The premises are located on Canning Street Lane in Edinburgh’s West End, a five-minute walk away from Princess Street, and a ten-minute walk away from Haymarket Station. Canning Street Lane, neighbouring Edinburgh’s finest residential properties, hosts multiple garages, many of which have been converted into either residential or similar business premises. The vicinity of the property hosts dozens of businesses across multiple sectors of both small and large-scale enterprises.
The premises also benefits from excellent public transport links, including multiple bus stops and the West End tram stop.
The subjects comprise a former garage, with full planning permission for a 1-bed flat, or a class 2 office, occupying the ground floor in a parade of similar units, many of which have been converted into either residential or commercial premises. Internally, the unit consists of three main compartments: a living room area towards the front, bedroom towards the rear, and a bathroom. Conversion instead to an office with two rooms is possible if desired.
Access to the property is gained through two large doors to the garage, which are due to be converted into a door and window arrangement for residential/office purposes.
PLANNING PERMISSION & INFO
The subjects currently have planning approved for a conversion into either a 1-bed studio flat, or an office premises, with the removal of the existing garage doors and installation of a new frontage. Further info at: https://citydev-portal.edinburgh.gov.uk/idoxpa-web/applicationDetails.do?keyVal=QFCOUUEWJ2M00&activeTab=summary, and, https://citydev-portal.edinburgh.gov.uk/idoxpa-web/applicationDetails.do?keyVal=QO1Q8TEWFNI00&activeTab=summary.
According to our recent measurement survey, the property comprises of the following approximate internal area:
Offers over £250,000 are sought for the freehold interest of the property.
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £4,200. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).
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.
The property is served by mains water and electricity.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is currently pending.
Upon completion of a formal missive under Scots Law.
Each party shall bear their own legal costs, with the eventual buyer liable for any LBTT dues.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd.