21 Fowler Terrace – Class 2

Fowler Terrace is a predominantly residential district within the Fountainbridge area of the city approximately one mile south west of Princess Street. The subjects are located on the west side of the street between its junctions with Bryson Road and Watson Crescent. Fountainbridge is a rapidly improving area with a number of speculative housing developments in the area in recent years as well as the Fountain Park Casino / cinema and leisure complex. Further development of the former Scottish and Newcastle Brewery is currently underway for housing with future office development proposed.

The property is a former retail unit with double windowed frontage to Fowler Terrace. The subjects form the ground floor and basement of a substantial stone built tenement. In recent years, the property has undergone extensive refurbishment and modernisation to a high standard and would suit a variety of commercial uses. Curently used as IME Property Group’s offices, the property is fully cabled and wired telephone and broadband.

Accommodation
The property is arranged at ground floor and basement levels as follows:

Ground Floor
Open Plan Office Area: 460sqft 42sqm

Basement
Staff/Storage/Toilets: 400sqft 37sqm

Total: 860sqft 79sqm

RATING
As per the Scottish Assessors Webstite (www.saa.gov.uk) the subjects are entered in current Valuation Roll with a Rateable Value of £3,500 and the uniform business rate for the current year is 40.7 pence in the pound.

SALE / RENTAL PRICE
This property is offered to the market to let at £10,000 per annum; on the basis of a fully repairing and insuring (FRI) lease. Offers in the region of £125,000 for sale may be considered.

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