***EXCELLENT INVESTMENT OPPORTUNITY*** One Half pro indiviso share in a common yard Pend and Parking Area Located in the Popular Shore area of Edinburgh. Parking Area with 22 Spaces plus Pend 33 sq.m
- Pend 33 sq.m (39 sq.yds) approx. Parking 600 sq.m (717 sq.yds) approx. A Car parking Space can be let to for £75- £100 pcm. Potential of a rental yield of greater than 20% if achieved for Guide Price.
- Seldom available parking area at an exclusive development of Constitution Street, The Shore, Edinburgh
- Ideal for owner occupiers in the locale vicinity. Estimated rental Potential: £1,200 per space per annum. Rare Opportunity for investment. Vendor Instructed to Sell
- Property is Situated in the unique locale of Edinburgh's shore area. There are an enviable selection of bars and restaurants in the vicinity, and the area is easily accessed either by car or by public transport. The Scottish Executive is now established in the dock area, as is the former Royal Yacht Britannia.
Description:***EXCELLENT INVESTMENT OPPORTUNITY*** Pend and Parking Area Located in the Popular Shore area of Edinburgh. 50% Pro- indivisio Ownership Share of Parking Area with 22 Spaces plus Pend 33 sq.m There are two parts to this property: The pend, is an area under Pillars House, which is a B Listed building. Vehicular traffic can no longer go through it to the parking area, as the area to the rear has been raised and steps have also been created. Subject researching all necessary consents and gainging permissions, it may be possible to use this for various uses. The parking area is a tarmaced car park which has 22 spaces, all of which are easily accessible without any requirement to move any other vehicles to access the spaces. Parking spaces are currently being used and some have signs pertaining to show they are for the use of certain people or properties. There is the opportunity to gain value by negotiating with other pro-indivsio owners of the spaces over the sale of the rest of the ownership. Ideal for owner occupiers in the locale vicinity. Estimated rental Potential: £1,200 per space per annum. Rare Opportunity for investment. Vendor Instructed to Sell.
The Scottish Executive is now established in the dock area, as is the former Royal Yacht Britannia. New developments include the exciting Ocean Terminal, designed by Terence Conran, which provides exclusive shopping facilities along with shipping links to the world by sea. Local amenities are only moments walk and there is a Tesco superstore and 24 hour Asda within 5 minutes drive
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Ownership & Occupation:
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.
Bid Now Explained:
You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Internal Open Viewings:
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime:
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
Offer Now:You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person:Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live:
If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Bid by Proxy: (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
12 September 2018
Edinburgh Marriott Hotel
111 Glasgow Road, EH12 8NF