The subjects comprise a ground and basement retail premises forming part of a four storey and basement tenement block. The upper floors are used for
residential purposes and are in separate ownership. The ground floor is used for sales purposes whilst the basement provides storage and WC facilities.
Location
Haymarket Terrace forms part of one of the main arterial routes into the city centre. Situated approximately 1 mile to the west of Edinburgh city centre the subjects lie in close proximity to Haymarket Train Station, together with a wide variety of shops, restaurants, offices and residential properties. A tram stop is also located adjacent to Haymarket Train Station.
Situated on the south side of Haymarket Terrace surrounding occupiers include Tesco, Kilt Hire Co, Drummond’s and the Apex Hotel.
Accommodation
We estimate the accommodation extends to the following approximate areas:
Ground Floor - 36.20 sq m 389 sq ft
Basement - 22.00 sq m 237 sq ft
Total - 58.20 sq m 626 sq ft
Terms
RATING
The subjects are entered in the Valuation Roll with a Rateable Value of £4,750. Under the current Small Business Bonus Scheme if the occupier has a total RV
below £10,000 then 100% relief is available.
TERMS
The subjects are available For Sale. An asking price of £85,000 is being sought.
VAT
The subjects are not elected for VAT so no VAT will be payable on the purchase price.
LEGAL COSTS
Each party will be responsible for their own legal costs involved in the transaction.
Specification
- PROMINENT LOCATION
- ATTRACTIVE RETAIL PREMISES WITH BASEMENT STORAGE
- SUITABLE FOR A VARIETY OF USES
- 58.20 SQ M (626 SQ FT)
- NO VAT ON PURCHASE PRICE