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Retail/Shop

Retail/Shop For Sale Edinburgh

PROPERTY ID: 135343

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

300 sq.ft

Key Features

Prominent Class 1A VAT free investment
Situated within a prime city centre location
Full height glazed display frontage
Recently refurbished internally to high standard
Benefits from 100% rates relief
Passing rent of £16,800 per annum with set increase to £18,500 in year 5
Offers over £270,000 (exclusive of VAT)
Net Initial Yield of 6.07%, with reversion to circa 6.56% at review

Property Details

The subject is located within Scotland's capital city of Edinburgh, which at present has a resident population of circa 515,000 persons and is considered one of the United Kingdom's strongest regional economies, comprising the country's The population is projected to increase to circa 585,000 by 2030. The unit is located within the heart of North Castle which forms a link road between the main commercial hub of George Street and the busy thoroughfare of Queen Street. More specifically the subjects are situated to the northwest side of the street in a parade of other similar style units with several established occupiers in the vicinity including Murray and Currie Estate Agents and solicitors, Tonic bar, The Spanish Butcher, Bonnie Barista and Time 4 Thai, amongst others. The unit benefits from great transport links with regular bus services to both Queen Street, Princes Street, George Street and the nearest tram stop is within a 5-minute walk.

The Subject Comprises A Ground Floor Self-contained Retail/class 1a Unit As Part Of A Larger Four Storey And Attic Traditional Stone-built Tenement Building Surmounted By A Pitched And Slate Roof In The Main. The Unit Projects Out From The Main Building To The Front. The Unit Benefits From A Large Full Height Display Window Offering Great Visibility And Is Accessed Via The Timber Framed And Glazed Door To The Left-hand Side Of The Frontage. The Subject Is Currently Occupied By The Changing Room Barber Shop And Fitted Out Internally To Provide A Modern Open Plan Barber Shop. There Is A W/c Facility To The Rear Of The Property

About the Agent

Graham & Sibbald- Edinburgh

See Agent's Other Properties

Retail Unit

£270,000 Freehold

62 North Castle Street, Edinburgh, EH2 3LU
Retail/Shop - Available
300 sq ft
28 sqm
Show phone number

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