Property Details

1&3 INDIA STREET
Edinburgh
Edinburgh
, New Town

OIEO£340,000

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PropertyDescription

LOCATION

India Street is located circa approximately 0.50 miles north-west of Edinburgh City Centre. The office is located just off the west end Heriot Row on the corner of India Street and Queen Street Gardens. It is situated in the highly desirable New Town only a short walk from Charlotte Square and George Street. The opposite end of India leads into Stockbridge.

The area is a mainly residential with a splattering of commercial use and is much sought after due to its close proximity to the City Centre and other local amenities.

Parking permit parking is available on India Street and Heriot Row.

 

DESCRIPTION

The property comprises the ground and lower ground floor of a five storey and attic traditionally built property. The unit sits below a parade of residential units on the ground floor with three floors and attic of residential properties above. The office has its own entrance.

Internally the unit is laid out as one open plan area on the ground floor accessed from a stone staircase leading from India Street.   An internal staircase leads to the lower ground floor where there is another office/board room, WC and tea preparation area. The traditional features within the property have been retained to create an environment conducive to its surroundings.

Access from the lower ground floor leads to a patio area where there is located three under pavement cellars.

The office was formerly occupied by a firm of medical practice and previous to that as a property agents office.

 

CLASS USE

At present the unit is classed as Class 2 Office.

 

ACCOMMODATION

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

 

Lower Ground Floor                            65.03 sq. m. (700 sq. ft.)

 

PRICE

Our Clients are seeking offers in excess of £340,000 for the heritable interest in the property.

 

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Ratable Value of £4,150.  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 Ratable 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:P418
  • Postal Code: EH3 6EX
  • Status:For Sale
  • Type: commercial
  • Class:2 (Office)
  • Property Size:700 sq ft
  • Price:£340,000

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.