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3 Greenhall Rd 2,823 SF 100% Leased Retail Building Gorebridge EH23 4AW $421,252 CAD ($149.22 CAD/SF)
INVESTMENT HIGHLIGHTS
- PRIME NEW LISTING. We are excited to present this 2.34 acres (0.95 hectares) plot of land located within a prime location in Gorebridge.
- This plot offers incredible rental income potential. With new-build homes in the area achieving between £1,500 and £2,000 per calendar month, a completed scheme of 20–30 units could generate an impressive gross rental income ranging from £360,000 to £720,
- The property holds significant planning and investment appeal. Identified within the Midlothian Local Development Plan under planning policy DEV 2, it supports the principle of development and long-term value growth. This makes it an enticing prospect for
- Comparable properties in the area have demonstrated considerable potential for development and investment, supporting a Gross Development Value (GDV) of approximately £5.0m – £7.5m.**(Sales Evidence: 6, South Quarry Drive, Gorebridge EH23 4GS sold for £23
- Additionally, the land provides an attractive prospect for alternative use or interim income. Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space. Comparable uses in the
EXECUTIVE SUMMARY
• PRIME NEW LISTING. We are excited to present this 2.34 acres (0.95 hectares) plot of land located within a prime location in Gorebridge.
• This plot offers incredible rental income potential. With new-build homes in the area achieving between £1,500 and £2,000 per calendar month, a completed scheme of 20-30 units could generate an impressive gross rental income ranging from £360,000 to £720,000 per annum. This opportunity is sure to catch the eye of both short and long-term investors.
• Additionally, the land provides an attractive prospect for alternative use or interim income. Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space. Comparable uses in the area have achieved strong monthly rents, offering investors the chance for immediate and flexible income generation.
PRIME NEW LISTING. We are excited to present this 2.34 acres (0.95 hectares) plot of land located within a prime location in Gorebridge.
This plot offers incredible rental income potential. With new-build homes in the area achieving between £1,500 and £2,000 per calendar month, a completed scheme of 20-30 units could generate an impressive gross rental income ranging from £360,000 to £720,000 per annum. This opportunity is sure to catch the eye of both short and long-term investors.
Additionally, the land provides an attractive prospect for alternative use or interim income. Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space. Comparable uses in the area have achieved strong monthly rents, offering investors the chance for immediate and flexible income generation.
Gorebridge is a charming village situated in Midlothian, known for its beautiful countryside views and excellent transport links to Edinburgh. It offers a peaceful yet convenient lifestyle with a blend of local amenities and the beauty of the Scottish landscape.
• This plot offers incredible rental income potential. With new-build homes in the area achieving between £1,500 and £2,000 per calendar month, a completed scheme of 20-30 units could generate an impressive gross rental income ranging from £360,000 to £720,000 per annum. This opportunity is sure to catch the eye of both short and long-term investors.
• Additionally, the land provides an attractive prospect for alternative use or interim income. Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space. Comparable uses in the area have achieved strong monthly rents, offering investors the chance for immediate and flexible income generation.
PRIME NEW LISTING. We are excited to present this 2.34 acres (0.95 hectares) plot of land located within a prime location in Gorebridge.
This plot offers incredible rental income potential. With new-build homes in the area achieving between £1,500 and £2,000 per calendar month, a completed scheme of 20-30 units could generate an impressive gross rental income ranging from £360,000 to £720,000 per annum. This opportunity is sure to catch the eye of both short and long-term investors.
Additionally, the land provides an attractive prospect for alternative use or interim income. Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space. Comparable uses in the area have achieved strong monthly rents, offering investors the chance for immediate and flexible income generation.
Gorebridge is a charming village situated in Midlothian, known for its beautiful countryside views and excellent transport links to Edinburgh. It offers a peaceful yet convenient lifestyle with a blend of local amenities and the beauty of the Scottish landscape.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
2,823 SF
Building Class
C
Year Built
1960
Price
$421,252 CAD
Price Per SF
$149.22 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Greenhall Food Bar
- -
- 1,203 SF
- -
- -
- Sea Garden Chinese Takeaway
- -
- 401 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Greenhall Food Bar | - | 1,203 SF | - | - | ||
| Sea Garden Chinese Takeaway | - | 401 SF | - | - |
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Prime Property Auctions Scotland Ltd
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3 Greenhall Rd
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