For Sale either individually or as a whole
Potential for 100% rates relief
Ratcliffe Terrace is situated in the Grange area of Edinburgh approximately 1.5 miles south from the City Centre and 3 miles from the City Bypass. Cameron Toll Shopping Centre is situated approximately 1 mile to the south east. The premises are located on a busy road with high levels of passing traffic within a popular area, principally occupied by local traders including City Farmshop, Edinburgh Dental, Vino Wine and BP Garage.
The properties comprise two adjacent retail units and provide a unique opportunity to purchase individually or as a whole.
66 Ratcliffe Terrace
The premises are arranged over ground and basement levels and comprise the following approximate net internal areas:
Ground Floor: 570 sq ft / 52.99 sqm
Basement: 227 sq ft / 21.1 sqm
Store (66a): 108 sq ft / 10.12 sqm
68 Ratcliffe Terrace
The premises are arranged over ground floor and extends to the following approximate net internal area:
Ground Floor: 216 sq ft / 20.09 sqm
An EPC report is available on request.
No. 66 has a Rateable Value of £7,700 / Store: £230
No. 68 has a Rateable Value of £3,300
The premises should qualify for 100% Business Rates Relief (no rates payable) under the Small Business Bonus Scheme. All interested parties should satisfy themselves on the rates relief with the appropriate authority.
We are seeking offers to purchase the heritable interest together or separately:
66 Ratcliffe Terrace: £125,000
68 Ratcliffe Terrace: £75,000
All interested parties should satisfy themselves however we understand that consent exists as follows:
No. 66 benefits from having Class 1 and 2 consent.
No. 68 benefits from having Class 1 consent.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be requested at the relevant time.
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.