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Shop In Popular Location, 39 St Leonard Street, Edinburgh, EH8 9QN

204 Sq Ft / Retail / General Retail

For Sale - £60,000.00

Under Offer - Last updated: 15 October 2019

The subjects form a ground floor retail unit as part of a larger 5 storey traditional stone built tenement building surmounted by a pitched and slated roof. The unit is accessed via a timber pedestrian entrance doorway, which leads directly into the main retail/sales section of the unit, where a basic partitioned W/C facility can be found to the rear.

Internally, the premises have been well maintained and are presented to a good standard throughout. The walls are a mixture of solid and stud construction with a plaster and paper finish, with the flooring consisting of a suspended timber nature with a laminate overlay finish. Natural day lighting comes by way of a large, single glazed timber framed display window to the front of the unit, whilst artificial lighting comes from fluorescent strip lighting throughout.

Location

Edinburgh, the capital city of Scotland, has a population of circa 508,000 persons and benefits from a substantial catchment area.  The City is a recognised financial centre and home of the Scottish Parliament as well as being a popular tourist destination, particularly during the peak summer months. Edinburgh is situated on the East coast of Scotland and has excellent transport links via road, rail and air.

The subjects are situated on St Leonard Street in the highly popular area of Newington, just slightly to the south of Edinburgh city centre.  The area provides a good residential and student catchment with plenty of student apartments nearby as well as one of Edinburgh University’s main gym and fitness complex to the bottom of the street at the pleasance.

St Leonard Street runs parallel with South Clerk Street and lies approximately 1.6 miles south of the City Centre. St Leonards Street is a continuation of Dalkeith Road which acts as a main arterial route into the centre and beyond with a substantial volume of traffic utilising it on a daily basis. There is also great transport links with a regular bus service, as well as being in relatively close proximity to Edinburgh Waverly, one of the two main train stations within the capital.

Neighbouring occupiers are mainly of a local nature and include a local public house The Auld Hoose, Kismot Indian and Bangladeshi restaurant, as well as a local hair dresser and other similar styled units.  

Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice, (Sixth Edition) and the Net Internal Area, is as follows:

NIA: 18.98 sq m (204 sq ft)

Terms

ASSESMENT - We have consulted the Scottish Assessor’s website (www.saa.gov.uk) and note that the premises are entered in the current Valuation Roll as follows:-

Rateable Value: £2,650

Occupiers could therefore benefit from 100% rates exemption under the Small Business Bonus Scheme.

ASKING PRICE - Offers over £60,000 exclusive are invited for our clients’ heritable interest in the property with the benefit of vacant possession.

VAT - Any VAT that may be chargeable will be the responsibility of the purchaser.

LEGAL COSTS - Each party will be responsible for their own legal costs.  

Specification

  • Prominent ground floor retail unit
  • In popular location with good residential and student catchment
  • NIA – 18.98 sqm (204 sqft)
  • Offers over £60,000

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers over For Sale Freehold £60,000.00 NA

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Contact agents

Ross Chinnery

DM Hall

0131 610 0764



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