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Description

This property is offered for sale as an Investment sale Asking Price: Offers over £ 400,000 Last verified 21 July 2008 Offers over £400,000 for the heritable interest in the subjects. The owner is looking to dispose of their heritable interest in the subjects on a sale and leaseback basis and will consider offers both on the basis of a straight 10 year lease, or the basis of a 10 year lease with a tenant only break option at year 5. The lease will be in the name of Amplifon Ltd, on FRI terms, with 5 yearly rent reviews. The initial rental will be £25,000 per annum, which equates to a Zone A rate of £52.41 Experian Credit Check Reports, available publicly, show Amplifon Ltd to display a rating of Very Low Risk (confidence). Further details are available upon application to the marketing agents.

Comments
The subjects comprise a single windowed lock up retail unit, arranged over the ground floor of a four storey mid-terraced stone built period property, under a part pitched and slated part flat felt roof.
Internally the accommodation comprises ground floor reception area, two treatment rooms, single WC and staff room.
The subjects are located on Lothian Road in the heart of the Exchange District of Edinburgh and a few hundred meters from Princes Street. The property is situated on the east side of Lothian Road just south of the junction with Castle Terrace.
This is an area which has seen significant office developments in recent years and Lothian Road is an established secondary retailing location benefiting from a mix of local and national traders and a number of restaurants and public houses.
Neighbouring occupiers in close proximity include: Clydesdale Bank, Standard Life, Cafe Nero and Paper Tiger.

Property Parts
Ground Floor Retail Unit 583 Sq Feet

Features
Single Storey Layout
1 Trading Floor
1 Total Floor

Notice
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