whinhill A house Edinburgh ua MULL h d h Powerleague Bypass a ous v r Park A90 e Oban Park e e h Sighthill A85 A85 Lochside Crescent Edinburgh Broadway k n G Perth Ba e Crianlarich Park Station Walk rove rbrae Crieƒ A85 Sighthill Fai Ba Park n St Andrews khead Drive Crossway North B701 South B ent Bankhead roomhouse Grove City of Edinbur East Hermiston Bro use Place airbrae Cresc Lo Business F brae chside Ave Edinburgh West A9 Parcelforce o Broomho Fair Park mho t n College n M90 Worldwide W A82 A84 ue e Cupar c ad Medway u e Shapes e s - Sighthill se R - Edinburgh way North Bankh s Auchterarder g Furniture t F rbrae Cre h Bypass Campus ai khead Cross o Broomhouse Loa Ban B Ltd ad a C n u khead Broad ltins Ro Inverary Bankhead A92 Road Calder a B th d ankh National u est Fairbrae Drive ait Roun et So W Glenrothes G da n e b A tr on o Records w S t u venue se A71 is t e ay ad Driv of Scotland A91 rm omhou alder Road o C Parkhead Place e Bankhead Terrace Br H Sighthill Bank A83 alder Road e Bankhead C B&Q Sighthill Wynd ssway South A720 Road ead Cro Bankhea Broomview Scotmid Tesco Hermiston Bankh Calder Bankhead Street Gait Bankhead Terrace Dunfermline Parkhead d HM Revenue Parkhead Str Park Place S ig & Customs Sighthill Green h t h Parkhead Avenue COLONSAY hil ead Gardens Sighth

l d G a o Lochgilphead r Cald r R e e e i e ll Cour n et A71 n Road Alexandria M9 Burton's t EDINBURGH Edinburgh Biscuit d Loan oad Bankhead Way Bankhea Calder R Mail Co Dunoon City of Edinburgh Bypass Calder Road Centre Bankhead D ad Sight ive Haddington Ro Dr Calder ad Linlithgow C View h ad khe Mi ultins Road ill Avenu e ✈ ar t New P n d Mid Cultins Murrayburn Parkh ce Sighthill Greenock Musselburgh N Primary res e r C w ive oan e d Cultins L Sighthill School Parkhea

M8 S Sighthill Gar JURA ✈ M8 A1 ighthill ion Ca Evans A Hermiston Gait Un n Catalyst ve Dumb al Road Halshaw rk n Port Askaig Trade Park nkhead Drive e ue Ba Sighthill Pa yburn d Vauxhall Sighth Scott Russell Sighthill Plac ens urra Paisley Road M Aqueduct U Kennacraig G City of Edinbu n A71 o ion Canal To Hamilton d Sig i gar Station Road Roa ll Grove uk h Largs ourt e Calder N thill Ter Berwick-upon-Tweed C A737 ill alder G h C ar er h de d pat n

o w w s Claonaig Cal Sight al T r n S r gh Bypass pa r Road i ace A78 C g e Union Ca t Calde Road hthi v h ultins Road M74 Sighthill Calder View ISLAY l M77 l Vie ns Sighthill Dri de Lochranza B701 ar w G Dumbryden A702 A720 Calderglen urn Nursery Sighthill Street b

urray Ca School M

A1 d Lanark l Road a Cald

Ro d n er e Coldstream r Du H oad d e l alder Park er R a r Cr Sighthill G urraybur a Ardrossan C Galashiels d C ark ilesland er P ar M Port Ellen Kilmarnock Station Road Cal Cald e Primary d scent e School n A71 Bamburgh s A71 hill Crescent R A83 Kelso oad Sight k A74(M) Dumbryden Pentland The Calders burn Par Larbourfi ay Allotments Gait Office eld rr Sigh u ARRAN Calder Gardens M Troon Selkirk Park Calder Place t W hill Rise Murrayburn este Ca West r Hailes ld e Hermiston er Cr City o es Calder Driv e Farm c r Ha Prestwick ent Calder Crescent ✈ Jedburgh Calder Drive der Road e e Cal d Driv hill Dri v Way Campbeltown LOCATION SITUATION DESCRIPTION Edinburgh is the capital city of Scotland, located approximately 400 Sighthill Industrial Estate enjoys a strategic location situated The subjects comprise a mid-terraced industrial unit of concrete miles north of London and 45 miles east of Glasgow. It is one of approximately 4 miles west of Edinburgh city centre. It is ideally portal frame construction with a mixture of brick in-fill and metal the six cities categorised by PMA as a major city and, consequently, positioned for access to the principal road networks including the cladding. It forms part of a highly popular development of light benefits from a significant catchment population. Edinburgh City Bypass (A720) and M8 interchange at Hermiston industrial units/workshops set around a central courtyard. Gait. Road communications are excellent with the M90 located to the Internally, the unit presents a large open plan workshop space north, the M8 and M9 to the west and the A1 to the The subjects form part of the popular Bankhead Workspace accessed by an electric roller shutter door (3 metres wide) and a south which provide links to all major cities in the UK. The city is development which is accessed off Bankhead Terrace, close to the pedestrian door from a communal car park. well served by the rail network, with direct and frequent services junction of Bankhead Place. The adjoining units in the development Off the main workshop space is an office area which incorporates to London (Euston and Kings Cross) and Glasgow with fastest are occupied by a range of companies including Napier University, a kitchen leading through to a separate WC. journey times of approximately 4 hour 32 minutes and 51 minutes Scot Shirts and Artisan Roofing. Other occupiers on the respectively. Edinburgh also benefits from one of Britain’s fastest Sighthill Industrial Estate include Lloyds Banking Group, growing airports, providing both domestic and international flights. Jarvie Plant Group, Toolstation and Screwfix. Access to public transport is available within a short walking distance including bus stops and the Bankhead tram stop.

PAGE 2 UNIT 3, 25 BANKHEAD TERRACE, SIGHTHILL, EDINBURGH, EH11 4DY ACCOMMODATION According to our recent measurement survey the premises contain the following approximate gross internal area:

AREA SIZE (SQM) SIZE (SQFT)

Total Gross Internal 188 2,023

CAR PARKING There are 3 dedicated car parking spaces available with the property.

TENANCY The subjects are currently let to Boundless Workshops Limited on a new 7 year and 6 months lease from 1st March 2018 expiring 31st September 2025 at a passing rent of £18,000 per annum. The lease is subject to a 3 yearly rent review pattern on an upwards only basis. The lease is drawn up on a Full Repairing & Insuring basis subject to a photographic schedule of condition. A deposit of £3,000 is held in escrow.

TENURE The subject property is held on heritable title (Scottish equivalent to English freehold).

PAGE 3 UNIT 3, 25 BANKHEAD TERRACE, SIGHTHILL, EDINBURGH, EH11 4DY PROPOSAL VIEWING & FURTHER INFORMATION We are instructed to seek offers in excess of £250,000 (TWO HUNDRED By contacting either of the joint selling agents: AND FIFTY THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would show an attractive net initial yield of 7.00%, Sheridan after allowing for purchasers’ costs of 3.00%. Property Consultants

37 One EPC 37 George Street Edinburgh EH2 2HN The Energy Performance Certificate rating is E. Tel 0131 300 0296

Stewart Sheridan Cathal Keane 07740 940898 07808 627224 [email protected] [email protected]

VAT Graeme Millar VAT has not been elected and therefore VAT is not payable in addition to the 07523 512804 purchase price. [email protected]

LEGAL COSTS Each party will be responsible for their own legal costs incurred in connection with the transaction. 24 Walker Street Edinburgh EH3 7HR Tel 0131 357 4455

Notice: Neither Sheridan Property Consultants nor Allied Surveyors Scotland for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, reference to condition and necessary permission for use and occupation, Iain W. Mercer and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them and are advised to do so; (iii) no person in the 07713 626887 employment of Sheridan Property Consultants or Allied Surveyors Scotland has any authority to give representation or warranty whatever in relation [email protected] to this property; (iv) all prices, rents and premiums quoted are exclusive of VAT at current rate.

Date of Publication: January 2019