The subjects comprise a class 1A premises situated over ground and basement levels, contained as part of a larger 4 storey traditional stone-built premises, surmounted by what appears to be a pitched and slated roof.
The premises benefits from a double-frontage with access taken to the unit via two separate recessed pedestrian entrance doors.
Internally, the premises comprises open plan class 1A space that is split between units 77 -79, with the entire unit interconnecting via an open doorway located towards the middle of the premises. Unit 77 benefits from office space to the front with rear W/C and kitchenette/staff area, with unit 79 benefitting from a larger open place space with storage located to the area.
The premises further benefits from a good sized double basement that is accessed via a set of timer stairs located to the rear of unit 77.
Location
Easter Road is a highly established secondary retailing location and thoroughfare located approximately 1.2 miles to the north-east of Edinburgh’s City Centre.
More specifically, the subjects are located on the west side of Easter Road at number 77 – 79, in between the junctions of Edina Street to the south and Brunswick Road to the north, with the primary junction connecting Easter Road to London Road located approximately 250m to the south. The area benefits from excellent transport links and is mixed in use, with primarily commercial occupiers at ground floor level in the surrounding area and residential dwellings above.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:
Ground Floor - Office, sales, strorage, kitchenette/staff, W/C - 99.72 sq m (1,073 sq ft)
Basement - Storage, W/C - 68.82 sq m (751 sq ft)
Total - 168.54 sq m (1,814 sq ft)
Terms
SERVICES: We understand the premises to benefit from mains electricity, water and sewerage.
SALE TERMS: Our client is seeking offers over £230,000 for the outright purchase of their heritable interest (Scottish equivalent of English freehold).
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. The rating is #
NON-DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £14,300 per annum.
It should be noted under the terms of the Small Business Bonus Scheme, some occupiers may benefit from some form of business rates relief.
PROPOSAL: All proposals to purchase should be submitted to the sole selling agents on the below details.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction.
Our client has advised that VAT is not chargeable on the sale of the premises.
Specification
- Class 1A premises available for outright heritable purchase
- Situated in Edinburgh’s desirable Easter Road/Leith district
- Suitable for sub-division to create two separate units
- Excellent opportunity for owner occupation or investment purposes
- Benefits from excellent passing vehicular trade and pedestrian footfall
- Currently tenanted by People First Scotland and benefits from short-term income of £12,000 per annum
- Offers over £230,000 (VAT free purchase)