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Description
Tenure: Freehold
FOR SALE
56 Ratcliffe Terrace, Edinburgh EH9 1ST
RETAIL/OFFICE
LOCATION
Ratcliffe Terrace is an extension of the Causewayside area of Edinburgh is located approximately 0.5 miles south of the city centre. It is known to be a desirable area for residential living with a strong business and retail presence in the immediate area.
The property lies between the junctions of Grange Loan and Fountainhall Road and is directly opposite Edinburgh Dental.
Ratcliffe Terrace is known for having high volume of Student residencies and is a main route for Students walking to either George Square or The Kings Buildings respectively.
The area is well-served by public transport with regular bus routes to the city centre and surrounding areas.
DESCRIPTION
Situated over the ground level of a traditional stone built four-storey dwelling with a slated roof. Externally the premises form a single fronted unit with a large window to the right of a timber door with borrowed light and good signage space above. The unit was formerly used for making cosmetic dentures, The layout internally is a traditional front shop back shop set up with a small private room off the corridor leading to the back shop.
The unit needs a little bit of renovation work but not too much, there are new looking radiators and a Vokera combi boiler. The WC is off the back room to the lefthand side.
ACCOMMODATION
According to our recent measurement survey the subject comprises the
following approximate net internal area:
Total 39 Sq m (420 Sq ft)
SALE PRICE
Offers over £105,000 are sought for the freehold sale/purchase of this property.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,800. The threshold for full rates relief under the Small Business Bonus Scheme has changed for the financial year 2024/25. For properties with a RV between £12,001 and £15,000 the award is now 25%. The uniform business rate for the current year is £0.498 pence in the pound.
UTILITIES
The property is served by mains electricity, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is Pending.
A copy of the recommendation report is available on EPC register Scotland.
ENTRY
Upon completion of a formal missive under Scots Law.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT
and Registration Dues.
VIEWING AND FURTHER
INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.
EPC rating: Unknown. Council tax band: X, Tenure: Freehold,