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Description

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

***PRIME COMMERCIAL INVESTMENT PROPERTY*** located in busy Great Junction Street, Edinburgh. Large Retail Premises with triple Prominent Frontage Ground Floor and Basement. 191.2 Sq M.

Large Double fronted and single glass display windows with side recessed secure entrance door, leading to aprox 90sq m of retail sales / office space and full height basement also approx 90 sq m.

May suit multiple uses including being split in to 2 units, subject to planning. May suit retail / office use. RV: £13,400, Benefits from air condoning & buzzer entry located on busy shopping street.

Realistic rent for this unit £2000pcm giving an annual income of £24,00 and offering a SUPERB YIELD OF UP TO 11% if achieved for Guide price.

Great Junction Street is a principal thoroughfare located just off Leith Walk approximately 1.5 miles north of Princes Street. Nearby commercial occupiers include Tesco Express & Leith Bed Centre.

***PRIME COMMERCIAL INVESTMENT PROPERTY*** located in busy Great Junction Street, Edinburgh. Large Retail Premises with triple Prominent Frontage Ground Floor and Basement. 191.2 Sq M. May suit multiple uses including being split in to 2 units, subject to planning. May suit retail / office use. RV: £13,400, Benefits from air condoning & buzzer entry located on busy shopping street. Benefits from excellent passing vehicular trade and pedestrian footfall Realistic rent for this unit £2000pcm giving an annual income of £24,00 and offering a SUPERB YIELD OF UP TO 11% if achieved for Guide price. The unit also benefits from UPVC framed and double-glazed full height display windows with centrally located recessed entrance door. Internally, the subjects offer open plan sales/office space to the front with a single partitioned room, with further sales/ office/storage space, W/C compartment and kitchenette located to the rear Description Large shop double fronted shop on a busy road with free parking nearby. Formerly used as an office and comprises 5 rooms upstairs small kitchen area and separate toilet with stairway leading down to a basement with three storage rooms. New double glazing and security door with buzzer entry 90 square meters upstairs and full height basement of 90 square meters downstairs currently used as storage. Situated on the north side of Great Junction Street close to Leith Walk Suitable for uses compliant with Class 1A. Internally, the main sales area is open plan with a laminate floor covering and benefitting from a high ceiling incorporating a cornice style effect. The back shop provides a staff area with small kitchen and separate toilet compartment off to the side. Nearby commercial occupiers include Tesco Express, Anything and Everything, Daisy Barbers, Leith Bed Centre and Edinburgh Community Bookshop.

Great Junction Street is a principal thoroughfare located just off Leith Walk approximately 1.5 miles north of Princes Street. The property is located on the north side of Great Junction Street in a parade of similar units between Constitution Street and Henderson Street. Public transport is widely available nearby with the nearest tram stop at Foot of the Walk. Nearby commercial occupiers include Guido’s Fish and Chips, Mac’s Audio, Baynes the Bakers, and Leith Pharmacy.

Full Address: 166 Great Junction Street, Leith, Edinburgh, EH6 5LJ

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Pricing Information & Bidding

Opening Bid: £226,000

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: 06 February 2025, 10am-3pm
Type: Timed Online Auction

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