The property comprises two car showroom buildings providing a combined 2,960.5 sq m (31,867 sq ft), of total accommodation which have been extensively refurbished and sits on a site with an area of approximately 0.65 hectares (1.60 acres), providing a low site cover of 37%
( Agency Pilot Software ref: 15083 )
Location
The subject premises are located on the south side of Bankhead Drive and benefi t from a highly prominent position within Sighthill Industrial Estate, Edinburgh’s premier industrial location. More precisely Sighthill Industrial Estate is approximately 4 miles west of the city centre and benefi ts from immediate access to the Edinburgh City Bypass (A720) and the M8 (EdinburghGlasgow motorway). The estate is well situated to serve not only Edinburgh city centre but also central Scotland via the motorway network. The premises are within easy walking distance (2 minutes) of the Bankhead Tram Stop providing quick and easy access to the Airport and city centre destinations.
Accommodation
2,960 SQ M (31,867 SQ.FT)
Terms
BUSINESS RATES We have been advised by the local assessors department that the premises has a Rateable Value (2023/2024) as follows: RV £397,500
ENERGY PERFORMANCE CERTIFICATE Available on request.
TENANCY The property is let to Cazoo Properties Limited (guaranteed by Cazoo Limited) until 17th March 2042 with a current rent of £355,000 per annum. Rent reviews are fi ve-yearly, annually compounded and RPI-linked (collar of 2% and cap of 4%)
TENURE The heritable interest is available to purchase with the lease in situ or vacant possession. Please contact the sole selling agents for further information. Interested parties are advised to note their interest in writing to ensure they are kept updated of any closing date.
VAT All prices are quoted exclusive of VAT.
LEGAL COSTS Each party will be responsible for their own legal costs incurred in this transaction. In the normal manner, the ingoing tenant will be liable for any LBTT, registration dues and VAT thereon. All prices quoted are exclusive of VAT.
Specification
- PROMINENT SITE FRONTAGE TO BANKHEAD DRIVE, WITHIN A WELL ESTABLISHED BUSINESS LOCATION WITH CLOSE PROXIMITY TO THE CITY CENTRE
- LARGE SITE AREA OF 0.65 HA (1.60 ACRES)
- WITH LOW SITE COVERAGE OF 37% EXTENSIVE SHOWROOM AND WORKSHOP ACCOMMODATION
- SUITABLE FOR ALTERNATE USES