101 Dundas Street, Edinburgh .

Property Details
For Sale

Property Address

Retail Investment
101 Dundas Street

Property Type Investment
Property Size
Date Listed February 26, 2018

Property Actions

Property Description

Executive Summary:
• Excellent opportunity to purchase a well let retail investment in the heart of Edinburgh’s New Town;
• Located on a busy thoroughfare with direct access to Edinburgh’s City Centre;
• Passing rent £10,500 per annum;
• We are instructed to seek offers in excess of £158,000 (ONE HUNDRED AND FIFTY EIGHT THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level
would show a net initial yield of 6.50% after allowing for purchasers’ costs of
1.95% including LBTT (Land Building and Transactions Tax).

The subject premises comprise a ground floor retail premises held within a four storey plus basement, mid-terraced, traditional stone building held in part under a flat felt and part pitched and slated roof. Access to the property is via a recessed timber and glazed pedestrian door whilst the subjects benefit from a generously apportioned single glazed display window.
Internally, the unit is fitted out for the current Locksmith business with serving counter and retail space to the front, W/C and storage area within the mid-part of the shop and a cellular office to the rear.

About the Location

Edinburgh is the capital city of Scotland, located approximately 400 miles north of London and 45 miles east of Glasgow. It is one of the six cities categorised by PMA as a major city and, consequently, benefits from a significant catchment population. Road communications are excellent with the M90 located to the north, the M8 and M9 to the west and the A1 trunk road to the south which provide links to all major cities in the UK. The city is well served by the rail network, with direct and frequent services to London (Euston and Kings Cross) and Glasgow with fastest journey times of approximately 4 hour 50 minutes and 51 minutes respectively. Edinburgh also benefits from one of Britain’s fastest growing airports, providing both domestic and international flights.

The property is located on the east side of Dundas Street, bound by the junctions of Fettes Row to the North and Cumberland Street to the South, forming part of Edinburgh’s Historic New Town. The subject premises is located on one of Edinburgh’s principal thoroughfares leading from the north of the city to the City Centre. Nearby occupiers include Rag & Bone Hairdressers, Margiotta, Dundas Veterinary Group, Bacco Wine Bar, Cats Protection Society and Cuckoo’s Bakery.

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