Jane Street is a cobbled side street on the west side of Leith Walk close to Great Junction Street and is only 1.5 miles from Princes Street.
The property itself sits opposite several car garages housed in the arches of the old elevated railway tracks easily identifiable due to their red sandstone construction.
The local area has a range of retail shops, bars and restaurants with occupiers including Sainsbury’s Local, Ladbrokes, Pizza Hut and La Favorita.
The location, meanwhile, benefits from unrestricted car parking in the immediate vicinity, whilst there are also regular bus services on Leith Walk to the city centre and surrounding areas.
The subject property is the former Bethany Hall which has been extensively redeveloped to create a 14-bedroom property which benefits from a HMO license from the city of Edinburgh Council.
The building is a mixture of traditional stone and brick construction beneath pitched slate roof. The property is accessed through large double entrance doors leading to a central corridor with a warden’s reception/accommodation area just off. The communal kitchen/breakfast/ lounge is also housed in the ground floor along with four bedrooms and the disabled toilet.
A central staircase leads to the upper floors with a further rear staircase, which is a secondary means of escape, leading to the back of the property and a small courtyard and bike store externally.
The property is configured over ground, first and second floor to include the following:
Warden’s bedsit/reception area
Communal kitchen/ breakfast room/ lounge and separate laundry room
4 x bedrooms (including 1 with en-suite)
DDA accessible WC and shower area
5 x bedrooms (including 1 en-suite)
2 shower rooms and WCs
3 x bedrooms
2 shower rooms and WCs
2 x bedrooms (located on the second floor half landing)
Floor plans and an approximate gross internal area are available on request.
A rent of offers over £70,000 per annum is sought on a new full repairing and insuring (FRI) lease for a term to be negotiated.
Under the Housing (Scotland) Act 2006 the city of Edinburgh Council has granted 18 Jane Street, Edinburgh a House of Multiple Occupier Licence until April 2019.
The property has mains supplies of gas, water and electricity.
At present the rateable value is £0 due to the fact that the building has just finished a rebuilding process and was zero rated whilst works were completed. As such the building will need to be re-rated.
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £0. The uniform business rate for 2015/2016 is £0.48 pence in the pound for rateable values up to £35,000.
Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less
ENERGY PERFORMANCE RATING
The energy performance certificate is rated G .
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs with the tenant will liable for any LBTT and registration dues thereon.
On completion of a missive under Scots Law.