FOR SALE BY ONLINE AUCTION WEDNESDAY 25TH OF SEPTEMBER 2024 AT 9AM ***GREAT OPPORTUNITY***TO ACQUIRE VACANT FORMER SHOP PREMISES***MAIN DOOR PROPERTY***IDEAL FOR POTENTIAL RESIDENTIAL DEVELOPMENT (SUBJECT TO PLANNING)***POTENTIAL FOR AIRBNB LET***
***Main door, single fronted shop unit located in a high amenity, mixed commercial and residential area in Leith***
***Requiring full refurbishment, the property is divided into main front shop area, rear stock room and WC (toilet currently removed)***
***It is believed the property has class 1 use***
***Any perspective purchaser should make enquiries with the Council before submitting an offer to clarify this***
***Total area 265 sq ft (25 m2)***Rateable Value- £2,600***
***Please note: No services have been tested or are warranted***The property is sold as seen and is Home Report exempt***
***A ONE BEDROOM FLAT IN THE SAME BUILDING IS VALUED AT £135,000***
***RECENT NEARBY SALES***
- 7 Thornville Terrace, EH6 8DB (3 bedroom) - £396,720 (Jun'24)
- 37/4, Sandport Street EH6 6EP (2 bedroom) - £305,000 (Jun'24)
- 201/4, Easter Road, EH6 8LF (2 bedroom) - £247,500 (Jun'24)
***Main door, single fronted shop unit located in a high amenity, mixed commercial and residential area in Leith***Requiring full refurbishment, the property is divided into main front shop area, rear stock room and WC (toilet currently removed)***It is believed the property has class 1 use***Any perspective purchaser should make enquiries with the Council before submitting an offer to clarify this***Total area 265 sq ft (25 m2)***Rateable Value- £2,600***Please note: No services have been tested or are warranted***The property is sold as seen and is Home Report exempt***Great property in superb location***GREAT ASSET MANAGEMENT POTENTIAL***
***Leith is handily within walking distance to the city centre – the St James Quarter is just a 20-minute stroll from the Foot of the Walk. Leith boasts plentiful bus routes, and the extended tram line. Keen cyclists and runners can make use of the leafy Water of Leith walkway, which winds through the city centre right to Balerno. Or you can use the Restalrig Railway Path to head down to Portobello Beach.***
***Leith has its own shopping centre too, Ocean Terminal, for high street favourites, but predominantly offers a mix of fantastic indie stores. Custom House at The Shore hosts regular pop-ups, while Leith Walk is filled with a mix of vibrant independent businesses to enjoy***
***Leith has a stellar reputation for food and drink, with plentiful bars and restaurants to tempt your tastebuds. The Pitt street food market is a dining destination, or for an elegant night out, head to The Kitchin, Martin Wishart or Borough. There’s also copious trendy dining spots to try, such as Bodega, Bundits and Twelve Triangles, and lively bars such as Nauticus, The Lioness of Leith and Roseleaf***
GUIDE PRICE: £50,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.