The subjects comprise a traditional ground floor and basement stone built premises contained as part of a larger 4 storey building, surmounted by what appears to be part slate mansard style and part flat roof coverings with what we assume to be a bituminous felt or similar type overlay.
The premises is accessed via a recessed entrance door on the corner of the building, that leads directly into an open plan office space with separate office/meeting room located off to the left-hand side. A staircase to the rear left of the premises leads to the basement which contains a W/C compartment, staff area/kitchenette with wall and base mounted units, as well as further storage and office space.
Location
The A902 Ferry Road is located approximately 1.5m north of Edinburgh’s City Centre and is surrounded by the popular districts of Leith, Bonnington, Inverleith and Trinity. Ferry Road benefits from excellent transport links and is a direct continuation of the A90 which provides access to the wider Scottish motorway network.
More specifically, the subjects are strategically located on a return frontage on the southside of Ferry Road, at the junction where North Fort Street meets South Fort Street. The premises is surrounded by various local and national occupiers to include ELP Solicitors and Estate Agents, Howard Johnston Cars, Scotmid and a BP Garage.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:
Ground Floor - Office, sales - 46.05 sq m (495 sq ft)
Basement - W/C, staff, storage, office - 37.11 sq m (399 sq ft)
TOTAL - 83.16 sq m (895 sq ft)
Terms
SERVICES: We understand the premises to benefit from mains electricity, water and heating by way of electric storage heaters.
SALES TERMS: Our clients are seeking offers over £170,000 for the outright purchase of their heritable interest (Scottish equivalent of English Freehold)
LEASE TERMS: Our clients are seeking offers over £16,000 per annum for a term to be agreed – please enquire for further information on rental.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. The rating is #
NON-DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £6,000 per annum.
It should be noted under the terms of the Small Business Bonus Scheme, occupiers may benefit from 100% rates relief.
PROPOSAL: Any purchase proposals should be directed towards the sole selling agents at the below contact information.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction.
VAT: We understand that VAT is not chargeable.
Specification
- Rare opportunity to acquire unique and vacant class 1A premises in Bonnington/Leith District
- Flexible premises suitable for a variety of purposes to include owner occupation, investment or residential conversion
- Former bank property boasting original period features
- Situated on return frontage providing excellent visibility
- Great residential catchment, passing vehicular trade and pedestrian footfall
- VAT free purchase
- Offers over £170,000