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Allied Surveyors Scotland kicks off 2019 with a duo of lettings

5 Salisbury Place, Edinburgh

** This story appeared in The Scotsman and Commercial News Media on Friday 18th January **

The east coast commercial agency arm of Allied Surveyors Scotland has completed a brace of property transactions in the first two weeks of January, building on a strong end to 2018.

38 Dalry Road in Edinburgh has been let on behalf of Shaf Rasul’s SRA Ventures on a new 10-year lease at £12,750 per annum after less than 4 weeks on the market.

Meanwhile, elsewhere in the city, 64 Corstorphine Road has been let for 10 years to Thistle Trading Group on behalf of a private landlord. A deal was struck in excess of the £15,000 per annum quoting rent.

“Both of these deals demonstrate that there is a plenty of life in the property market despite the ongoing political uncertainty,” said director of commercial agency (east), Iain Mercer.

These latest transactions follow the successful purchase in December of 5 Salisbury Place in Causewayside. Allied Surveyors acquired the property, which is let to Cocco Latte, on behalf of an overseas buyer for £120,000.

In West Lothian, a new tenant was secured for a private landlord at 1 Jarvey Street in Bathgate at a rental of £14,820 per annum.

“The local property market continues to be buoyant with demand from a range of tenants and buyers for business premises and well-let investments,” added Mr Mercer.

About the author

Iain Mercer BA, AssocRICS

Iain is a Director of Allied Surveyors Scotland plc and opened the firm's first east coast commercial agency in April 2018.  With nearly 20 years' experience of the Scottish market, he has become a tenacious deal maker covering the Lothians, Scottish Borders and Perth & Kinross regions. In August 2020 he became an Associate of RICS. 

In his spare time he is a freelance writer, enjoys running and is also a qualified youth football coach with Haddington Athletic where he coaches an under-14 team. 

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