Lochrin Buildings is situated on Gilmore Place which is a busy thoroughfare leading to the Tollcross area of Edinburgh. It lies approximately 1 mile south west of the city centre and is also close to the affluent residential areas of Bruntsfield and Morningside.
The unit forms part of a parade of shops alongside a range of independent retailers including Edinburgh Orthodontics, Pins & Needles and myBearpaw. There are several popular restaurants close by, too, and The Kings Theatre is also easily accessible from this location.
The area is well served by public transport with regular bus services offering city-wide destinations. Meanwhile, for commuters, Waverley Station and the recently refurbished Haymarket Station are approximately 1.5 and 1.3 miles away respectively.
The subject property forms the ground and basement level of a traditional Edinburgh tenement building beneath a pitched slated roof.
The internal layout is open plan and well proportioned with a suspended ceiling and LED lighting modules. There is a trap door with steps leading down to a basement of comparable size to the ground floor. There is also WC and storage facilities.
Externally, the property is well presented and benefits from an automatic roller shutter for security.
According to our recent measurement survey the subjects comprise the following approximate net internal area:
50 SQ M (538 SQ FT)
Our client is looking for offers around £10,000 per annum for the leasehold interest.
A minimum term of 5 years is sought on full repairing and insuring (FRI) terms.
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £7,700. The uniform business rate for the current year is £0.48 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.
The property has mains water and electricity.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is pending
A copy of the EPC and recommendation report can be provided upon request.
By agreement on completion of a formal missive under Scots Law.
Each party will bear their own legal costs. The ingoing tenant will be responsible any LBTT due on the lease.