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Description

This property is offered for sale as an Investment sale Asking Price: Offers over £ 1,370,000 Last verified 13 August 2008 Offers in excess of £1,370,000 exclusive of VAT are sought for the benefit of the heritable interest. A purchase at this level would represent a net initial yield of 8.54% after deduction of purchaser’s costs of 5.75%. Unit 8B is let to Storage Express Limited on a new 15 year FRI lease from 1 December 2007. The initial rent is £63,750 per annum. The lease benefits from five yearly upwards only rent reviews. The tenant is entitled to terminate the lease on the 5th and 10th anniversaries of the lease start date on giving not less than six months prior written notice. Rent Cover Our client will offer 18 months rent cover on the vacant unit at £60,000 per annum. Further details are available upon application to the marketing agent.

Comments
The subjects comprise a single-storey industrial unit of steel portal frame construction with a solid concrete floor and profile clad walls under a pitched profile clad roof. Lighting to the property is provided by a mixture of translucent roof panels and sodium fitments.
The building has been split to provide two industrial units of 15,000 sq ft each.
Both units are arranged to provide open space and benefit from a minimum eaves height of 6 metres, 3-phase power supply, kitchen facilities and male and female toilets. Both units benefit from electric roller shutter doors with separate pedestrian access provided.
The building is situated within a shared secure yard.
The property is located within the popular Macmerry Industrial Estate in Tranent, which lies approximately 12 miles to the south east of Edinburgh City Centre. Access to the estate is via the A1 trunk road, which in turn connects to the A702 Edinburgh City By-Pass, providing access to the Central Scotland’s motorway network.
The subjects are located to the west side of the estate, neighbouring occupiers include East Lothian Council, George Anderson and Sons and Hart Builders.

Property Parts
Unit 8A 15,000 Sq Feet
Unit 8B 15,000 Sq Feet
Total Area 30,000 Sq Feet

Features
Single Storey Layout
3 Phase Power
Canteen

Notice
Unless otherwise indicated, all information displayed is copyright © 2008 Scottish Property Network Limited.  Information provided, including information on any property identified as available for sale, lease or disposal can not be guaranteed accurate and should not be regarded as an offer to sell, lease, or otherwise dispose of that property.