Offers over£105,000
LOCATION
Portobello is a well-known suburb of Edinburgh and is situated approximately 3 miles east of the city centre with excellent access to the A1/A720 City Bypass. The subjects are situated at the east end of the High Street close to the corner of Marlborough Street.
As a result of new and ongoing commercial and residential development, Portobello is becoming increasingly popular due to its mix of local, national and artisan retailers. Its proximity to the beach and the promenade make this a favourite destination all year round.
A mixture of restricted and unrestricted parking is nearby and there is a bus stop directly outside the property. The nearest train station is approximately 1 mile away at Brunstane.
DESCRIPTION
The subject comprise the ground and basement of a three storey stone built property with flatted residences at first floor level.
Internally the premises contains a customer reception and waiting area to the front with stairs leading down to the basement. There is a rear shop area used for consultations.
The basement provides very useable space. The current tenant has fitted temporary stud partitions to create a number of additional rooms including a staff office.
ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
70 sq m (753 sq ft)
TENANCY DETAILS
The property is let to Mr and Mrs Craig t/a Dragonheart Tattoo UK Ltd on a full repairing and insuring lease at £8,000 per annum until 18th July 2018.
PRICE
Offer over £105,000 are sought for our client’s heritable interest in the subjects reflecting a NIY of 7.48%.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £3,400. The uniform business rate for the current year is £0.466 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.
UTILITIES
The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is G.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual purchaser liable for any LBTT and Registration Dues.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.
£7,200 P.A.
£12,000 P.A.
£14,000 P.A.