The subjects comprise a garage style lock-up which could be ideally used for storage. The unit is of stone brick construction with a corrugated roof, supported by wooden beams. The unit has a solid concrete floor, with lighting being provided by clear corrugated roof sheets and florescent tube lighting. Water and electricity is also supplied to the unit. The unit has a large, metal roller shutter to the front, as well as a small entrance door to the right of the roller shutter, and is electrically alarmed.
Location
The subjects are located on Hope Lane North, just off Portobello’s busy High Street. The unit lies on the Western side of the High Street, just before the road subsequently connects onto Abercorn Terrace.
Portobello itself is a popular suburb of Edinburgh located approximately 3 miles east of the city centre and lies on the shore of the Firth of Forth with a popular promenade and beach. Portobello High Street is mixed in character, primarily with commercial occupiers on ground floor level and residential flats above.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:
101 sq m (1,088 sq ft)
Terms
RATEABLE VALUE - According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £4,950 per annum.
It should be noted under the terms of the Small Business Bonus Scheme, the property maybe eligible for 100% rates relief.
LEASE/SALE TERMS - Offers over £4,800 are invited with the property being let on a Full Repairing and Insuring lease for a negotiable period. Sale terms can be given out upon request.
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
VAT - All prices quoted are exclusive of VAT which maybe chargeable.
LEGAL COSTS - Each party will be responsible for paying their own legal costs incurred in this transaction.
ENTRY - Upon completion of legal formalities.
Specification
- Garage/Lock-up style unit located just off Portobello High Street
- Ideally suited for storage
- 101 sqm (1,088 sqft)
- Offers over £4,800 per annum