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Retail Investment Opportunity, South Trinity Road, Edinburgh, EH5 3NR

414 Sq Ft / Retail

For Sale - £170,000.00

Available - Last updated: 17 October 2020

The subjects comprise a single windowed lock up retail unit arranged over the ground floor of a 3 storey red bricked dwelling. Internally the subjects comprise a front waiting room, two treatment rooms and WC facilities. The property has been significantly refurbished in the last 12 months to a very high standard by the current tenant who operates a successful beauty studio. The tenant also benefits from a secure gate over the front doorway of the premises

Location

The property is situated on the east side of South Trinity Road close to the junction with Ferry Road to the south and Bangholm Bower Avenue to the north within the affluent Trinity area of Edinburgh approximately, 1 mile to the north of the city centre. The premises is situated in close proximity to Goldenacre Playing Fields, in a predominantly residential area with various retail/office parades nearby. Nearby occupier include The Herringbone Bar, Connect Chiropractor and Joe & Co Hairdressing.

Accommodation

Ground Floor 38.47 sq m (414 sq ft )

TOTAL 38.47 sq m (414 sq ft )

Terms

PRICE Our client is seeking offers in excess of £170,000 giving a net initial yield of 6.90% assuming purchasers costs of 2.50%. A guaranteed reversionary yield of 7.60% will be reflected in January 2024.

LEGAL COSTS Each party to bear their own legal costs in the documentation of this transaction; however the ingoing tenant will be responsible for any LBTT, Registration Dues and any

VAT incurred thereon. VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT

EPC Released on application.

RATEABLE VALUE The subjects are entered in the current Valuation Roll at a rateable value of £6,000 which will allow for 100% rates relief subject to the owners/tenants other commercial properties, if any. Please note, a new owner or occupier of a commercial property has the right to appeal this rateable value within 6 months of the beginning of the tenancy

Specification

  • ATTRACTIVE VAT FREE INVESTMENT 
  • IN THE HEART OF TRINITY, EDINBURGH 
  • PASSING RENT £12,000 PA 
  • OFFERS OVER £170,000 
  • NET INITIAL YIELD OF 6.90% 
  • FRI LEASE EXPIRING JANUARY 2029 (OVER 8 YEARS UNEXPIRED) 
  • MINIMUM RENTAL UPLIFT IN JANUARY 2024 TO £13,200 PA (REVERSIONARY YIELD OF 7.60%)

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale £170,000.00 NA

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Contact agents

Steven Clarke

Shepherd Commercial

0131 610 0086



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