The subjects comprise a ground floor and basement class 1A premises of traditional stone construction, contained as part of a larger 4 storey building surmounted by a pitched and slated roof, whilst also incorporating a flat roof element at top floor level. The subjects are located on the return frontage between Montagu Terrace and Royston Terrace and are accessed through a centrally located pedestrian door.
Internally at ground floor level, the subjects offer open plan sales accommodation, with rear office/storage/staff area and a small kitchenette, located behind a part solid/part partition wall. A staircase located to the rear of the main sales area offers access to basement level, whereby generous storage and a single W/C compartment are located.
Location
Inverleith/Goldenacre is a highly desirable and affluent district, located approximately 1 mile to the north of Edinburgh’s city centre. The area is mixed in nature with primarily occupiers at ground floor level, with what appear to be private residential dwellings located above.
The premises itself is situated on Montagu Terrace, approximately 100m to the south of the Ferry Road junction, as well as being bound to the north by the start of Inverleith Row.
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:
Sales, storage, staff, kitchenette - Ground Floor - 58.26 sq m (672 sq ft)
Storage, W/C Basement - 53.99 sq m (581 sq ft0
Total - 112.25 sq m (1,208 sq ft)
Terms
SERVICES: The subjects benefit from mains electricity, water and sewage.
SALE TERMS: We are seeking offers over £195,000 (exc. of VAT) for the outright purchase of our client’s heritable interest (Scottish equivalent of English freehold).
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. The EPC rating is an #.
NON-DOMESTIC RATES: According to the Scottish Assessors Association website, the property has a rateable value of £12,800. This means that any new tenant may be eligible for some form of Scottish Business Rates Relief.
PROPOSAL: All proposals to purchase should be sent directly to the sole marketing agents.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction.
VAT: All prices quoted are exclusive of VAT which may be chargeable.
Specification
- Ground floor and basement class 1A premises available for outright heritable purchase
- Excellent passing vehicular trade and pedestrian footfall
- Suitable for a variety of class 1A uses
- Located in the desirable and popular Inverleith/Goldenacre/Ferry Road district of Edinburgh
- Situated on highly visible return frontage between Montagu Terrace and Royston Terrace
- Benefits from full height display window
- Offers over £195,000 (exc. of VAT)