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 15 bedroom property ideal for an HMO, student lets or short-term occupation.
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 area just off. The communal kitchen and breakfast room is also housed in the ground floor along with four bedrooms.
A central staircase accesses the upper floors with a further rear staircase leading to the back of the property and a small courtyard and bike store outside.
The property is configured over ground, first and second floor to include the following:
Warden’s bedsit/reception area
Kitchen, laundry and breakfast room
4 x bedrooms (including 1 with en-suite)
DDA accessible WC and shower area
6 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 £60,000 per annum is sought on a new full repairing and insuring (FRI) lease for a term to be negotiated.
Currently, the landlord has not applied for an HMO license pending the end user of the property, interested parties are invited to inspect the property and make their own inquiries with the relevant authorities.
The property has mains supplies of gas, water and electricity.
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 pending.
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.
No properties found.