Tenanted Commercial LOT 564

50 Magdalene Drive, Edinburgh, EH15 3DD
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Map & Location

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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Ground floor tenanted commercial premises located within popular Brunstane area of Edinburgh. IMMEDIATE RETURN ON INVESTMENT***

Single storey commercial property currently trading as hairdressers / beauty salon. Let at £550pcm (£6,600 per annum).

HIGHLY PROMINENT TRADING POSITION within densely populated residential area.

EXCELLENT INVESMENT OPPORTUNIY*** Potential HOT FOOD LOCATION in excellent trading position (subject to gaining necessary consents).

Established residential catchment area east of Edinburgh City Centre well for access to excellent local amenities such as the Fort Kinnaird Retail Park.

Ground floor tenanted commercial premises located within popular Brunstane area of Edinburgh. IMMEDIATE RETURN ON INVESTMENT*** Single storey commercial property currently trading as hairdressers / beauty salon. Let at £550pcm (£6,600 per annum). HIGHLY PROMINENT TRADING POSITION within densely populated residential area. EXCELLENT INVESMENT OPPORTUNIY*** Potential HOT FOOD LOCATION in excellent trading position (subject to gaining necessary consents). Established residential catchment area east of Edinburgh City Centre well for access to excellent local amenities such as the Fort Kinnaird Retail Park.

Magdalene Drive lies within Brunstane a sought-after suburb which lies to the east of Edinburgh City Centre. The area is well served by an excellent range of amenities including an Asda Hypermarket and Fort Kinnaird Retail Park at Newcraighall. Further leisure and recreational amenities can be found at neighbouring Portobello and Musselburgh. Schooling is well represented from nursery to senior level, with the Queen Margaret University and Jewel and Esk Valley College catering for the more mature student. An efficient public transport network is on hand, which operates to most parts of the town. Brunstane railway station is close by and the A1, City Bypass and main motorway networks are also within easy reach. Situated within a sought after commercial development convenient for Fort Kinnaird and Asda at The Jewel and benefits good transport links. On street parking available.

Full Address: 50 Magdalene Drive, Edinburgh, EH15 3DD

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Tenancy Details

Type of Agreement: Informal Arrangement
Length:
Rent: £6,600 per year / £550 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £54,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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