Property Details

9b Canning Street Lane
Edinburgh, West End

Offers over£200,000

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PropertyDescription

LOCATION

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.

DESCRIPTION

The subjects comprise a garage, with full planning permission for an office conversion, 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 the following: A car parking space, large enough for two vehicles, can be configured as a small open office area, and a smaller area, recessed, and is suitable for either a storage, kitchenette or private office.

Access to the property is gained through two large doors to the garage, which, when converted into an office, can be replaced with glazing and a single door for entry.

PLANNING PERMISSION & INFO

The subjects currently have planning approved for a conversion into an office premises, with the removal of the existing garage doors and installation of a new frontage (planning ref no: 20/03449/FUL and 20/03450/LBC). These works can be carried out by the seller at a cost to be determined. Further info at: https://citydev-portal.edinburgh.gov.uk/idoxpa-web/applicationDetails.do?keyVal=QFCOUXEWJ2P00&activeTab=summary

ACCOMMODATION

According to our recent measurement survey, the property comprises of the following approximate internal area:

  • 52 sq. m (560 sq. Ft).

PRICE

Offers over £200,000 are sought for the freehold interest of the property.

RATEABLE VALUE

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.

SERVICES

The property is served by mains water and electricity.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is currently pending.

ENTRY

Upon completion of a formal missive under Scots Law.

LEGAL

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.

PropertyOverview

  • Property ID:P570
  • Postal Code: EH3 8ER
  • Status:For Sale
  • Type: commercial
  • Class:2 (Office)
  • Property Size:560 sq ft
  • Price:£200,000

PropertyFeatures

  • Class 2 (Office)
  • Planning Permission Approved
  • Prime Location

ExtraInformation

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