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INVESTMENT HIGHLIGHTS
- Great opportunity to purchase Grade B listed semi detached stone villa.
- Benefits from up to 12 Car parking Spaces.
- Suitable for a variety of uses subject to planning.
- VAT Free opportunity.
- Situated opposite Leith Links in leafy suburb.
- Excellent transport links with several tram stops 5 minutes away.
- Overall, NIA: 337.69 Sq M (3635 Sq Ft).
- Offers Over £950,000.
EXECUTIVE SUMMARY
Great opportunity to purchase Grade B listed semi detached stone villa Situated opposite Leith Links in leafy suburb Excellent transport links with several tram stops 5 minutes away Suitable for a variety of uses subject to planning Overall, NIA: 337.69 Sq M (3635 Sq Ft) Offers over £950,000
The subjects are located within Scotland's capital city of Edinburgh, which at present has a resident population of circa 515,000 persons andis considered one of the United Kingdom's strongest regional economies, comprising the country's commercial, cultural and political hub. The population is projected to increase to circa 585,000 by 2030.
More specifically, the subjects are situated immediately west of the Leith Links Public Park and the surrounding locality is predominantly of a private residential nature but incorporating a number of other similar type offices, guesthouse operators and local retailers throughout the vicinity.
The location has benefited from the recently extended Edinburgh tram service to Leith and Newhaven, which is incorporated upon the nearby Constitution Street thoroughfare. This is expected to improve the local economy including the commercial and residential property sectors and it makes the subjects much more accessible. The subjects are located within a locale of a mixture of residential and commercial properties.
The location benefits from further strong surrounding transport activity via road networks and public bus services all being immediately accessible.
Leith itself has been regenerated over the years and is only gaining in popularity.
The subjects comprise a substantial semi-detached stone built former church rectory surmounted by a pitched and slate roof formerly utilised as office accommodation being B Listed in nature.
The subjects are arranged over lower ground, ground and two upper levels. To the front and side of the property garden ground with tarmacadam car parking facilities are provided, whilst towards the rear a single car garage of brick and stone construction, all of which is held under a pitched and slated roof. We would note the substantial car parking/garden element as real benefit with there being less and less car parking available within the city and indeed Leith itself.
The subjects are accessed via stone steps from the front garden ground with a secondary means of access being available adjacent to the garage towards the rear.
Internally, the accommodation is similar throughout forming cellular office accommodation at ground and upper floor levels. The accommodation benefits from timber floors, generally being carpeted, with sections having linoleum and sanded and sealed finishes. Walls are largely plastered and painted with ceilings being of a full height lath and plaster design incorporating intricate cornice work. A high degree of natural daylight is provided to the accommodation via timber frame sash and case windows, with Velux windows noted at attic level.
At lower ground floor level, further toilet facilities are provided with the basement accommodation providing further ancillary storage.
The ground and upper levels are interconnected by way of internal timber and carpeted stairs. Tea preparation facilities are provided at ground and attic levels with toilet facilities being located on each level throughout.
The subjects benefit from mains electricity, gas and water supplies, whilst we assume drainage is connected to the main sewage system.
The subjects are located within Scotland's capital city of Edinburgh, which at present has a resident population of circa 515,000 persons andis considered one of the United Kingdom's strongest regional economies, comprising the country's commercial, cultural and political hub. The population is projected to increase to circa 585,000 by 2030.
More specifically, the subjects are situated immediately west of the Leith Links Public Park and the surrounding locality is predominantly of a private residential nature but incorporating a number of other similar type offices, guesthouse operators and local retailers throughout the vicinity.
The location has benefited from the recently extended Edinburgh tram service to Leith and Newhaven, which is incorporated upon the nearby Constitution Street thoroughfare. This is expected to improve the local economy including the commercial and residential property sectors and it makes the subjects much more accessible. The subjects are located within a locale of a mixture of residential and commercial properties.
The location benefits from further strong surrounding transport activity via road networks and public bus services all being immediately accessible.
Leith itself has been regenerated over the years and is only gaining in popularity.
The subjects comprise a substantial semi-detached stone built former church rectory surmounted by a pitched and slate roof formerly utilised as office accommodation being B Listed in nature.
The subjects are arranged over lower ground, ground and two upper levels. To the front and side of the property garden ground with tarmacadam car parking facilities are provided, whilst towards the rear a single car garage of brick and stone construction, all of which is held under a pitched and slated roof. We would note the substantial car parking/garden element as real benefit with there being less and less car parking available within the city and indeed Leith itself.
The subjects are accessed via stone steps from the front garden ground with a secondary means of access being available adjacent to the garage towards the rear.
Internally, the accommodation is similar throughout forming cellular office accommodation at ground and upper floor levels. The accommodation benefits from timber floors, generally being carpeted, with sections having linoleum and sanded and sealed finishes. Walls are largely plastered and painted with ceilings being of a full height lath and plaster design incorporating intricate cornice work. A high degree of natural daylight is provided to the accommodation via timber frame sash and case windows, with Velux windows noted at attic level.
At lower ground floor level, further toilet facilities are provided with the basement accommodation providing further ancillary storage.
The ground and upper levels are interconnected by way of internal timber and carpeted stairs. Tea preparation facilities are provided at ground and attic levels with toilet facilities being located on each level throughout.
The subjects benefit from mains electricity, gas and water supplies, whilst we assume drainage is connected to the main sewage system.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,635 SF
Building Class
B
Year Built
1887
Price
$1,265,772
Price Per SF
$348.22
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
960 SF
Building FAR
3.44
Lot Size
0.02 AC
Parking
12 Spaces (3.3 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Gibson Gas Tankers Limited
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Gibson Gas Tankers Limited | - | - | - | - |
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