CLOSING DATE SET - THURSDAY, 9 AUGUST 2018 AT 12 NOON
This is a rare opportunity to purchase a well located property with a range of income streams and an opportunity for adding value / investment including:-
- Conversion of the office property at No. 10 to residential;
- Redevelopment of 20 Quality Street Lane for residential purposes, subject to planning consents.
The subject comprise of 4 elements:-
- a two storey stone built building containing offices at No. 10 Main Street
- a shop unit at No. 8 Main Street;
- a row of three single storey shops Nos. 51, 53 & 55 Quality Street and;
- a single storey stone built garage / store at 20 Quality Street Lane.
A layout plan is provided.
Location
The subjects are situated on a prominent corner location at the junction of Main Street and Quality Street in Davidson’s Mains, Edinburgh. This is an affluent residential suburb lying approximately 3 miles to the north west of the city centre.
The Main Street shopping location has a village feeling with both retail and residential, containing a good complementary mix of national and local retail and service occupiers.
Retailers located close to the subjects include Tesco, Black & Lizars, RS McColl, Boots and Clydesdale Bank. An ex RBS branch, situated opposite the subjects, are planned to be converted to a Costa Coffee outlet, subject to planning consent.
Accommodation
Please see attached property details.
Terms
We are instructed to seek offers in excess of £XXX
Whilst a sale of the entire subjects is preferred our clients would be willing to consider offers for part only.
We are advised that the subjects are not registered for VAT.
Specification
Tenant's Profiles.
- Chest Heart & Stroke Scotland Ltd, a registered charity in Scotland trading from 42 shops.
- Mrs Alison Granger, private hairdressing salon, trading from the subjects for over 25 years.
- Mr Abdurrahman Oner trades from the subjects and also from premises at 119A St John’s Road, Edinburgh.