* Single car parking space set within a purpose - built car park
* Benefits from an ev charging point
* Situated just off St Vincent Street and Dundas Street
* Only a short distance from George Street and Princes Street
* 14. 57 sq m (156. 86 sq ft)
**Location
**
North West Cumberland Street Lane is located in Edinburgh’s world renowned New
Town, only a short distance north of George Street and Princes Street.
New Silvermills Car Park is situated beneath a large residential development.
The street is bordered by St Vincent Street to the west and Dundas Street to
the east making it easily accessible for cars and pedestrians.
The affluent district of Stockbridge with its mix of independent shops and
boutiques is only a short walk away.
Public transport is readily available in the immediate area.
**Description
**
The subjects comprise a single car parking space set within a modern and
purpose - built, secure underground car park of solid concrete construction.
The car park benefits from an automatic roller shutter access point and an ev
charging point.
**Accommodation
**
According to our recent measurement survey the premises contain the following
approximate gross internal area:
14. 57 sq m (156. 86 sq ft)
The space is capable of accommodating a standard vehicle, estate, suv or
similar.
**Price
**
Our client is seeking offers over £50, 000 to dispose of their single share. No
VAT is applicable.
**Terms
**
The sale will comprise the transfer of a single share with no legal contract
necessary.
**Annual levy
**
We are advised VAT will not be applicable to the purchase price.
**Rateable value
**
According to the Scottish Assessor’s website () the subjects have a Rateable
Value of £2, 100 effective 1st April 2023. The uniform business rate for the
current year is £0. 498 pence in the pound.
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.
**Anti - money laundering
**
The Money Laundering, Terrorist Financing and Transfer of Funds (Information
on the Payer) Regulations 2017 came into force on 26th June 2017. This now
requires us to conduct due dilligence not only on our client but also on any
purchasers or occupiers. Once an offer has been accepted, the prospective
purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity
and residence and proof of funds for the purchase, before any transaction can
proceed.
**Entry
**
Upon completion of a formal missive under Scots Law.
**Viewing and further information
**
By contacting the sole selling agent:
Iain W. Mercer ba, AssocRICS
Director of Commercial Agency (East /
Bernadetta Majewska BSc (Hons)
Graduate Commercial Surveyor /

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