23 Mayfield Industrial Estate, Dalkeith, EH22 4AD

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£2,750,000 Industrial for sale

Description

The Property Advantage are delighted to bring to the market this fantastic industrial investment opportunity.

- Opportunity to acquire a prime leisure investment.

- 73% let to Ryze Edinburgh Ltd – a firmly established and popular trampoline park operator.

- WAULT to expiry 8.16 years (no breaks).

- Total passing rent roll of £284,479.

- Extends to an approximate GIA of 4,978 sq m (53,582sq ft).

- Situated only 9 miles from Scotland’s capital city.

LOCATION:

Located in Dalkeith, Midlothian, some 7 miles south-east of Scotland’s capital city, Edinburgh. With a population reach in excess of 500,000 within 30 minutes, it is the administrative centre for Midlothian Council. The units lie a short distance from a major interchange on the A720 Edinburgh City Bypass, the Sheriffhall Roundabout, offering excellent road connectivity. The A1 trunk road is less than 3 miles to the east providing access to towns in East Lothian, with the M8 interchange at Hermiston Gait 10 miles westwards.

Mayfield, meanwhile, is approximately 2 miles to the south west of Dalkeith situated between the A68 and A7. Both of these roads are principal links to the Scottish Borders making towns such as Galashiels and Stow easily accessible. The former mining villages of Newtongrange and Easthouses border Mayfield which enjoys elevated views to the Pentland Hills and Edinburgh beyond.

Rail connectivity has improved in recent years with the opening of the Borders Railway connecting Galashiels with Edinburgh Waverley. The nearest station to Mayfield is at Newtongrange, less than 2 miles away, with a further stop at Eskbank only slightly further afield. Bus connections are also readily available providing connections into the city centre.

OCCUPATION:

The subjects occupy a substantial site on Mayfield Industrial Estate, just off the B6482 which runs through the middle of Mayfield itself. The surrounding area is principally residential in nature as the local community continues to expand and become an increasingly popular commuter belt for Edinburgh. There are a number of commercial and industrial occupiers situated on the industrial estate including Interflex Group, NWH Construction Services, Scottish Ambulance Service, Saltire Soccer Centre, NSD International and Lloyds Pharmacy. The National Mining Museum of Scotland is only a few minutes’ drive away in Newtongrange.

The subject property extends to an approximate gross internal area of 53,582 sq ft and comprises a large detached single storey industrial unit on a regular rectangular shaped site. It is of steel framed construction and is clad externally with profile metal sheeting. There is also a small section of two storey offices attached to the west elevation with a mix of brickwork and timber cladding. We understand the property was constructed circa 1985 but has since received a significant amount of capital investment by the current owners to suit the current use. Internally, the main warehouse accommodation has been subdivided into three main sections. The principal space (23A) is occupied by Ryze trampoline park with dozens of interconnecting trampolines raised from floor level. Access is provided by a set of steps at the front of a central reception area. The middle section (23B) consists of additional trampolines.

A mezzanine area, accessed via stairs and a disabled access lift, provides accommodation for a café (23C), seating area and party rooms (23E). It connects with the original office block which has been converted to provide additional party rooms and office space. There is also an open plan room (23G) which is let out for events and Pilates classes. The ground floor of the former office block (23D) is occupied by an expanding gym operator and provides toilet accommodation for customers of the trampoline park.

To the front of the building (West) there is a large tarmac access road and over 130 parking spaces. To the entrance side of the building (North) there is further car parking and green areas. To the rear of the building (East) there is an access road plus green areas. To the far away (South) side of the building (plus access strip to the East), there is a section of land that is being retained by the vendor. However, this can be purchased (if required) by separate negotiations. The subject property has an approx. site area of 1.52 hectares (3.75 acres).

INCOME:

23A Mayfield Industrial Estate - Ryze Edinburgh Ltd - £91,456.21 PA

23B Mayfield Industrial Estate - Ryze Edinburgh Ltd - £70,891.46 PA

23C Mayfield Industrial Estate - Sky High Café - £50,000.00 PA

23D Mayfield Industrial Estate - A-Fit Athletic Ltd - £30,000.00 PA

23E Mayfield Industrial Estate - A-Fit Athletic - £2,255.39 PA

23F Mayfield Industrial Estate - Meadowbank Gymnastics Club - £39,876.00 PA

23G Mayfield Industrial Estate - N/A (ad-hoc rent accrued through letting for business events/additional space)

*Please contact enquiries@thepropertyadvantage.co.uk for further particulars!

Buyer Fee: 2.00% + VAT

Reference: TSC-22441280
AT2891 Ryze Edinburgh - Rates Plan V10 - DRAFT-page-001 0255097 v1.0-page-001 Ozone Site Plan 06.06.19-page-001

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Map

Features

  • Opportunity To Acquire A Prime Leisure Investment.
  • 73% Let To Ryze Edinburgh Ltd – A Firmly Established And Popular Trampoline Park Operator.
  • WAULT To Expiry 8.16 Years (No Breaks).
  • Total Passing Rent Roll Of £284,479.
  • Extends to an Approximate GIA Of 4,978sq m (53,582sq ft).
  • Situated Only 9 Miles From Scotland’s Capital City.

Enquiry

To make an enquiry for this property, please call us on 01743 612 018, or complete the form below.