28-32 Haddington Pl Local commercial 340 m² 100 % Loué À vendre Edinburgh EH7 4AG 206 097 € (606,29 €/m²)

28a Haddington Place, Edinburgh EH7 4AF

Investment Sale

LOCATION

Haddington Place is situated roughly 0.6 miles northeast of Edinburgh's city centre, near Princes Street, and is part of Leith Walk—a major thoroughfare that draws people into the heart of the city each day, whether they travel by car, bus, tram, or on foot.

Leith Walk is one of Edinburgh's longest streets, serving as the primary route linking the port area of Leith to the city centre. The road rises gradually from 'the Foot of the Walk' at its northeast end, where Great Junction, Duke, and Constitution streets converge, all the way to the Picardy Place passing Brunswick, Elm Row and Haddington Place.

This area is a vibrant mix of residential flats and commercial spaces, making it a highly sought-after location for both living and working, thanks to its proximity to the city and outstanding transport links.

DESCRIPTION

The property is an inviting space situated on the lower ground floor of a charming traditional tenement building, boasting a prominent street presence and significant foot traffic. Upon entering, you are greeted by a spacious main room, which is easily accessible via a small staircase that descends directly from the street to the lower level. This generous area features access to additional rooms at the rear.

The large, elegantly curved windows at the front of the premises face south, bathing the interior in an abundance of natural light, creating an uplifting and welcoming atmosphere. Towards the back of the property, there is another open area that can serve various purposes, along with extra storage or office space located further in the rear.

A WC facility with a shower is located to the front left-hand side.

ACCOMODATION

According to our recent measurement survey, the subjects comprise of the following approximate net internal area:

• 77 sq. m (829 sq. Ft)

SALE PRICE

Offers over £180,000 for the freehold interest.

LEASE TERMS

High end Barber Shop at £16,000 per annum expiring in 2027 on full repairing and insuring terms and conditions.

VAT

There will be no VAT due on the sale.

SERVICES

The property is served by mains water, and electricity.

ENERGY PERFORMANCE RATING

The Energy Performance Certificate (EPC) rating is currently G.

RATEABLE VALUE

According to the Scottish Assessor’s website () the subjects have a Rateable Value of £11,700. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2023).

For ratepayers of a single subject the following will apply from 2023/24 onwards

Rateable value range Percentage of relief (subject to eligibility)

Up to £12,000 100%

£12,001 to £15,000 award will taper from a maximum of 100% to a minimum of 25%

£15,001 up to £20,000 award will taper from a maximum of 25% to zero

For ratepayers of more than one subject the following will apply from financial year 2023/24 onwards

Combined rateable value Percentage of relief (subject to eligibility)
of all businesses
in Scotland

Up to £12,000 100%

£12,001 to £35,000 25% for each individual subject with a rateable value of £15,000 or less and/or award will taper

from 25% to zero for each individual subject with a rateable value between £15,001 and £20,000

LEGAL COSTS

Each party is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the sale including LBTT or VAT applicable.

ENTRY

Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION

By appointment through the sole selling agent, ime DJK Group Ltd.