PRIME NEW LISTING. We are excited to present this vacant commercial unit located within a prime location in Edinburgh.
This opportunity is sure to appeal to savvy investors seeking strong potential rental income, as well as owner-occupiers wanting a well-located workspace.
The unit could suit a range of commercial uses and has previously operated as a cabinetmaker’s workshop, highlighting its practical and flexible nature.
Sure to appeal to assured investors looking for a potential rental income from a commercial property, particularly given the strength of demand for well-located space within Edinburgh.
Property could lend itself to a variety of different uses. Previously been used by a cabinetmaker, this property could lend itself usefully for a workshop.
Location
Constitution Street sits at the heart of Leith, one of Edinburgh's most active commercial districts, benefiting from consistent footfall and strong levels of passing trade throughout the day. The area supports a diverse mix of independent retailers, cafés, creative businesses and professional services, which helps underpin occupier demand for well-positioned workspace. Excellent connectivity is provided via key road routes linking into the city centre and wider Edinburgh, while nearby public transport options make access straightforward for staff and customers alike. Continued local investment and the established business community combine to make this an appealing setting for a workshop, studio or trade counter style operation.
Accommodation
The property comprises a generously proportioned basement commercial unit extending to approximately 786 ft², offering adaptable open space that is well suited to a variety of business requirements.
Terms
Guide Price: £63,000
As the unit is currently vacant, there is no rental income being received at present; however, the property could realistically achieve in the region of £500 to £600 per month, which equates to £6,000 to £7,200 per annum, subject to tenancy and due diligence. This makes it an attractive proposition for an investor targeting a value-add letting, while also presenting a compelling option for an owner-occupier looking to secure premises in a strong Edinburgh trading position.
We are advised the property benefits from 100% Small Business Bonus Scheme rates relief, subject to eligibility.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.