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Claremont House, 130 East Claremont Street, Edinburgh
£175,000 OIRO
McEwan Fraser Legal are delighted to be able to present to the market the unique opportunity to acquire The Square located across two locations, one in North St Andrews Street, with the other nestled in Dublin Street in the East End of the city centre. They are presented as a joint opportunity and are not available to purchase separately.These well-established sandwich shops have been in business for a number of years and have gained a reputable customer base during this time. This has happened due to the fantastic location in the heart of the financial sector in Edinburgh providing daily footfall from professionals, tourists and shoppers alike. The Square: 7 Dublin Street, Edinburgh, EH1 3PGDublin Street has a seating area for the busy professionals or for tourist who is out for a spot of lunch. You can also find a large drinks display refrigerator along with a glass counter providing a divide between customer and staff. The large well-equipped kitchen in Dublin Street gives the new business owner an opportunity for outside catering. With the financial sector to on your doorstep, it could allow you to expand your customer base even further perhaps to the local offices. The Square: 17 North St Andrew Street, Edinburgh, EH2 1HJNorth St Andrew Street benefits from a much larger shop front with seating for around twelve customers and during the summer months you can obtain a licence to apply for outdoor seating for both sandwich shops. It also has a much larger display refrigerator and glass counter in place. The kitchen in North St Andrew Street is smaller than Dublin Street, however, you do have the worktops behind the counter on the shop floor for preparation if required. These fantastic sandwich shops have been set up to allow the new occupier to hit the ground running with all the amenities and reputable history in place. Presented as a Leasehold turnkey operation for the new owner, complete with a full compliment of staff, trading history, and full accounts. Tenure - Leasehold.
By appointment through McEwan Fraser Legal on 0131 524 9797
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
Extras (Included in the sale): Discussed at formal offer.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Claremont House, 130 East Claremont Street, Edinburgh
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