Portobello is a highly sought-after suburb of Edinburgh located approximately 4 miles east of the city centre. Its popular promenade and beach ensure the area enjoys regular visitors who are also attracted to the high street’s mix of independent boutiques and national retailers.
The subjects are situated on the north side of Portobello High Street in between Adelphi grove and Adelphi Place. The area is mixed commercial and residential with car parking widely available and regular public transport links.
Adjoining commercial occupiers to the premises include Portobello Tap, Anna Thai Take Away, Stanbul-Burgers, St. Clair’s Tattoo and Wild Flower.
The subjects comprise a double windowed commercial premises suitable for class 1 and class 2 uses and is arranged over ground and basement with flats to the upper levels. It benefits from a double frontage and forms part of a four-storey building.
The premises comprise a bright open plan space with a WC to the rear at the ground floor level. At the right-hand side corner there is a staircase which leads to a useful basement ideal for storage purposes.
The subjects are generally in fair condition throughout. The main area has a plasterboard ceiling with laminate floor coverings and painted plastered wall finishing.
According to our recent measurement survey the premises contain the following approximate net internal area:
43.02 sq m (463sq ft)
Our client is seeking offers in excess of £85,000 exc. VAT for their heritable interest.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £3,400 effective 1st April 2017. The uniform business rate for the current year is £0.49 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
The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is pending.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs with the eventual purchaser liable for any LBTT and Registration Dues.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, Allied Surveyors Scotland plc.
- VAT free investor opportunity in sought after Portobello High Street
- Suitable for class 1/class 2 use
- Double windowed frontage
- Useable basement ideal for storage