No 96, New Silvermills Car Park, NW Cumberland Street North West Lane, Edinburgh, EH3
£326.09 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
138 sq ft
13 sq m
- SECTOR
Commercial property for sale
Key features
- Single car parking space set within a purpose-built car park
- Benefits from an EV charging point
- Situated just off St Vincent Street and Dundas Street
- Only a short distance from George Street and Princes Street
- 12.86 sq m (138.43 sq ft)
Description
North West Cumberland Street Lane is located in Edinburgh's world renowned New Town, only a short distance north of George Street and Princes Street.
New Silvermills Car Park is situated beneath a large residential development. The street is bordered by St Vincent Street to the west and Dundas Street to the east making it easily accessible for cars and pedestrians.
The affluent district of Stockbridge with its mix of independent shops and boutiques is only a short walk away.
Public transport is readily available in the immediate area.
DESCRIPTION
The subjects comprise a single car parking space set within a modern and purpose-built, secure underground car park of solid concrete construction.
The car park benefits from an automatic roller shutter access point and an EV charging point.
ACCOMMODATION
According to our recent measurement survey the car space dimensions are 4.89m x 2.63m equating to the following area:
12.86 sq m (138.43 sq ft)
The space can accommodate a standard vehicle, estate, SUV or similar. Other spaces in the car park have installed a double-deck structure to store two cars.
PRICE
Our client is seeking offers over £45,000 to dispose of their single share. No VAT is applicable.
TERMS
The sale will comprise the transfer of a single share with no legal contract necessary.
We are also selling space 97 for a separate vendor and details can be provided on request.
ANNUAL LEVY
We are advised VAT will not be applicable to the purchase price.
RATEABLE VALUE
According to the Scottish Assessor's website ( the subjects have a Rateable Value of £2,100 effective 1st April 2023. The uniform business rate for the current year is £0.498 pence in the pound.
ANTI-MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By contacting the sole selling agent:
Iain W. Mercer BA, AssocRICS
Director of Commercial Agency (East)
/
Iain.
Bernadetta Majewska BSc (Hons) MRICS
Commercial Surveyor
/
Bernadetta.
Brochures
No 96, New Silvermills Car Park, NW Cumberland Street North West Lane, Edinburgh, EH3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Edinburgh Waverley Station0.6 miles
- Haymarket Station1.1 miles
- Slateford Station2.7 miles
About ALLIED SURVEYORS SCOTLAND, Edinburgh
2 West Maitland Street, EH12 5DS
Allied Surveyors Scotland?s Edinburgh commercial agency office provides a full range of agency services including lettings, sales and property acquisitions across retail, office, industrial and investment opportunities. We embrace all forms of digital and traditional marketing methods to achieve great results for our clients. In addition, we provide commercial valuations both for private clients and Red Book reports for commercial lending purposes.
Notes
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