The subjects comprise a ground and first floor premises as part of a larger 3 storey and attic brick-built property surmounted by a pitched and slate roof.
Access can be taken through the double timber doors to the front of the subjects or through the fire exit to the rear.
The subjects also benefit from a car parking facility capable of accommodating 7 vehicles in clear configuration.
Internally the open plan floorplates have been sub-divided by way of internal partitions to create several cellular rooms, currently utilised as consulting rooms for medical purposes.
The property could readily be adapted for use by a variety of commercial occupiers and equally, in our opinion, could be converted for residential use subject, of course, to requisite Planning Consents being obtained. Both floors can be accessed separately and therefore it would offer a good opportunity to split in to two self-contained units if a prospective purchaser so wished.
( Agency Pilot Software ref: 53970 )
Location
The subjects are located within Scotland’s capital city of Edinburgh, which at present has a resident population of circa 515,000 persons and is considered one of the United Kingdom’s strongest regional economies, comprising the country’s commercial, cultural and political hub. The population is projected to increase to circa 585,000 by 2030. The property lies within a relatively central location within close proximity of Edinburgh City Centre. The location would be considered of a high value nature, particularly in terms of its residential appeal, lying within the Dean Village area of the City, a short distance to the north of Edinburgh’s Commercial West End and City Centre amenities
Accommodation
Ground Floor 864 sqft
First Floor 676 sqft
Total 1,540 sqft
Terms
RATEABLE VALUE With reference to the Scottish Assessors Association website, we note the current rateable value is £16,900 and therefore prospective occupiers could benefit from 25% rates relief in line with the small business bonus scheme.
PRICE We are seeking offers over £675,000 for our client’s heritable interest (freehold) within the property.
CURRENT LEASE The current lease is now running on tacit relocation at a passing rent of £42,000 per annum until February 2026 and the current tenant Your GP have indicated their desire to find new premises. Therefore, offering any prospective purchasers plenty of options with vacant possession being available within a short period of time.
LEGAL COSTS + VAT The Energy Performance Certificate can be available upon request.
Each party is to pay their own legal costs incurred with this transaction and the prospective purchaser will be responsible for the land and buildings transaction tax, registration dues and any VAT incurred in connection with this transaction.
Specification
• Modern office/GP practice within picturesque central location
• Set over ground and first floor of larger 3 storey brick-built property
• Benefits from 7 clear car parking spaces
• Well-presented internally
• Suitable for change of use (subject to planning)
• Net Internal Area: 143.05 Sqm (1,540 Sqft)
• Can be accessed from both levels
• Offers over £675,000 are sought for client’s heritable interest