The subjects comprise a ground floor class 1A premises of traditional stone construction contained as part of a larger 4 storey building, surmounted by what appears to be a pitched and slated roof.
Externally, the unit benefits from a full height timber framed and single glazed display, with access taken via a recessed pedestrian door to the right hand-side of the unit.
Internally, the premises comprises an open plan sales/office area to the front with rear W/C compartment, small kitchenette area and further office/storage space. Traditional period cornicing was noted within the premises, with artificial lighting provided by way of LED panel lighting and recessed spotlights to the rear.
Location
The subjects are located in the Newington/Meadows area of Edinburgh, approximately 1.5km from the east end of Edinburgh’s City Centre.
More specifically, the subjects are located to the far eastern end of Melville Terrace, just off the junction at the A700, and less than 100m from where the A700 meets Hope Park Crescent and Hope Park Terrace.
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: 41.50 sq m (447 sq ft)
Terms
SALE TERMS - Our client is seeking offers over £120,000 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 £5,800 and therefore 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 - VAT is not applicable.
Specification
- Rare opportunity to require unique premises on a heritable possession basis
- Excellently located with views across the famous Edinburgh Meadows
- Suitable for a variety of class 1A uses
- NIA of 41.50 sq m (447 sq ft)
- VAT free purchase
- Offers over £120,000