The subjects comprise a single car parking space set within a modern and purpose-built, secure underground car park of solid concrete construction.
The car park benefits from an automatic roller shutter access point and an EV charging point which is currently not connected.
Location
North West Cumberland Street Lane is located in Edinburgh’s world renowned New Town, only a short distance north of George Street and Princes Street.
New Silvermills Car Park is situated beneath a large residential development. The street is bordered by St Vincent Street to the west and Dundas Street to the east making it easily accessible for cars and pedestrians.
The affluent district of Stockbridge with its mix of independent shops and boutiques is only a short walk away.
Public transport is readily available in the immediate area.
Accommodation
According to our recent measurement survey the premises contain the following approximate gross internal area:
14.57 sq m (156.86 sq ft)
The space is capable of accommodating a standard vehicle, estate, SUV or similar.
Terms
PRICE
Our client is seeking offers over £XXX to dispose of their single share. No VAT is applicable.
TERMS
The sale will comprise the transfer of a single share with no legal contract necessary.
FACTOR FEES
The space is subject to factoring fees from the building factors Ross & Liddell. Further information on this can be provided on request.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £XXX effective 1st April 2023. The uniform business rate for the current year is £XXX pence in the pound.
ANTI-MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due dilligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
ENTRY
Upon the transfer of a single share certificate.
VIEWING AND FURTHER INFORMATION
By contacting the sole selling agent: