Unsold Lots

Location

Tranent is a small market town (population 6,000) 12 miles east of Edinburgh city centre. The town is close to the A1giving good access to Edinburgh and the surrounding area. The property is located in a popular part of the town, towards the northern side.

Directions

From Edinburgh, take the A1 and leave the road at the junction of the A198 signed Cockenzie and Tranent. Follow signs for Tranent and after entering the town, the property is 300m on the right on Church Street. Alternatively, from the centre of Tranent head north from The High Street (A199) onto Church Street (B6371) and the property is 200m on the left.

Tenancies

Retail Investment at 58 Church Street The premises are let to Mr Valentine trading as Bathrooms in One Ltd. The heads of terms for an extension to his original lease have been agreed they are currently in solicitor's hands. The lease is to be extended for 3 years from 28th February 2010 at a rental of £ 6,000 per annum.

Two Flats at 11 & 11a Church Street Both flats are subject to Short Assured Tenancies at a rental of £5,460 per annum for No.11 and £5,280 per annum for No. 11a. Both tenants have been in occupation for several years.

Description

There are essentially four parts to the property: Ground on the northern end of the site; a retail investment at 58 Church Street; two flats occupied under Short Assured Tenancies, located above the retail investment and an area of ground to the south.

Retail Investment at 58 Church Street: The shop is located on Church Street, a busy route connecting the town with Cockenzie and the A1. The total area occupied by the shop is 15m x 10m approx. The premises occupy the ground floor of a two storey building with the two residential flats above.

The shop has a double entrance door and display windows on either side facing Church Street and a rear entrance door onto Elder Street. A single sales area (8.80m x 8.85m) covers the front of the building and has a part glazed office in one corner. To the rear is a large office / storage room connecting to a further two office / storage rooms. The shop and office / storage rooms have laminate flooring and recessed fluorescent lighting. Heating is provided by electric panel wall heaters. There is a staff kitchen and both male and female toilets. The decoration is in good order and the overall the shop provides pleasant and bright accommodation.

Two Flats at 11 & 11a Church Street: These flats are above the shop at 58 Church Street. Both are in good condition, with long standing tenants, and provide good sized rooms. The flats have a pitched and slated roof, gas central heating and comprise:

Flat No. 11: KITCHEN (3.65m x 2.9m), BATHROOM (3.3m x 1.7m), BEDROOM 1 (4.08m x 3m), LIVING ROOM (4.8m x 4m) and BEDROOM 2 (4.1m x 4.45m), BOX ROOM (2m x 2m). Flat No. 11a: KITCHEN (4.25m x 2.9m), BATHROOM (2.8m x 1.7m plus 1.65m x 0.5m), BEDROOM 1 (2.9m x 4.45m), LIVING ROOM (4.1m x 5m), BEDROOM 2 (4.4m x 3m), BOX ROOM (3m x 2m).

Ground to South: This area (42m x 15m approx) includes areas of garden ground used by the occupiers of the two flats and two domestic garages. Further to the south, the other half of this area is essentially undeveloped and generally flat, mostly covered in grass. Land to North: This area of ground (23m x 15m approx) is a flat grass covered area that has never been developed.

Site Summary

• Land to North 345 sq.m
• Retail Investment 150 sq.m (£6,000 p.a.)
• 11 Elder Street (£5,560 p.a.)
• 11a Elder Street (£5,280 p.a.)
• Land to South 630 sq.m
• Total 1.125 sq.m (£16,840 p.a.)

Planning

East Lothian Council, Tel: 01620 827 216.

Tenure

Owner with part vacant possession

Viewing

Externally at any time. Internal viewing by arrangement through the Auctioneers, SVA Property Auctions Ltd, Tel: 0131 624 6640.