6 Gillespie Place, Edinburgh, EH10 4HW

Availability

For Sale

Price

£168,000

Location

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.

Key Points

  • 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

Size

631 sq ft (58.60 sq m)

Accommodation

Area sq ft sq m
Ground floor 341.00 31.70
Basement 290.00 26.90