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13 Ratcliffe Ter
Edinburgh EH9 1SX
Retail Property For Sale · 1,563 SF
Investment Highlights
- Large glazed frontage.
- Located in the Newington District of Edinburgh.
- Great footfall area.
Executive Summary
The subjects comprise, arranged over the ground and basement floors of a traditional four storey & basement stone built mid terraced tenement. The property is situated on the east side of Ratcliffe Terrace within the Newington district of Edinburgh, approximately 2 miles south of the city centre. Ratcliffe Terrace forms a continuation of Causewayside, a prominent vehicular route carrying large volumes of footfall and traffic in & out of the city centre
PROPERTY FACTS
| Unit Size | 733 - 760 SF | Floors | 5 |
| No. Units | 2 | Typical Floor Size | 521 SF |
| Total Building Size | 1,563 SF | Year Built | 1990 |
| Property Type | Retail | Tenancy | Single |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.01 AC |
| Building Class | B |
| Unit Size | 733 - 760 SF |
| No. Units | 2 |
| Total Building Size | 1,563 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 521 SF |
| Year Built | 1990 |
| Tenancy | Single |
| Lot Size | 0.01 AC |
2 Units Available
Unit 13
| Unit Size | 733 SF | Tenure | Freehold |
| Condo Use | Retail | Cap Rate | 7.43% |
| Sale Type | Investment | NOI | $18,109.17 CAD |
| Unit Size | 733 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.43% |
| NOI | $18,109.17 CAD |
Description
Internally, the accommodation has been refurnished to an
exceptional standard and comprises front sales area, back shop
and WC compartment to the rear. The basement is currently
utilised as storage space.
Sale Notes
Offers in excess of £135,000 reflecting a NIY of 7.43%, assuming purchaser's costs of 1.75%.
The property is let on an FRI basis to Bruach Ltd at a rental of £10,200 per annum, with the next review in March 2026. The lease began in March 2023 and expires March 2028. There is a
tenant break option on the third anniversary of the lease giving no less than 6 months written notice.
Internal
Internal
Unit 9
| Unit Size | 760 SF | Tenure | Freehold |
| Condo Use | Retail | Cap Rate | 7.37% |
| Sale Type | Investment | NOI | $18,628.23 CAD |
| Unit Size | 760 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.37% |
| NOI | $18,628.23 CAD |
Description
The configuration comprises an open plan main sales area at
ground level with tea preparation facilities. The lower ground
floor, comprises of ample storage, staff area and WC facilities.
The premises would suit a variety of retail, office or café uses,
subject to planning consents.
Sale Notes
Attractive local retail investment opportunity. Offers over £140,000, Net initial yield of 7.37%,
Internal
Internal
Internal
Amenities
- 24 Hour Access
- Security System
- Storage Space
