Property Details

43 Drum Street
Edinburgh, Gilmerton

OIRO£75,000

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Property
Description

LOCATION

The subjects are located in Gilmerton which is a popular residential suburb 3 miles south east of Edinburgh city centre.  The unit itself is located near the junction of Ravenscroft Street and Ferniehill Drive amongst a busy row of shops and takeaways.

Local occupiers include Domino’s Pizza, Royal Bank of Scotland, Royal Bingo and Javit’s.  The area is well served by public transport and is less than 2 miles from the A720 Edinburgh City Bypass.

DESCRIPTION

The subjects are currently trading as Monica Barber Shop making up a parade of single storey stone built properties beneath a pitched and pan tiled roof. 

Internally, the unit is tastefully decorated with an open plan area to the front providing good retail space.  There is a connecting corridor leading to a small office with WC, storage facilities and large kitchen area.

Externally, the front of this unit benefits from a large fixed display window, timber door and excellent signage above the window.  The unit is highly visible to passing traffic with good levels of footfall.

ACCOMMODATION

According to our recent measurement survey the subjects comprise the following approximate net internal areas:

Total NIA                                 54 SQ M                 (577 SQ FT)


The property may suit alternative uses subject to securing the necessary planning consents.

LEASE TERMS

The subjects are currently let to Monica Barbers Ltd on a 10 year Full Repair & Insuring lease from March 2017 at a rental of £7,200 p.a. There is a break option after 5 years.

PRICE

Offers in the region of £75,000 are invited for our client’s heritable interest.

RATEABLE VALUE

According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £4,100. The uniform business rate for the current year is £0.484 pence in the pound.

Occupiers may be eligible for 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.

SERVICES

The property has mains water, gas and electricity.

ENERGY PERFORMANCE CERTIFICATE 

The EPC rating is pending

A copy of the EPC and recommendation report can be provided upon request.

ENTRY

Upon completion of a missive under Scots Law.

LEGAL COSTS

Each party will bear their own legal costs, however, the purchaser will be responsible for any LBTT registration dues and VAT incurred in connection with the transaction.

 

Property
Overview

  • Property ID:P190
  • Postal Code: EH17 8RQ
  • Status:For Sale
  • Type: investment
  • Class:2 (Office)
  • Property Size:577 sq ft
  • Price:£75,000

Property
Features

  • In popular suburban parade
  • Opportunity to extend license

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This Property

Bill Adams

Bill Adams

If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.