Property Details

Bethany Hall 18 Jane Street
Edinburgh
Edinburgh
, Leith

£70,000 P.A.

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PropertyDescription

LOCATION
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.

DESCRIPTION
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.

ACCOMMODATION
The property is configured over ground, first and second floor to include the following:

Ground Floor:
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

First Floor:
5 x bedrooms (including 1 en-suite)
2 shower rooms and WCs

Second Floor:
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.

RENT
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.

STATUTORY LICENSING
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.

SERVICES
The property has mains supplies of gas, water and electricity.

RATEABLE VALUE
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.

LEGAL COSTS
Each party shall bear their own legal costs with the tenant will liable for any LBTT and registration dues thereon.

ENTRY
On completion of a missive under Scots Law.

PropertyOverview

  • Property ID:P160
  • Postal Code: EH6 5HD
  • Status:For Rent
  • Type: commercial
  • Class:7 (Hotels & Hostels)
  • Property Size:n/a sq ft
  • Price:£70,000

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