31b Minto Street
Grange, Edinburgh, EH9

Offers over£80,000

Property Overview

  • Property ID: P762
  • Postal Code: EH9 2BT
  • Status: For Sale
  • Type: Commercial
  • Class: 1 (Retail)
  • Property Size: 441 ft2
  • Price: £80,000

Description

 

FOR SALE

31b Minto Street, Edinburgh EH9 2BT

Retail Unit

 

 LOCATION

The subject property is situated near the bottom of Minto Street (A701) approximately 2 kilometres south of Princes Street. The Southside/Newington area of Edinburgh connects with Cameron Toll to the south and the city centre to the north. The unit sits on the west side of the street close to the corner of West Mayfield.  Minto Street is known for having a large quantity of guesthouses and is a popular destination amongst tourists given its proximity to town and ease of access to most attractions.

Public transport links are very good with regular bus routes stopping close to the property.

 

 DESCRIPTION

The subjects are configured over the ground floor and comprise a single window retail unit, with a recessed door to the right-hand side, protected by an ornate gate. There is one floor of residential property above. The frontage is very nice and would look brilliant with a touch of paint and a nice sign above.

The unit has been used for the last 20 years as a jeweller. Upon entry the front shop is set up currently to suit the former business with a counter splitting the room in half. The back-room area has a trapdoor with timber stair leading to dry storage in the basement and a WC.

There is the addition of a mezzanine level for additional storage.

 

ACCOMMODATION

According to our recent measurement survey the subject comprises the following approximate net internal area:

Ground floor: 20 Sq. m (215 Sq.ft)

Basement: 16 Sq. m (172 Sq.ft)

Mezzanine: 5 Sq.m (54 Sq, ft)

 

Total 41 Sq. m (441 Sq. ft)

SALE PRICE
This property is for sale for offers over £80,000

 

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £3,250 effective 1st April 2023. The uniform business rate for the current year is 49 pence in the pound. Occupiers may be eligible for 100% 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.

 

UTILITIES

The property is served by mains electricity, and water.

 

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is Pending.

A copy of the recommendation report is available on request.

 

ENTRY

Upon completion of a formal missive under Scots Law.

 

LEGAL COSTS

Each party shall bear their own legal costs with the eventual tenant liable for any LBTT.

And any Registration Dues.

 

VIEWING AND FURTHER

INFORMATION

By appointment through the sole letting agent, Ime DJK Group Ltd.

EPC rating: Unknown. Council tax band: X,