This Property is currently unavailable

For more properties within this area click here

Retail Units & Shops

Lothian

Edinburgh

property

Let

10 Manse Road Manse Road, Edinburgh, EH12 7SN

Use Class

Size

4,144 sq ft

Rent pa

POA

Price

£1,000,000

Market Sector

High Street Scheme

Key Features

Prominent and busy location in the Edinburgh suburb of Corstorphine
Property extends to 4,144 sq ft GIA on a site of 0.32 acres
Let to Iceland Foods Limited until 27/02/2030 subject to a break option in 2025
Heritable interest
Current rent of £50,000 p.a (£13.01 per sq ft). with guaranteed minimum uplifts to £56,357 in 2020 and £63,762 in 2025
Strong redevelopment potential in the long term, subject to securing planning consent
Offers in excess of £1,000,000 (One Million Pounds Sterling) excluding VAT and subject to conclusion of missives. This reflects a Net Initial Yield of 5.33% assuming standard purchaser’s costs, LBTT and that the vendor “tops up” the rental income to £56,357 from date of sale, until the next rent review

Description

The subject property is a purpose built, standalone, single storey supermarket premises which dates from the early 1980s.

The roof structure would appear to be of a steel frame construction over traditional cavity constructed walls either finished in an outer skin of facing brick or dry dash render. The Manse Road elevation has a glazed frontage incorporating the tenant’s corporate facia and a canopy. The roof is predominantly flat construction with slate finish to the mansard roof sections to the main eastern and western elevations.

The site slopes gently down from the north to the south and is rectangular in shape, extending to 0.32 acres / 0.13 hectares.

Internally, the property has been arranged to provide retail sales accommodation along with ancillary storage, plant, office and staff accommodation to the rear. The property has a Net Internal Area of 3,842 sq ft and a Gross Internal Area of 4,144 sq ft.

To the rear of the property the tarmac surfaced yard area is used for servicing and also provides 23 customer car parking spaces accessed directly from Featherhall Terrace.

Location

The property is located within Corstorphine, a popular and affluent residential suburb located approximately 3 miles west of Edinburgh city centre. St Johns Road (the A8) is a main

arterial route in and out of Edinburgh and runs through the area, just to the north of the property. Corstorphine has a local population of 5,600 and is designated a conservation area.

The catchment within a 5 minute drive time swells to 23, 647.

The property is located at the junction of Manse Road and Featherhall Terrace, just to the south of St Johns Road, which forms the main suburban high street for the area. The immediately surrounding area is predominently in residential use.

Accommodation

4,144 Sq.Ft

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.