David Allison & Company is a commercial property consultancy based in Glasgow, Central Scotland. We are a comprehensive surveying and valuation practice providing commercial property solutions for large Plc’s, small private companies, individuals, pension providers, property companies and many more who all work with us and come back to us as they like, trust and value the significant contribution we make to their business or to them personally.

 

85 Newton Church Road

£365,000

Danderhall, EH22 1LX

Details

  • £365,000
  • Investments , Investments
  • Size: 2,005 sq ft.
  • Date Available: Immediately

    PDF-Brochure

    PRIMARY HEALTHCARE INVESTMENT

    • Located in an expanding residential area with high demand for primary healthcare services.
    • Modern purpose-built medical centre.
    • New lease to Scottish Ministers for a 15-year term (Tenant only break option at end of Year 10) on FRI terms (subject to a Schedule of Condition)
    • Initial Rent of £26,500 per annum
    • Three yearly rent reviews to Market Rent.

    Description

    Danderhall Medical Centre comprises a modern single storey purpose-built surgery erected on a site extending to around 0.14 hectares (0.35 acre) and surrounded by landscaped grounds with a surfaced car park for staff and patient use. There is currently a substantial modular building extension attached to the property which is not included within the sale but which is separately leased by the Health Board from the supplier.

    Location

    The property is located in Danderhall, an expanding community on the south eastern outskirts of Edinburgh, immediately north of the A720 Edinburgh bypass and the Sherriffhall Roundabout. The property occupies a prominent site in the centre of the village, at the junction of Edmonstone and Newton Church Roads, and surrounded by new housing developments including Shawfair to the east.

    Accommodation

    Entrance Lobby; Reception and Administration Office; Patient’s Waiting Area; 5 Consulting Rooms, Treatment Room, Staff and Patient toilets, stores and plant room. (excludes portacabin extension)

    Floor Areas

    We measure and calculate that the net internal floor area for the property is as follows: 

    Floor NIA (Sq m) NIA (Sq ft)
    Ground 186.27 2,005

    *The portacabin extension which is not included within the sale extends to an NIA of approximately 167.91 sq.m. (1,807 sq.ft.)

    Tenure

    Heritable (Scottish equivalent to English Freehold).

    Lease Terms

    The property is leased to the Scottish Ministers for a term of 15 years on tenant’s fully repairing and insuring

    terms (subject to a schedule of condition) from February 2023. The initial rent is £26,500 per annum exclusive and is subject to review at three yearly intervals to Market Rent.

    Energy Performance Certificate

    The property has an Energy Performance rating of ‘B’ and a copy of the certificate is available on request.

    Proposal

    We are instructed to seek offers in excess of £365,000 for our client’s heritable interest in the property. A purchase at this price would reflect a net initial yield of 7% assuming purchaser’s costs of 3.72% including LBTT.

    All interested parties are to note interest with the sole selling agent, David Allison & Company.

    VAT

    The property is not elected for VAT. VAT will not be payable on the purchase price.

    Further Information

    For further information or to arrange an accompanied inspection, please contact the sole selling agent.

    Agent(s) for this listing

    Stephen McVey

    Consultant
    Office: 0141 375 1555
    Fax: 0141 375 1666
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