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38-50 Dundas St 315 SF Retail Condo Unit Offered at $300,304 in Edinburgh EH3 6JN
PROPERTY FACTS
| Total Building Size | 4,631 SF | Floors | 6 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,543 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1897 |
| Building Class | B | Lot Size | 0.06 AC |
| Total Building Size | 4,631 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 1,543 SF |
| Year Built | 1897 |
| Lot Size | 0.06 AC |
AMENITIES
- 24 Hour Access
- Storage Space
1 UNIT AVAILABLE
Unit 46
| Unit Size | 315 SF | Sale Type | Investment |
| Price | $300,304 | Tenure | Freehold |
| Price Per SF | $953.35 | Cap Rate | 7.40% |
| Condo Use | Retail | NOI | $22,222.52 |
| Unit Size | 315 SF |
| Price | $300,304 |
| Price Per SF | $953.35 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.40% |
| NOI | $22,222.52 |
DESCRIPTION
The subject comprises a Class 1A premises arranged over the ground floor of a four-storey and basement mid-terraced traditional Georgian tenement. The large glazed frontage provides natural light to flow through the premises.
Internally, the accommodation offers a well-presented, bright front shop & display area. Additionally, there is a tea preparation area and WC facilities to the rear of the property.
The open-plan layout offers flexibility, making the premises suitable for a variety of retail, office, café or workshop uses, suject to the necessary consents.
The outstanding listing offers a rare opportunity in one of Edinburgh's sought-after neighbourhoods.
SALE NOTES
Offers over £225,000 are invited for the freehold interest reflecting a NIY of 7.4%, assuming purchaser's cost of 2.75%.
Currently leased for £17,000 pa (Ninety Four Ltd) until April 5th 2035 with a break option upon the fifth year of occupancy (starting date for lease was April 6 2025).
NEARBY MAJOR RETAILERS
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38-50 Dundas St
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