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6 Gillespie Place 6 Gillespie Place, Edinburgh, EH10 4HW
Agents
EYCO
Ruari Hobkirk
Callum Keane
Use Class
E
Size
631 sq ft
Price
£168,000
Key Features
Attractive VAT free investment
Inline unit on a busy thoroughfare
Full Class 3 unit situated in a busy central location
Leased to Coffee Etc Ltd t/a Khartoum Café
Recently signed a new lease for a 10-year term
Upward only rent review on the 5th anniversary of the lease to the higher of the passing rent and open market value
Rent of £12,000 per annum (£19.02 per sq ft)
Offers over £168,000 (One hundred and sixty-eight thousand pounds sterling) are invited reflecting a 7.01% net initial yield after allowing standard purchaser costs
Description
The subject is located in the Bruntsfield district of Southside Edinburgh and just 1 mile from the city centre. Bruntsfield benefits from a large residential catchment with a considerable number being students and young professionals. Gillespie Place sits between Bruntsfield Place and Leven Street both of which lead onto Lothian Road and serve as major thoroughfares in the area. The subject is in close proximity to Bruntsfield Links and the Meadows which is a large 58-acre park that is very popular with the local residents, especially in the summer months. Neighbouring occupiers provide a good mix of retailers, cafes, restaurants, and beauty uses. Nearby occupiers include Mike Kennedy Physiotherapy, Paonessa Art Gallery, Hair by JFK, Skin Addiction and Patron Saint.
Accommodation
631 Sq.Ft
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
All data ©2024 Completely Property Technology Limited
This was last updated on 10/09/2024