Sakura, 18 West Preston Street

Transcription

1 Seven bedroom victorian terraced property comprising of main door access level City centre location Sakura, 18 West Preston Street Newington, Edinburgh, EH8 9PU 8 BED 6 BATH + 3 WC COMMERCIAL OPPORTUNITY ENERGY E USP EPC RATING Scan Here! McEwan Fraser Legal S o l i c i t o r s & E s t a t e A g e n t s Viewing - By appointment telephone selling agent Mon to Fri: 8am - Midnight Sat to Sun: 9am - 10pm Part Exchange Available

2 ewington is an area of Edinburgh, Scotland, about 15 to 20 N minutes walk South of the city centre, the Royal Mile and Princes Street. It is the easternmost district of the area formerly covered by the Burgh Muir, gifted to the city by David Ist in the 12th Century. It is bounded to the East by Dalkeith Rd, to the West by Causewayside, to the North by East and West Preston St, and to the South by East and West Mayfield. Even after the 1586 consolidation of land rights over the Burgh Muir, the area remained largely rural. The Newington Estate was purchased sometime before 1672 by John Lauder, a Baillie and Treasurer of Edinburgh, who thereafter took the landed designation of Newington, until he became Sir John Lauder, 1st Baronet of Fountain hall. This family later also became possessed by marriage of the estate of The Grange, Edinburgh. With overcrowding of the city centre being initially alleviated by migration to the North, to the New Town, via the North Bridge erected in However, many people felt that the New Town, elegant as it was, did not offer privacy and intimacy and so, when the South Bridge was built in 1788, parts of Newington became available for development and migration there commenced, generally into small villas. Many of these can still be seen. Much of the tenement building, however, was not to come for another 100 years. This main road is highly commercial, containing various retail businesses and pubs, as well as an NHS dentist on Mayfield Road. These are mostly the ground floor of residential tenement buildings. Newington is heavily populated by students, many living in Pollock Halls of Residence, purpose-built halls for the University of Edinburgh. This popularity with students is largely due to the area s proximity to both of the University of Edinburgh s main campuses: George Square and King s Buildings. Newington adjoins The Meadows, Sciennes, and Grange to the West and Holyrood Park and Prestonfield to the East. However today the area is nestled in the heart of a vibrant location which enjoys outstanding close proximity to all that the inspiring capital has to offer. Award-winning restaurants, trendy bistros, independent retailers, art galleries, theatres, traditional pubs and designer outlets, including Harvey Nichols, are all on virtually your doorstep.

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4 art Exchange available, McEwan Fraser Legal are delighted to be able to present to the market The Sukura PGuest House, which is currently trading as a fully serviced seven room guest house. The property occupies part of a Victorian terrace comprising main door access including basement accommodation. This is a unique opportunity to purchase a substantial property and business located in one of the most historic cities in the world. Sakura Guest House is currently run on a fully managed basis with considerable scope for further development. The property also has the potential to be redeveloped into an HMO providing the correct planning application and permissions are obtained or a prestigious residential residence. double single and family rooms with access to shower rooms and separate WC. Legal costs: each party will be responsible for their own legal costs with the tenant responsible for the payment of any stamp duty, land tax and registration dues. VAT: Value Added Tax at the prevailing rate will apply (if applicable). Rateable value: the Uniform Business Rate for 2014/15 is currently set at % rates relief may be available to qualifying companies under the Scottish Government s Small Business Bonus Scheme, full details are available on the Scottish Government s website or via the Sole Agent. Accounts will be made available to serious parties only following a formal viewing and NOI. Accommodation ground floor- including main door access, breakfast room/lounge and two letting bedrooms, plus owner s accommodation. Basement level five, letting room s mix of Early viewing recommended Tenure: Freehold Services: gas, electric and water all mains serviced.

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6 APPROXIMATE DIMENSIONS (Taken from the widest point) Living Room 5.93m (19 5 ) x 4.57m (15 ) Kitchen 4.10m (13 5 ) x 2.10m (6 11 ) Master Bedroom 5.47m (17 11 ) x 4.23m (13 11 ) En-Suite m (6 3 ) x 1.04m (3 01 ) Bedroom m (14 11 ) x 3.25m (10 8 ) Bedroom m (13 5 ) x 3.99m (13 1 ) En-Suite m (6 6 ) x 1.17m (3 10 ) Bedroom m (14 2 ) x 2.42m (7 11 ) Bedroom m (14 6 ) x 3.27m (10 9 ) Bedroom m (13 11 ) x 4.04m (13 3 ) Bedroom m (21 4 ) x 3.96m (13 ) Bedroom m (11 6 ) x 3.10m (10 2 ) En-Suite m (5 9 ) x 1.08m (3 6 ) Shower Room 2.86m (9 5 ) x 1.71m (5 7 ) Shower Room 2.08m (6 10 ) x 1.32m (4 4 ) Shower Room 2.30m (7 7 ) x 1.04m (3 5 ) EXTRAS (Included in the sale) Will be discussed following a formal viewing. Crown Copyright License No

7 McEwan Fraser Legal Solicitors & Estate Agents Claremont House, 130 East Claremont Street Edinburgh, EH7 4LB Telephone: Fax: Part Exchange If you are interested in this property and have a property to sell, please call or complete our online form to receive a Part Exchange value on your own property. The copyright for all photographs, floorplans, graphics, written copy and images belongs to McEwan Fraser Legal and use by others or transfer to third parties is forbidden without our express consent in writing. Prospective purchasers are advised to have their interest noted through their solicitor as soon as possible in order that they may be informed in the event of an early closing date being set for the receipt of offers. Disclaimer - These particulars do not form part of any offer and all statements and photographs contained herein are for illustrative purposes and are not guaranteed. Buyers must satisfy themselves for the accuracy and authenticity of the schedule and should always visit the property to satisfy themselves of the property s suitability. The dimensions provided may include, or exclude recesses, intrusions and fitted furniture. Any measurements provided are for guide purposes only. Text and description BILL CORBETT Commercial Director Professional photography MARK BRYCE Photographer Layout graphics and design EAMONN MULLEN Designer