Land at 3 Piershill Terrace, Edinburgh, Midlothian, EH8 7ES

Lot Image

Auction sale - Monday 19th February 2018

Result:

Sold for £170,000

Upon the instructions of


  • Heritable development/investment land of about 0.086 acres (0.0349 hectares)
  • Residential location
  • Producing £1,800 per annum (1)

Details

Location

Summary: The site is located on Peirshill Terrace near its junction with Portobello Road in Craignty, a suburb of Edinburgh
Miles: Edinburgh city centre 1.9 miles
Roads: A1140, A1
Rail: Edinburgh Waverley, Brunstane
Nearby Occupiers: Domino's Pizza, Willowbrae Bowling Club

Description

The property comprises an irregular shaped site of about 0.086 acres (0.0349 hectares) that is currently occupied by Edinburgh and Lothians Miniature Railway Club (holding over - refer to the legal pack). The site could be of interest to an investor/developer. The site has a timber frame building on it and is located in a mainly residential area and could therefore suit a possible residential development, subject to obtaining all necessary consents

Tenure

Heritable

Planning

The City of Edinburgh Council (0131 200 2000) www.edinburgh.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Acres Hectares Lease Terms Rent £ pa
TOTAL 0.086 0.0349 £1,800
3 Piershill Terrace Edinburgh and Lothians Miniature Railway Club (1) 0.086 0.0349 Lease expired 14/08/2016 £1,800
Please note that any plans or photographs used are to help locate the property and may not show the exact legal boundaries. Prospective purchasers are advised to refer to the title plan in the legal pack. The areas have been provided by the vendor.
(1) The lease is currently operating under tacit relocation and will continue if neither party serve the appropriate notice (refer to legal pack).

Contact

Seller's solicitor

Anderson Strathern

Rhian Griffiths

0131 270 5358 (ext 1358)

rhian.griffiths@andersonstrathern.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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