FOR SALE RESIDENTIAL DEVELOPMENT OPPORTUNITY
50A Kirkhill Road
Penicuik
EH26 8JB
Location
Penicuik with a resident population of circa 17,000 people is situated on the A701 approximately 8 miles to the South of Edinburgh City Centre. Penicuik is a dormitory town for Edinburgh and is subject to a high volume of new residential developments.
Kirkhill Road is in close proximity to the High Street / A701 and Eskmill Road.
The surrounding area is a primarily residential with Penicuik Cricket Clubs ground, Kirkhill Bowling Club are also in the vicinity.
Description
The subjects comprise a semi-detached single storey traditionally built with sandstone walls under a pitched slate roof that was formerly a School and then a Youth Hostel sitting on a site extending to approximately 0.11 hectares (0.27 acres).
The property is C Listed and benefits from both pedestrian and vehicular access from Kirkhill Road.
Opportunity
The property and the site provide an opportunity for residential conversion subject to obtaining the appropriate planning permissions from Midlothian Council.
Our clients have had indicative plans drawn up showing two residential units, each benefiting from three bedrooms using the footprint of the existing building. These units are circa 156 sq m
(1,679 sq ft) and 136 sq m (1,463 sq ft) respectively. There may be potential to create additional development over the site. No planning application has been lodged for the proposal.
Overage Clawback
Should the purchaser create further development on top of the proposed square meterage within the existing school building then there will an additional clawback provision applicable to the seller.
Energy Performance Certificate
The Energy Performance Certificate (EPC) for the premises is available on request.
Entry
Entry will be upon conclusion of formal legal missives.
Legal & Administration Costs.
The ingoing Tenant will be liable to pay the Council's legal and administration costs incurred in the transaction.
Rateable Value
The Scottish Assessors Association website show the premises entered in the Valuation Roll as follows: -
| DESCRIPTION | RATEABLE VALUE |
| Club | £15,200 |
Quoting Price
Our clients are seeking to sell the heritable interest in the premises. For further information, please contact the sole agents.
Planning
For all planning enquiries, please email development.management@midlothian.gov.uk
Viewing and Further Information
To arrange a viewing or for further information please contact: -
Niall Burns: D/L: 0131 315 0029
E-mail: niall@burnsandshaw.co.uk
Bill Adams – 07716 358 540.
