The subjects comprise a ground floor category B listed retail premises of traditional stone construction, contained within a larger 3 storey premises surmounted by a pitched and slated roof. The premises is accessed via a pedestrian entrance door to the left-hand side of the premises that is protected by heavy duty timber security doors, with the timber framed and single glazed display window to the right-hand side further protected by a metal security grate.
Internally, the subjects comprise an open plan sales/retail space with a small W/C compartment located to the rear right. The flooring is constructed via suspended timber with the walls noted to be solid benefiting from a plaster and paint finish, with some timber cladding noted in part. The ceilings were further noted to be plastered and painted incorporating fluorescent tube light fittings.
Location
The subjects are located on Candlemaker Row, within the vibrant and historic Old Town area of Edinburgh. More specifically, the premises itself lies approximately 100m to the south from the Cowgatehead junction, where Edinburgh’s famous Grassmarket leads onto the Cowgate, and approximately 80m to the north of where Candlemaker Row meets Forrest Road/George IV Bridge.
Nearby occupiers to the premises include Black Moon Botanica, Islander Workshop, The Greyfriars Bobby and Pizza Paradise.
Accommodation
NIA: 26.73sqm (288 sq ft)
Terms
SALE TERMS
Our client is seeking offers over £160,000 for the outright purchase of their heritable interest.
RATEABLE VALUE
According to the Scottish Assessors Association website, the property has a current rateable value of £6,600, meaning any potential occupier could benefit from 100% rates relief in line with the small business bonus scheme.
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of # and a copy of the 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
Please note unless otherwise stated, VAT may be applicable.
DATE OF ENTRY:
Entry will be available on completion of legal formalities.
Specification
- Rare and unique opportunity to purchase a class 1A premises on one of Edinburgh’s most historic and famous streets
- Situated in extremely close proximity to Edinburgh’s vibrant and picturesque Grassmarket
- Subjects will benefit from exceptional all-year round passing pedestrian footfall
- Ideal for investment or owner occupation purposes
- NIA of 26.73sqm (288sqft)
- Offers over £160,000