For Sale
64 Bridge Road
Colinton
Edinburgh
EH13 0LQ
November 2016
 Prominent Class 2 unit with rental and ATM income (£3,000 pa for 5 yrs)
 2,555 sq ft (of which 37 sq ft is demised for the ATM Bastion Unit in
extended position)
 To be sold at SVA Auction on 30 November 2016 at the Trades Hall of
Glasgow
 Guide Price: £160,000
gva.co.uk
Location
The property is situated within Colinton, an affluent residential
suburb in the west of Edinburgh approximately 5 miles from the
City Centre. The property occupies a prominent position within a
small village ‘High Street’ setting where neighbouring occupiers
include a restaurant, a dentist and an optician. The branch sits
prominently on Bridge Road, a busy thoroughfare with excellent
footfall and passing traffic, at its junction with Spylaw Street which
leads to the Water of Leith. The property sits at the end of the retail
pitch with the surrounding area predominantly residential.
Rateable Value
£20,000. The property will require re-assessment to reflect the
alterations arising from the separation works related to the
ATM and the resultant changes to the floor space.
EPC
The property benefits from an EPC rating of F.
Tenancy
The lock-up store accessible from Spylaw Street is currently
let to Thin Ice Sports on a rolling monthly license at an annual
rent of £1,400 offering a prospective purchaser income.
Tenure
Owner Vacant Possession with the exception of the ATM
letting/stores letting detailed above. The property will be sold
subject to certain restrictions preventing the following uses:
Businesses involving money lending, pawnbrokers/adult sex
shops, bookmakers or other gambling businesses,
banks/building societies, bars/public houses, the sale of
firearms and the sale of any paraphernalia associated with
illegal drugs.
Leaseback of ATM
Description
The property comprises an attractive two storey, end terrace
building over ground and lower ground floor. The property is of
traditional stone construction with a rendered finish under a flat
roof. Free on-street car parking is available in the vicinity.
Access to the property is from Bridge Road with rear access at
street level from Spylaw Street. There is a separate lock-up which is
also accessed from Spylaw Street. This lock-up is currently let on a
month to month lease. The flat roof of the lock-up provides a
gated open space. Internally the ground floor provides the formal
banking hall and staff area. The lower ground comprises two
strong/safe rooms, two further storage rooms, kitchen and WCs.
There is a dumb waiter lift between both levels.
Accommodation
Ground Floor
Basement
Store
ATM Secure
Area -Extended
Total
Sq m
(Sq ft)
120.3
81.85
31.77
3.4
1,295
881
342
37
237.32
2,555
The bank’s ATM will remain in situ to which the bank will be
granted a Right of Access to the ATM Bastion unit for the
purposes of servicing it. Upon completion of the sale a new
lease will be granted to Royal Bank of Scotland Plc who will
pay an annual rent of £3,000 per annum, inclusive of VAT.
The tenant will be granted an initial period of 3 months’ rent
free at commencement of the lease. The tenant will insure
the ATM unit only. In addition, the tenant will be permitted to
install a CCTV system in connection with the ATM.
The tenant will remove the ATM and any CCTV system at the
end of the lease term. The lease is on standard lease terms
and cannot be negotiated by the purchaser. A copy of the
lease is included in the information pack and prospective
purchasers are advised to familiarise themselves with this
prior to bidding at the auction.
Services
The Purchaser will be responsible for the electricity supply.
The tenant will make a £200 per annum payment, for the
duration of the tenancy, to the Landlord as a contribution
towards the Landlord’s utility costs.
Viewings
Viewings and further information will be available through
the agent, Bilfinger GVA or Auctioneers, SVA Property
Auctions Ltd.
For further information or an appointment to view please
contact:
Planning
Kyle Williamson
T: 0131 469 6031
E: [email protected]
The property is suitable for office and retail use subject to the
restrictions noted below (see Tenure). Alternative uses may be
possible and interested parties should make their own enquiries to
Edinburgh
City Council. Tel: 0131
529
3550 or E:
[email protected].
Nicola Currie
T: 0131 624 6640
E: [email protected]
The property is Grade C listed and located within a Conservation
Area.
Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the 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 intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract.
(ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but
any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of
them.
(iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property.
(iv) all rentals and prices are quoted exclusive of VAT
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Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.