Office for sale - Catchpell House, 4 & 5 Carpet Lane, Edinburgh, EH6 6SS

POA

For Sale

Property information

Status:
Available
Type:
Sale
Tenure:
Freehold
Categories:
Offices
Features:
24-hour access, Bus service, Closed plan, Kitchen area, Office accommodation, On street parking, Toilets
Listed on:
12-08-2019

Commercial

1,417 - 4,471 ft²


Description

OFFICES – FOR SALE

•Attractive opportunity for Owner Occupier/ Office Developer/Pension Purchaser
•Available as a whole or on a floor-by-floor basis
•Partially producing short-term rental income as a business centre
•Close to proposed tram stop on Bernard Street
•Separate metering for electricity and gas supplies
•131.62 sq m (1,417 sq ft) to 415.30 sq m (4,471 sq ft)

LOCATION

The property is situated on Carpet Lane in the popular Shore area of Leith approximately 2.5 miles north-east of Princes Street in Edinburgh city centre.

Carpet Lane is close to the junction of Bernard Street (A199) which is the principal thoroughfare leading to Commercial Street and The Shore.

The immediate area is principally commercial in nature with a wide range of bars, restaurants and cafes within a short walk of the property. Nearby occupiers include Sainsbury Local, Pizza Express, Restaurant Martin Wishart, Denholm Associates and Maritime and Coastguard Agency.

DESCRIPTION

The subjects comprise a category C-listed four storey building with a modern pantiled pitched roof. The available offices are configured over first, second and third floors sitting directly above a single storey branch of Sainsbury’s Local. The fourth floor of the property is held under separate ownership and is in office use but does not form part of the available title.

In its industrial heyday the building was a flour mill and printing works. A number of original features remain throughout the property including iron columns and exposed timber beams.

There are two entries to the property from Carpet Lane. A spiral staircase provides an exclusive right of access to the first-floor offices, whilst a common stairwell is accessed via a separate but adjacent entrance from which all floors are accessible.

The offices within the building are currently in use as a business centre providing accommodation configured predominately as cellular space around open plan reception areas. IT cabling is supplied by perimeter data trunking and there are tea prep areas on each floor. WC facilities area available on the first and third floor and these are mutual to all occupiers.

Free car parking is available in Maritime Square adjacent to Carpet Lane and also in nearby streets. The area also enjoys excellent provisions of public transport with regular bus services to nearby Ocean Terminal and City Centre destinations. This is due to be further enhanced with the proposed Newhaven tram extension and the addition of a stop on Bernard Street (2023).

ACCOMMODATION

Following a recent inspection of the premises we calculate the approximate gross internal areas to be as follows:

First Floor: 141.18 sq m (1,520 sq ft)
Second Floor: 142.50 sq m (1,534 sq ft)
Third Floor: 131.62 sq m (1,417 sq ft)
Total Floors:415.30 sq m(4,471 sq ft)

The common parts of the property are subject to a Deed of Condition a copy of which can be provided to interested parties on request.

TOWN PLANNING

We understand the property is currently suitable for office use.

Interest is invited from parties seeking to continue this use. Offers subject to a change of use will not be considered.

PRICE

Our client’s heritable title is available to purchase on a floor-by-floor basis. Interest for an outright purchase will also be considered.

Please contact the sole selling agent for further details.

VAT

We understand the property has been opted for tax and the purchase price will be subject to VAT. Alternatively, a purchase by way of TOGC will be considered.

RATEABLE VALUE

Due to the current multi-tenanted use each office is listed individually in the Local Assessors Roll. Interested parties are invited to make their own enquiries in this regard via the Scottish Assessors website (www.saa.gov.uk).

Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

UTILITIES

Each floor is separately metered for electricity and gas.

ENERGY PERFORMANCE CERTIFICATE

Available on request.

VIEWING AND FURTHER INFORMATION

By appointment through the sole selling agent, Allied Surveyors Scotland plc.
Iain Mercer 0131 357 4455
Iain.mercer@alliedsurveyorsscotland.com



Disclaimer

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Allied Surveyors Scotland plc. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

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Allied Surveyors Scotland plc
Edinburgh,
EH3 7HR,
GB

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Agent details


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Iain Mercer

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