The subjects comprise a ground floor and basement retail premises of traditional stone construction, contained within a larger 4 storey premises, that benefits from a return frontage and is situated on the corner of Easter Road and Albert Street.
The subjects are accessed via a centrally located entrance door on the corner of the frontage, with full height display windows each side, which are protected by metal roller shutters.
Internally, the property was formally utilised as a local convenience store and is well set-up to provide space for various open-panned uses. A small staff/tea prep area was noted to the rear with ample storage space in the basement, with a basic W/C compartment also noted.
Floors throughout are constructed via suspended timber with a nonslip vinyl overlay, walls are a combination of solid and stud with various finishes, dependent on location, and the ceiling was noted to be plastered and painted.
The basement is accessed via a hatch to the rear of the shop and provides ample storage space as well as W/C facilities. Floors are constructed via solid concrete with brick walls and a suspended timber ceiling.
Location
Easter Road is one of the main thoroughfares that connects London Road to the popular Leith district of Edinburgh. Easter Road itself lies approximately 1 mile east of the city centre, and benefits from excellent pedestrian footfall and passing vehicular trade.
More specifically, the property sits on the corner of Easter Road and Albert Street with a highly visible return frontage. The area itself is densely populated with primarily traditional tenement buildings containing residential dwellings to the upper floors, with various national and local commercial occupiers at ground floor level.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition on a Net Internal Area basis in the order of:
NIA: 116.62 sq m (1,255 sq ft)
Terms
SALE - We are seeking offers over £120,000 for the purchase of our client’s heritable interest.
RATEABLE VALUE - According to the Scottish Assessors Association website, the property has a current rateable value of £6,100 and therefore any potential occupier could benefit from 100% rates relief in line with the small business bonus scheme.
ENERGY PERFORMANCE CERTIFICATE - The EPC certificate is available to interested parties on request.
LEGAL COSTS - Each party shall bear their own legal costs in connection with the transaction although in the normal manner the purchaser will be liable for land & buildings transaction tax and registration dues.
VAT - VAT is applicable
Specification
- Rarely available corner retail unit with basement level on popular Easter Road, Leith
- Benefits from excellent visibility via pedestrian footfall and passing vehicular trade
- Suitable for a variety of uses, STP
- NIA of 116.62sqm (1,255sqft)
- Offers over £120,000