SOLD Leasehold Shop For Sale in Marchmont, Edinburgh 2642

    1864

SOLD

Due to relocation this is a rarely available leasehold unit in the affluent and densely populated Marchmont area of Edinburgh.

With an attractive rent of only £8,000 pa this bright spacious west facing unit can have permission for outside seating and would be idea for a wide range of retail or service businesses.

In good condition throughout this 38m2 (401sqft) unit comprises an open plan front shop with wide corridor to the rear shop and staff toilet.

Leasehold interest for sale.


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Tenure
Leasehold. Rent £8,000 per annum. Current lease expires in April 2024. Rateable value only £6,300 so the property is eligible for 100% small business rates relief so no rates are payable. It has class 1 retail use.
Premises
Premises: This is a bright spacious retail unit in the popular Marchmont area of Edinburgh. The shop forms part of a parade of independent local retail and food outlets which are very much the hub of the local community. Marchmont is popular with both students and young professionals alike and as such is an affluent and densely populated area. It is close to both Edinburgh University and the Meadows and equidistant from the Newington, Bruntsfield and Morningside areas of Edinburgh. The current tenant is only selling their lease due to relocation to larger premises. The premises will have to be renamed by the new tenant. The shop extends to 38m2 (401sqft) and has a bright west facing front shop which can have permission for outside seating. The front and rear parts of the shop are linked by a wide corridor currently used as additional retail space. To the rear is additional retail or storage/office space and a staff toilet.