Property highlight: Excellent development opportunity - 3 bedroom 2nd floor flat
An excellent development opportunity
A rarely available and expansive 2nd floor property, extending to 1991 square feet, located in Edinburgh's West End. The property has recently been utilised by an office space but offers considerable potential to convert to residential accommodation. Planning permission has been granted for change of use - 18/01756/FUL. City of Edinburgh Council have also confirmed that Listed Building Consent is not required for the conversion, as set out in submitted plans.
As the property is currently a commercial property with planning consent for change of use back to residential and the current owners have waived their exemption to charge VAT on the property, VAT at 20% is payable on the price but the VAT should be recoverable by any VAT registered business. Purchasers should seek their own tax advice on this matter
image credit - Bergmark Architects Ltd.
The West End is close to many of the capital's finest shops and restaurants as well as its commercial and retail core in George Street and Princes Street. The cosmopolitan district of Stockbridge is only a short walk away offering a superb choice of speciality shops, food stores, fashionable bars, quaint coffee shops, delis and boutiques. There is easy access to the Water of Leith Walkway and cycle path, whilst the open spaces of the Royal Botanic Gardens and Inverleith Park are also within walking distance. Haymarket rail station and tram stop is close by and regular public transport provides swift access in and around the city. By car main roads connect quickly to the city bypass, Edinburgh International Airport, the Queensferry Crossing and central motorway network.