For Sale

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No 119 New Silvermills Car Park, NW Cumberland Street Lane, Edinburgh, EH3 6RF
Tenure: For Sale
Size: 157 sq ft (15 sq m)
Price: Offers Over £45,000

Key Features

  • Single car parking space set within a purpose-built car park
  • Benefits from an EV charging point
  • Situated just off St Vincent Street and Dundas Street
  • Only a short distance from George Street and Princes Street
  • 14.57 sq m (156.86 sq ft)

The subjects comprise a single car parking space set within a modern and purpose-built, secure underground car park of solid concrete construction.

The car park benefits from an automatic roller shutter access point and an EV charging point which is currently not connected.

North West Cumberland Street Lane is located in Edinburgh’s world renowned New Town, only a short distance north of George Street and Princes Street.

New Silvermills Car Park is situated beneath a large residential development.  The street is bordered by St Vincent Street to the west and Dundas Street to the east making it easily accessible for cars and pedestrians.

The affluent district of Stockbridge with its mix of independent shops and boutiques is only a short walk away.

Public transport is readily available in the immediate area.

Accommodation

According to our recent measurement survey the premises contain the following approximate gross internal area:

14.57 sq m (156.86 sq ft)

The space is capable of accommodating a standard vehicle, estate, suv or similar.

Price

Our client is seeking offers over £45,000 to dispose of their single share. No VAT is applicable.

Terms

The sale will comprise the transfer of a single share with no legal contract necessary.

Factor fees

The space is subject to factoring fees from the building factors Ross & Liddell.  Further information on this can be provided on request.

Rateable value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £2,100 effective 1st April 2023.  The uniform business rate for the current year is £0.498 pence in the pound.

Anti-money laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017.  This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.

Entry

Upon the transfer of a single share certificate. 

Viewing and further information

By contacting the sole selling agent:

Iain W. Mercer BA, AssocRICS

Director of Commercial Agency (East)

0131 357 4455 / 07713 626 887

Iain.mercer@alliedsurveyorsscotland.com

 

Bernadetta Majewska BSc (Hons) MRICS

Commercial Surveyor

0131 357 4455 / 07917 924 112

Bernadetta.majewska@alliedsurveyorsscotland.com

 

 

Iain W. Mercer

Head of Commercial Agency - Scotland
Bernadetta Majewska

Commercial Surveyor - Agency and Valuation

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