First time buyer or developer opportunity
Commercial to Residential
Cheaper Alternative to get on the Property Ladder
Good Project Experience
Penicuik is a popular and growing Midlothian town on the A701, approximately 10 miles south of Edinburgh City Centre, with over 75,000 residents. The town provides a good range of local facilities including primary and secondary schools and there is a range of well-known businesses in the surrounding area, including: Tesco, Bilston Glen business centre and The Roslin institute.
The A720 Edinburgh City Bypass is only 7 miles from the centre of Penicuik which is served by regular public transport links.
This excellent opportunity is a first-floor residential flat that used to be part of the commercial ground floor unit below before being recently separated in title. Forming part of a two-storey stone-built building beneath a pitched and slated roof.
The flat is highly visible from the A701 and externally the flat is in decent decorative order with windows front and back allowing in plenty natural light. Internally, the flat has been partitioned off to form offices but benefits from having planning in place for a fairly simple conversion to a two bedroom flat with a kitchen come living room.
The entrance to the flat is at the rear and would benefit from a deign to make a more homely feel.
A sale price of offers over £75,000 is sought for this property.
The Size for this property is to be confirmed but is estimated in the region of 850- 900 SQ FT
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £0 at this moment and classed as a “PREMISES UNDER RECONSTRUCTION” the property will have to be reassessed for domestic council tax when the conversion is complete.
The property has mains water and electricity.
Energy Performance Certificate
The EPC rating is F+
A copy of the EPC and Recommendation can be provided upon request.
By agreement on completion of a missive under Scots Law.
Each party will be responsible for the legal costs of both parties incurred in the preparation, negotiation and settlement of the documentation pertaining to the lease including stamp duty or VAT applicable.
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