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Offices With Residential Conversion Potential, 13 South Charlotte Street, Edinburgh, EH2 4AS

1,538 Sq Ft / Offices

For Sale - £450,000.00

Available - Last updated: 15 December 2020

13 South Charlotte Street is an A Listed purpose built classical sandstone tenement, built is c1790 and arranged over basement, ground and three upper floors. Set upon the first floor of the building the office is accessed via a well maintained communal stair. Originally built as a residential dwelling, the property has most recently been used as office space, but has largely retained its traditional layout and a number of period features. Comprising a total GIA of 142.9 Sqm (1,538 Sqft) the property benefits from views across to Charlotte Square.

Internally the property features suspended timber floors, painted walls and ceilings, decorative cornicing and period fireplaces. Natural light is provided via large timber-framed sash and case windows, artificial light is provided via pendant ceiling lights.

Location

The property is located in the south west corner of Charlotte Square, on the south side of its junction with Rose Street, in the heart of Edinburgh’s New Town; a highly sought after area comprising many beautiful Georgian terraces, crescents and garden squares. It benefits from all of the advantages of city living, with the bustling George Street and Princes Street on the doorstep, providing a wide range of local and national retailers, restaurants, cafes and bars. The city’s main business district is close by, as are the West End and Stockbridge where one can find an excellent array of local independent traders. Many of Edinburgh’s cultural and entertainment venues are within easy reach, including The Scottish National Portrait Gallery, The Usher Hall and the Lyceum Theatres. Pleasant walks can be enjoyed in the lovely green spaces of Princes Street Gardens and Charlotte Square, for which access is available for a modest annual fee.

Accommodation

Approximate Gross Internal Floor Area - 142.9sq m (1,538 sq ft)

Terms

Vacant Possession - The property is sold with the benefit of vacant possession

Rateable Value - The rateable value for the property is £15,800 (www.saa.gov.uk)

Energy Performance Certificate - The premises have an EPC rating of E

VAT - The property is elected for VAT

LBTT - The property is currently in commercial use, so the Non Residential LBTT rates will apply to the purchase.

Financial Guarantee/ Money Laundering - All offers to purchase the property (regardless of whether the offer is on a cash basis or subject to loan funding) must be accompanied with evidence of Source of Funds. This can be in the form of a bank statement showing the purchase price, a financial reference from a bank / funding source, or confirmation from a solicitor that the purchaser has sufficient funds to complete the purchase. In addition, the purchaser must supply certified copies of his/ her passport and confirmation of residence in terms acceptable under anti money laundering (AML) legislation. These documents will be required for all individuals who will appear on the title once the transaction is complete.

Planning - The property, which is currently in office use, has potential for conversion to residential, subject to obtaining all necessary consents. Two alternative schemes for the conversion of the building to a 3 bedroom apartment have been put together by Steven Fraser Architecture. For more information please contact Steven Fraser on 0131 346 1102 or email steven@stevenfraser.co.uk 13 South Charlotte Street is A Listed and is situated within the New Town Conservation Area.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in excess of For Sale Freehold £450,000.00 NA

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Contact agents

Simon Capaldi

Knight Frank LLP

0131 610 0512



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