Freehold Commercial Property in Highly Sought After Edinburgh Location

City of Edinburgh, Edinburgh

Status

FOR SALE

Date Submitted:

09/07/21

Advert ID

279483

Reference

1619 / Rightbiz
Freehold: £149,000

Central Business Sales is delighted to offer to the market a rare opportunity to purchase a freehold class 1 retail property in the highly sought after location of Ferry Road in the centre of Edinburgh. Ferry Road is an extremely busy retail location with a high footfall and is home to a large number of independent retailers. It is a busy thoroughfare in and out of the city centre and is also a residential area popular with families and professionals alike.

The unit had been run for 20 years as a local convenience store until the owners of the business retired. The shop has a class one retail licence and could easily be used as a retail shop, beauty salon, coffee shop or a sandwich shop. A new owner could also look at a change of use and obtain a class 3 hot food licence.

The current owners have also looked into altering the property for residential use and inquiries have suggested that this would be a possibility, which is something a new owner may wish to investigate further.

The double front property is approximately 70m² with an open plan layout. There is a good sized storage area to the rear. The property is in need of modernisation but offers an excellent investment opportunity. There is also a leasehold option with a long term lease available with rent £12,000 per annum.

***PLEASE NOTE ALL VIEWINGS AND CONTACT MUST BE MADE THROUGH CENTRAL BUSINESS SALES***

Key Features
  • Close to Local Amenities
  • Prime Location
  • Vacant/Empty Premises
Contact Agent
Advert Reference:
1619 / Rightbiz
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