The subjects comprise a ground floor and basement class 1A premises of traditional stone construction, contained as part of a larger 4 storey building, being surmounted by a pitched and slated roof. The subjects are accessed through a centrally located pedestrian door, whilst benefiting from dual full height display windows to either side.
Internally at ground floor level, the subjects offer open plan office/sales accommodation, with rear office/storage and a small kitchenette area. Full height stairs afford access to basement level, whereby storage and two x W/C compartments can be found.
Location
Abbeyhill is a popular district that lies approximately 1 mile east of Edinburgh’s city centre. Montrose Terrace itself lies at the foot of London Road, the main passing thoroughfare from Edinburgh’s east-end towards the Easter Road, Abbeyill, Meadowbank and Portobello districts of the city.
The premises is situated at 50 Montrose Terrace and is surrounded by primarily commercial occupiers at ground floor level with what we assume to be private residential dwellings 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:
Office, sales, storage, staff Ground Floor - 68.93 sq m (742 sq ft)
Storage, W/Cs Basement - 38.15 sq m (411 sq ft)
Total - 107.09 sq m (1,152 sq ft)
Terms
SERVICES: The subjects benefit from mains electricity, gas, 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 £9,400. This means that any new tenant may be eligible for 100% 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 Abbeyhill/London Road district of Edinburgh
- Benefits from full height dual display windows
- Offers over £195,000 (exc. of VAT)