Balcarres Street has recently seen the completion of a new McCarthy & Stone, one and two bedroom apartment development of 39 Retirement Living Apartments.
The premises are accessed through a shared pend directly off Balcarres Street. Balcarres Street benefits from free on street car parking. The subject premises are situated on the north side of Balcarres Street directly adjacent to the Edinburgh Council Transport Depot and comprises of a two storey brick built office, a brick built warehouse under a pitched and slated roof and secure yard. Immediate occupiers within the area include; Alba Motor Company, Stone Conservation Limited, Edinburgh Ceramics and Edinburgh Stained Glass House.
Location
Morningside is an affluent suburb situated approximately 3 miles South West of Edinburgh City Centre. Morningside Road (A702) is one of the main arterial routes into the city from the south and connects with the Edinburgh City Bypass (A720) at the Fairmilehead junction. There area has excellent public transport links with 7 Lothian Bus routes serving the city centre and immediate area and additional services to the Scottish Borders and beyond. Morningside benefits from a number of local amenities including Churches, Morningside Primary School and Doctors Surgeries together with retailers in the area including; Marks & Spencer, Waitrose, Superdrug, Boots, Specsavers, Nationwide and Blackwood Coffee.
Accommodation
We have measured the subjects in accordance with the RICS Code of Measuring Practice (6th Edition) and have calculated the following gross internal area:
Buildings
Offices - 2,097 sq ft
Warehouse/Store - 8,209 sq ft
Total - 10,306 sq ft
We calculate the site area to be 0.085Ha (0.21 acres).
Terms
Rateable value
The premises are currently entered in the valuation roll for 2010 as a store:
Store: £XXX
Tenure
The heritable interest is offered with the benefit of vacant possession with offers invited.
Legal Costs
Each party to bear their own legal costs in the documentation of this transaction; however the purchaser will be responsible for any SDLT, Registration Dues and any VAT incurred thereon.
VAT
The property is not VAT elected and therefore no VAT will be payable on purchase price.
Entry
To be mutually agreed.
Specification
• May be suitable for alternative uses subject to planning,
• Potential for site assembly,
• Site footprint of 0.085Ha (0.21 acres),
• EPC Rating: C+,