10 Manse Road, Edinburgh, EH12 7SN
Availability
For Sale
Price
£1,000,000
Description
The subject property is a purpose built, standalone, single storey supermarket premises which dates from the early 1980s. The roof structure would appear to be of a steel frame construction over traditional cavity constructed walls either finished in an outer skin of facing brick or dry dash render. The Manse Road elevation has a glazed frontage incorporating the tenant’s corporate facia and a canopy. The roof is predominantly flat construction with slate finish to the mansard roof sections to the main eastern and western elevations. The site slopes gently down from the north to the south and is rectangular in shape, extending to 0.32 acres / 0.13 hectares. Internally, the property has been arranged to provide retail sales accommodation along with ancillary storage, plant, office and staff accommodation to the rear. The property has a Net Internal Area of 3,842 sq ft and a Gross Internal Area of 4,144 sq ft. To the rear of the property the tarmac surfaced yard area is used for servicing and also provides 23 customer car parking spaces accessed directly from Featherhall Terrace.
Location
The property is located within Corstorphine, a popular and affluent residential suburb located approximately 3 miles west of Edinburgh city centre. St Johns Road (the A8) is a main arterial route in and out of Edinburgh and runs through the area, just to the north of the property. Corstorphine has a local population of 5,600 and is designated a conservation area. The catchment within a 5 minute drive time swells to 23, 647. The property is located at the junction of Manse Road and Featherhall Terrace, just to the south of St Johns Road, which forms the main suburban high street for the area. The immediately surrounding area is predominently in residential use.
Key Points
- Prominent and busy location in the Edinburgh suburb of Corstorphine
- Property extends to 4,144 sq ft GIA on a site of 0.32 acres
- Let to Iceland Foods Limited until 27/02/2030 subject to a break option in 2025
- Heritable interest
- Current rent of £50,000 p.a (£13.01 per sq ft). with guaranteed minimum uplifts to £56,357 in 2020 and £63,762 in 2025
- Strong redevelopment potential in the long term, subject to securing planning consent
- Offers in excess of £1,000,000 (One Million Pounds Sterling) excluding VAT and subject to conclusion of missives. This reflects a Net Initial Yield of 5.33% assuming standard purchaser’s costs, LBTT and that the vendor “tops up” the rental income to £56,357 from date of sale, until the next rent review
Size
4,144 sq ft (384.00 sq m)
gmartin@eyco.co.uk 
0131 558 5136 
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