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Description
Tenure: Freehold
Class 1a UNIT: 29 SQ M (312 SQ FT)
108a Blackford Avenue, Edinburgh EH9 3HH
INVESTMENT SALE
Location
The property is situated on Blackford Avenue in the Blackford area of south Edinburgh, approximately 2.8 kilometres south of the city centre. The surrounding area is predominantly residential, with a mix of local retail, service and professional occupiers serving the wider Blackford, Mayfield and Grange neighbourhoods.
The unit is positioned close to the junction with Eva Place and benefits from visibility to passing traffic on Blackford Avenue. The wider locality is well connected to nearby residential streets, The University of Edinburgh’s King’s Buildings campus and local amenities along Blackford Avenue, supporting regular pedestrian movement through the area.
Nearby occupiers include The Paint Shed at 106 Blackford Avenue, Dog Aid Society of Scotland at 60 Blackford Avenue, alongside other local service, clinic, office and retail uses. The location is also close to Reid Memorial Church and the open green spaces around Blackford and the Hermitage of Braid.
Description
An opportunity to purchase an investment property with a tenant already in place with a full repairing and insuring lease, situated over ground level of a traditional stone built three-storey dwelling with a slated roof. Externally the premises form a single fronted unit with timber framed fixed window with borrowed light and good signage space above, with a door to the righthand side. Internally the unit is set up as a barber’s salon that is open space with seating area to the right-hand side and cutting stations on the left-hand side.
There is a kitchen/tea prep area towards the rear left side and a WC to the rear right. The unit is in good condition throughout.
Accommodation
According to our measurement survey, the subjects would comprise the following approximate areas:
Total NIA 29 SQ M (312 SQ FT)
Rating
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £3,050. The uniform business rate for the current year is £0.49 pence in the pound.
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.
Sale Price & Lease Terms
The sale Price is offers over £100,000. There is a lease in place with rent at £7,980 per annum on full repairing and insuring terms and conditions, the lease ends the 31st of July 2029 and has a rent review due on the 1st of August 2026, offering an opportunity to improve the yield.
Services
The property has mains water and electricity.
Energy Performance Certificate
The EPC rating is E with potential C
A copy of the EPC and recommendation report can be viewed on the EPC Register Scotland.
Entry
By agreement on completion of legal formalities.
Legal Costs
Each party will bear their own legal costs. The ingoing tenant or purchaser will be responsible any LBTT due on the lease or purchase.
EPC rating: E. Council tax band: X, Tenure: Freehold,