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109-115 Grove St 434 SF Retail Condo Unit Offered at $228,492 in Edinburgh EH3 8AB
INVESTMENT HIGHLIGHTS
- Located within the heart of Edinburgh’s Fountainbridge District
- Close to all local amenities
- Close proximity to Haymarket Train Station and the Edinburgh Quay Development
EXECUTIVE SUMMARY
The subject comprises a well-presented café premises arranged over the ground floor of a two storey and attic mid terraced traditional building. The subject is located in the heart of Edinburgh's Fountainbridge district, approximately 1.5 miles south-west of Edinburgh's City Centre. Fountainbridge has recently undergone impressive redevelopment, creating a vibrant, diverse & sustainable neighbourhood. This major regeneration project includes over 450 new homes alongside a range of shops, cafes, offices, & hotel & leisure amenities, including Leamington Square, Moda Living, and Edinburgh Quay. The property is situated on the south side of Grove Street, opposite the junction with Brandfield Street. Grove Street is conveniently located on the one-way road that links Fountainbridge to the south and Morrison Street to the north. The premises is situated within a dense commercial and residential area comprising a mix of students, professionals and families. The nearby occupiers include Tesco, Loudons, Hank's Sandwich Bar and Maki & Ramen as well as Grove House Hotel, Moxy Hotel and Fountain Court Apartments.
PROPERTY FACTS Sale Pending
| Total Building Size | 1,000 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 488 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1924 |
| Building Class | B | Lot Size | 0.03 AC |
| Total Building Size | 1,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 488 SF |
| Year Built | 1924 |
| Lot Size | 0.03 AC |
1 UNIT AVAILABLE
Unit 111
| Unit Size | 434 SF | Sale Type | Investment |
| Price | $228,492 | Tenure | Freehold |
| Price Per SF | $526.48 | Cap Rate | 7.20% |
| Condo Use | Retail | NOI | $16,451.39 |
| Unit Size | 434 SF |
| Price | $228,492 |
| Price Per SF | $526.48 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.20% |
| NOI | $16,451.39 |
DESCRIPTION
Internally, the accommodation offers a bright, open-plan café with seating area to the front accommodating circa 20 covers and kitchen and w/c facilities to the rear. The property benefits from a large glazed frontage that provides abundant natural light, creating a welcoming and pleasant space.
This listing offers an exciting opportunity to acquire a wellestablished, fully operational café within one of Edinburgh’s most sought-after neighbourhoods.
SALE NOTES
Offers in excess of £170,000 reflecting a NIY of 7.20% assuming purchaser’s costs of 2.10%.
Interior
Interior
Interior
Interior
NEARBY MAJOR RETAILERS
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109-115 Grove St
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