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38-50 Dundas St 315 sq ft Retail Unit Offered at £225,000 in Edinburgh EH3 6JN
PROPERTY FACTS
| Total Property Size | 4,631 sq ft | Floors | 6 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,543 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1897 |
| Costar Property Class | B | Total Plot Size | 0.06 ac |
| Total Property Size | 4,631 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 6 |
| Typical Floor Size | 1,543 sq ft |
| Year Built | 1897 |
| Total Plot Size | 0.06 ac |
AMENITIES
- 24 Hour Access
- Storage Space
1 UNIT AVAILABLE
Unit 46
| Unit Size | 315 sq ft | Sale Type | Investment |
| Price | £225,000 | Tenure | Freehold |
| Price Per sq ft | £714.29 | Net Initial Yield | 7.40% |
| Unit Use | Retail | NOI | £16,650 |
| Unit Size | 315 sq ft |
| Price | £225,000 |
| Price Per sq ft | £714.29 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.40% |
| NOI | £16,650 |
DESCRIPTION
The subject comprises a Class 1A premises arranged over the ground floor of a four-storey and basement mid-terraced traditional Georgian tenement. The large glazed frontage provides natural light to flow through the premises.
Internally, the accommodation offers a well-presented, bright front shop & display area. Additionally, there is a tea preparation area and WC facilities to the rear of the property.
The open-plan layout offers flexibility, making the premises suitable for a variety of retail, office, café or workshop uses, suject to the necessary consents.
The outstanding listing offers a rare opportunity in one of Edinburgh's sought-after neighbourhoods.
SALE NOTES
Offers over £225,000 are invited for the freehold interest reflecting a NIY of 7.4%, assuming purchaser's cost of 2.75%.
Currently leased for £17,000 pa (Ninety Four Ltd) until April 5th 2035 with a break option upon the fifth year of occupancy (starting date for lease was April 6 2025).
NEARBY MAJOR RETAILERS
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38-50 Dundas St
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