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63 Elm Row 833 sq ft Retail Unit Offered at £180,000 in Edinburgh EH7 4AQ
INVESTMENT HIGHLIGHTS
- The subject property is situated near the top of Leith Walk
- The unit sits on the East side of Elm Row
- Public transport links are very good with regular bus routes stopping close to the property
EXECUTIVE SUMMARY
The subject property is situated near the top of Leith Walk, the section called ‘Elm Row’ (A900) approximately 0.5-miles northeast of Princes Street. The Leith area of Edinburgh connects with Broughton, Queens Street, Easter Road and the popular Shore and Leith Docks, which when the tram goes down Leith Walk will be very beneficial. The unit sits on the East side of Elm Row close to the corners of Brunswick Street and Montgomery Street and is surrounded by a mix of residential tenements, retailers, restaurants, cafes and bars. The amount of passing traffic and trade make this a popular commercial destination.
PROPERTY FACTS
| Total Property Size | 4,194 sq ft | Floors | 5 |
| Property Type | Retail (Unit) | Typical Floor Size | 2,097 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1880 |
| Costar Property Class | B | Total Plot Size | 0.05 ac |
| Total Property Size | 4,194 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 5 |
| Typical Floor Size | 2,097 sq ft |
| Year Built | 1880 |
| Total Plot Size | 0.05 ac |
AMENITIES
- Storage Space
1 UNIT AVAILABLE
Unit 63
| Unit Size | 833 sq ft | Sale Type | Investment |
| Price | £180,000 | Tenure | Freehold |
| Price Per sq ft | £216.09 | Net Initial Yield | 8.00% |
| Unit Use | Retail | NOI | £14,400 |
| Unit Size | 833 sq ft |
| Price | £180,000 |
| Price Per sq ft | £216.09 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.00% |
| NOI | £14,400 |
DESCRIPTION
Formerly a print design shop, the unit benefits from a rectangular open plan sales area to the front with a partition wall leading to the back shop, if this partition was removed it would open up to a large useable retail space suitable for most kinds of businesses. The basement is located via a set of stairs at the rear left hand-side. The WC is located here and a small kitchen area, the rest of the
basement is shelved, which would be ideal for stock.
SALE NOTES
Offers over £180,000 are sought for the freehold investment purchase. The sitting rent is £14,400 per annum on full repairing and insuring terms and conditions with just under nine years remaining.
Internal
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NEARBY MAJOR RETAILERS
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63 Elm Row
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