Property Details

38-40 GRANTON ROAD
Edinburgh
Edinburgh
, Granton

Offers over£110,000

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PropertyDescription

LOCATION

The subject premises are located at the top of Granton Road close to the junction of Fraser Avenue and Rosebank Road. Granton Road is a busy thoroughfare with parades of retail units in a mostly residential area. Granton Road is located circa two miles to the north of the city centre.

The premise is located in a prime residential area comprising Trinity and Boswall. There is excellent public transport links serving the city centre with a bus stop located 30 meters from the premise.

 

DESCRIPTION

The subjects comprise a double fronted retail unit in a parade of similar styled local shops in a predominantly residential area. The premises were formally two separate retail units which have now been opened up to form the one larger unit by creating an opening in the adjoining party wall.

The premises occupy the ground only. Internally, the unit is well fitted and layout.  The ground floor is a regular shaped open plan sales area with two large display windows to the front. To the rear there are storage facilities, a tea preparation area and a WC compartment. Light is provided along the rear elevation.

The front area is well fitted and is well laid to suit our clients’ needs but there is flexibility in the layout to create something unique to match the new occupier’s imagination. This offers an outstanding opportunity to further develop a business in a great location.  At present the unit is a pet and pet supplies shop. The sales area is flexible which could be used for a plethora of uses such retail space, art/ photo gallery; craft shop, a clinic or other ancillary uses.

The subjects benefit from a Class 1 Retail Consent. Other retailers in this neighbourhood parade of shops comprise a hairdressing salon, a Veterinary Surgery, a CTN/ general store and a building contractor

 

DEVELOPMENT POTENTIAL

There may be potential, subject to the necessary permissions being granted by the City of Edinburgh Council, to obtain a Change of Use and convert the retail units for residential purposes.  Interested parties should make their own enquiries with the Planning Department.

 

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate net internal area:

 

Ground Floor                           78.06 sq. m. (840 sq. ft.)

 

PRICE

Our clients are seeking offers over £110,000 for the freehold of the property.

 

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Rateable Value of £13,100.  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.

 

UTILTIES

The properties are served by mains electricity and water.

 

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is pending.

A copy of the recommendation report is available on request.

 

LEGAL COSTS

Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.

 

ENTRY

Upon completion of a formal missive under Scots Law.

 

VIEWING AND FURTHER INFORMATION

By appointment through the sole selling agent, IME Property Ltd.

 

 

PropertyOverview

  • Property ID:P393
  • Postal Code: EH5 3QS
  • Status:For Sale
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:840 sq ft
  • Price:£110,000

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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.