Peebles EH45 9BUFor Sale Offers over £325,000
Adaptable ground and first floor office / units
Offices - Peebles
Calvary Park is a modern business park situated on the south side of the River Tweed on the eastern edge of Peebles, which lies approximately 25 miles south of Edinburgh City centre. Peebles town centre provides many shops, restaurants, hotels and recreational facilities, in addition to banks and a post office.
Cavalry Park consists of a mix of owner-occupied and tenanted office, storage, retail and light industrial units and businesses. Units 7 and 7a Elm Court were built in 2007 / 2008 and consist of the western half of a 2-storey block. The block is constructed of steel portal frame with part concrete block walls and fully insulated outer cladding and roofing. Internally, the walls are part blockwork, with lightweight partition walls forming the current layout, but easily adaptable. The flooring is solid at ground level and suspended steel and concrete at first floor level.
The units benefit from double-glazed windows throughout, wheelchair lift to unit 7a and alarm system. 10 allocated car parking spaces are also available to the west and north of the building.
UNIT 7 ACCOMMODATION
Ground floor: generous workspace with front door. Open plan workshop and dispatch area with electric up and over garage door; office; store room; kitchenette; and toilet facilities, including a wheelchair access toilet. Gross Internal Area of approximately 153.87 sqM (1,656 sqft).
UNIT 7a ACCOMMODATION
Ground Floor: Own door access to entrance hall with staircase; rear hall with lift.
First Floor: Landing with secured entry door leading into hall with lift. 2 offices; main store; smaller storage room; kitchenette; and toilet facilities including wheelchair access toilet. Gross Internal Area of approximately 161.32 sqM (1,736 sqft).
Mains electricity, water and drainage. Mains gas central heating (single boiler for both units). Security alarm system. Fire detection system. Cat 5 wiring throughout.
The Scottish Assessors Association have entered the subjects in the current Valuation Roll as a Warehouse (Unit 7) with a Rateable Value of £9,200, and an Office (Unit 7a) with a Rateable Value £10,600.
If sold / occupied separately, each unit on its own may qualify for Small Business Rates Relief at the rate of 100% relief.
The 2018 / 2019 non-domestic rate is £0.48 exclusive of water and sewerage charges.
Our clients are willing to sell the units either as a whole or as separate units or enter into a standard Full Repairing and Insuring Lease as a whole or separate units for a term to be agreed.
Offers over £325,000 for the purchase of the units as a whole, or £170,000 for Unit 7 and £155,000 for Unit 7a.
An annual rent of £33,500 is sought for the whole, or £18,000 for Unit 7 and £15,500 for Unit 7a.
Each party to bear their own legal costs for the documentation of this transaction, however, if let, the ingoing tenants will be liable for any SDLT, Registration Dues and any VAT incurred thereon.
Energy Performance Certificates are available from the selling agents.
Unit 7: EPC rating – Band C+ (31)
Unit 7a: EPC rating – Band D (49)
By mutual agreement.
All prices, rents and outgoings are quoted exclusive, but may be liable to VAT.
VIEWINGS AND FURTHER INFORMATION
For further information or to arrange an appointment to view please contact Walker Scott Ireland Ltd. Viewing is strictly by appointment. Interested parties are advised to note interest with Walker Scott Ireland Ltd in order to be kept informed of any closing date that is set. Please note, our client need not accept the highest offer, nor indeed any offer. To comply with current Anti-Money Laundering Regulations, any offer presented must be accompanied with Notarised/certified photographic evidence of the purchaser’s identity and separate evidence of the purchaser’s residential address, or the offering parties must attend our offices with the original documents, before any acceptance of the offer can be confirmed
- 10 Car Spaces
- For sale / to let as whole or as 2 lots