Land at 3 Piershill Terrace, Edinburgh, Midlothian, EH8 7ES
Auction sale - Monday 19th February 2018
* Guide price:
The successful purchaser will be required to pay a buyer’s administration fee of £990 (inclusive of VAT). Other additional costs/fees may apply – click here.
Upon the instructions of
- Heritable development/investment land of about 0.086 acres (0.0349 hectares)
- Residential location
- Producing £1,800 per annum (1)
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
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
The City of Edinburgh Council (0131 200 2000) www.edinburgh.gov.uk
Refer to the legal documentation
Energy Performance Certificate
|Address||Tenant||Acres||Hectares||Lease Terms||Rent £ pa|
|3 Piershill Terrace||Edinburgh and Lothians Miniature Railway Club (1)||0.086||0.0349||Lease expired 14/08/2016||£1,800|
(1) The lease is currently operating under tacit relocation and will continue if neither party serve the appropriate notice (refer to legal pack).
0131 270 5358 (ext 1358)
* 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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