Property Details

2 Wardlaw Place
Edinburgh, Gorgie

OIEO£70,000

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PropertyDescription

LOCATION

Wardlaw Place is located in a mixed residential/retail area situated approximately 2 miles west of Edinburgh city centre.  It is located just off Gorgie Road which is one of the main arterial roads leading into the city from the west. The subjects are located in the heart of Gorgie Road’s retail shopping area.

Situated on the west side of Wardlaw Place the subjects occupy a prominent position close to the corner of Gorgie Road. The hair dressing salon shares a parade of similar styled units along with an estate agent and a hot food take away. There are a wide range of commercial occupiers nearby including offices, cafes, bakers as well as retail outlets. Tynecastle Stadium is a short distance from the unit.

This is a busy location where there is excellent footfall and offers great potential for any purchaser looking to create a business.

DESCRIPTION

The subjects comprise a shop unit (class 1) situated on the ground floor level of a traditional tenement building with residential units on the three floors above. The unit enjoys a window frontage onto Wardlaw Place. The unit, regular in shape, is presently used by ‘Real McCoy Barbers’ and is in good condition and decorative order throughout.

The shop has a good sized sales area with high floor to ceiling height and mirrors accentuating the light. The unit is laid out as a unisex hairdressing salon with 4 chairs and it has a wash hand basin station for hair washing. To the rear of the unit there is a WC compartment.

ACCOMMODATION

According to our recent measurement survey the subjects comprise the following approximate net internal area.

17.72 square meters (190 sq ft)

PRICE

Our client is seeking offers in excess of £70,000 to acquire the freehold of this property.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have the following rating assessment; RV £2,450. The uniform business rate for the current year is 46.6 pence in the pound. 

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.

UTILITIES

The property has supplies of mains electricity and water.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is pending.

ENTRY

On completion of legal formalities.

LEGAL COSTS

Each party is responsible for their own legal costs but the ingoing tenant will be liable for any Registration Dues and LBTT relating to this transaction.

VIEWING

Strictly by appointment via the sole selling agent, IME Property Ltd.

PropertyOverview

  • Property ID:P316
  • Postal Code: EH11 1UB
  • Status:For Sale
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:190 sq ft
  • Price:£70,000

ExtraInformation

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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.