FOR SALE 2A, 2B & 2C Pentland Industrial Estate, Loanhead, , EH20 9QH

46 Castle Street, Edinburgh. EH2 3BN Tel: 0131 225 6612 Fax: 0131 225 5766 High Yielding Industrial Investment

• Well established commercial location • Strategically positioned for access to City of Edinburgh bypass (A720) • Let to The BSS Group Ltd and Nationwide Crash Repair Centres Ltd

UNIT 2B & C • Leases expiring September 2025 (tbo 2020) & June 2024 (tbo 2019) respectively • Low passing rents of £4.41 per sq.ft. and £2.89 per sq.ft. • Offers over £1.67M (exclusive of VAT) • Net initial yield of 8.51% (allowing for purchaser’s costs based on LBTT) • Low capital rate of £36.74 per sq.ft.

UNIT 2A UNIT 2A

Edinburgh Glasgow Aberdeen Leeds Dundee 0131 225 6612 0141 204 3838 01224 588866 0113 243 6777 01382 227900 LOCATION DESCRIPTION The subjects are located within Pentland Industrial Estate in Loanhead approximately 5 miles Unit 2A south of Edinburgh city centre and 2 miles from Interchange on the City of Edinburgh Unit A comprises a single bay industrial unit of steel portal frame construction providing an Bypass (A720). The area forms one of Edinburgh’s most recognised and well established eaves height of approximately 5.5m, breezeblock walls with profiled metal cladding above business locations benefiting from excellent transport links to the A1, M8, M9 and A7 via the and concrete flooring throughout. The unit provides general storage / warehouse space with City Bypass. ancillary trade counter, office accommodation, staff and customer facilities.

Together with Straiton Retail Park and Bilston Glen Industrial Estate the area forms a major The unit sits within a self-contained site surrounded by palisade fencing. Staff and customer commercial hub and destination to the South of Edinburgh attracting major occupiers including car parking is provided to the side and front of the building. ASDA, IKEA, Costco, M&S, Travis Perkins and Edmundson Electrical. Units 2B & 2C SITUATION Dalgety Bay Units B & C provide interconnecting industrial accommodation arranged over 3 bays. The Rosyth The subjects are situated at the northern end of Main Street, Pentland Industrial Estate, in close units are of concrete frame construction surmounted by asbestos sheet roofing, providing an Inverkeithing proximity to the junction with Pentland Road. The property backs onto ASDA at its western boundary eaves height of approximately 4m reducing to 2.5m at the lowest point. Walls are of painted with the IKEA superstore, their collection warehouse unit and Costco in very close proximity. Other breezeblock and there is concrete flooring throughout. The property functions as a vehicle repair occupiers within the estate include Bishop’s Move, Richard F. Mackay and Travis Perkins. centre, with associated staff and customer accommodation.

The immediate surrounding area is scheduled for significant investment / development in the The unit sits within a self-contained site surrounded by palisade fencing. Staff and customer North Queensferry coming years with the promotion of Pentland Trade Park to the south of the subjects and future car parking is provided to the front of the building. retail development planned to the land south of ASDA.

INDICATIVE PLAN

A90

M9 A90 Kirkliston A90 A1 A902 CITY Edinburgh A8 CENTRE International A8 A1 Musselburgh Newbridge Airport A8 A720 A701 A702 Newcraighall A720 THE CITY OF EDINBURGH BYPASS B701 A720 A702 A720 A720 M8 Ratho A702 M8 A71 A1 A71 HermistonA701 Straiton Danderhall

Juniper Green Wilkieston A702 A703 A701

Pen t A768 la n A720 Currie d

Rd A768 Kirknewton Main St A702 A7 P A68 a d r R k A720 n A e v Balerno A701 yd en r ue D Loanhead A703 Bilston

A703 SAINSBURYS

STRAITON ROAD A701 TO CITY OF EDINBURGH BYPASS A702

IKEA UNIT 2B & C

COSTKEA WAY

COSTCO

PENTLAND ROAD

UNIT 2A ASDA PENTLAND ROAD UNITS 2B & C

UNIT 2A

MAIN STREET

BISHOP’S MOVE IKEA WAREHOUSE UNIT 2B & C

RICHARD F MACKAY

FUTURE TRADE PARK & RETAIL DEVELOPMENTS

UNIT 2B & C ACCOMMODATION AND TENANCY INFORMATION UNIT SIZE (sq.ft.) EPC RATING TENANT LEASE RENT REVIEW TENANT LEASE RENT PA RENT PSF COMMENTS START BREAK OPTION EXPIRY A 12,463 D The BSS Group Ltd 14/06/1999 17/09/2020 16/09/2020 16/09/2025 £55,000 £4.41 FRI lease terms. The tenant is to (Reg. No 60987) (6 months prior (effective from benefit from 3 months’ rent free written notice) 17/09/2015) from 17/9/2015 – 16/12/2015 and a further 3 months’ rent free should they fail to exercise their break option in 2020. B & C 32,992 D Nationwide Crash 14/06/1999 14/06/2019 14/06/2019 13/06/2024 £95,250 £2.89 FRI terms subject to schedule of Repair Centres Ltd (6 months prior condition. (Reg. No 650582) written notice) 45,455 £150,250 The above provides a total combined site area of approximately 0.63 ha (1.56 acres).

TENURE VAT Outright ownership (Scottish equivalent of English freehold). The subjects are elected to VAT and accordingly VAT will be charged on the purchase price. It is anticipated the sale can be treated by way of a Transfer of COVENANT a Going Concern (TOGC). The BSS Group Ltd (Reg. No 60987) BSS Industrial is the UK’s market leading distributor of pipeline and heating solutions. Established over 110 PROPOSAL years ago, the company is now a multi-million pound, nationwide business. It became part of Travis Perkins We are instructed to seek offers in excess of £1.67M (exclusive of VAT) for the plc in 2010, which has a turnover of over £4bn across 17 businesses and employing around 20,000 people. benefit of our client’s outright ownership interest. A purchase at this level BSS Industrial has a network of over 60 branches nationwide, including over 40 branches offering specialist would offer a net initial yield of 8.51% after allowing for purchaser’s costs tool and equipment hire (www.bssindustrial.co.uk). based on LBTT and a low capital rate of approximately £36.74 per sq.ft.

The BSS Group Ltd have a Dun & Bradstreet rating of 5A1 (based on the latest accounts filed 31 December VIEWING AND FURTHER INFORMATION 2013) representing minimum risk of business failure. Please contact sole selling agents Ryden LLP, 46 Castle Street, Edinburgh EH2 3BN

Nationwide Crash Repair Centres Ltd (Reg. No 650582) Nationwide Crash Repair Centres Ltd t/a Nationwide Repairs with parent company Nationwide Accident Repair Services plc, is the leading and largest comprehensive automotive repairer in the UK, repairing nearly 200,000 vehicles every year. With more than 60 state-of-the-art equipped repair centres, a UK wide mobile repair network, a UK wide mobile glass repair and replacement network, 3 fast fit plus centres and an accident, management and handling service the company boasts the broadest range of repair solutions and Nick Armstrong services in the industry. The business is also the preferred repairer of many of the UK’s insurance companies Email: [email protected] including RSA, Zurich, Quote Me Happy, Aviva, Groupama, Hastings, AXA, Allianz, CIS and many more Tel: 0131 473 3223 (www.nationwiderepairs.co.uk).

Nationwide Crash Repair Centres Ltd have a Dun & Bradstreet rating of F1 (based on accounts filed in Alan Herriot December 31 December 2013) representing minimum risk of business failure. Email: [email protected] Tel: 0131 473 3382

Ryden is a limited liability partnership registered in . Messrs Ryden for themselves and for 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 intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, 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; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property. September 2015.