Property Details

2 High Street
Midlothian, Loanhead

£8,400 P.A.

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PropertyDescription

LOCATION

Loanhead is a popular town in Midlothian which is approximately 7 miles south of Edinburgh City Centre. It benefits from close proximity to the (A720) Edinburgh City Bypass and is one of a cluster of towns in the area including Bilston, Bonnyrigg and Dalkeith.

A former mining town this thriving community is served by a range of local shops including a bank, a pharmacy, supermarket, post office and several cafes all situated along Clerk Street and the High Street. A wider provision of retail facilities, meanwhile, is provided for at nearby Straiton Retail Park.

Whilst the town is highly accessible by car it is also well served by public transport with regular bus services operating to Edinburgh and surrounding districts.

DESCRIPTION

The subject property comprises the ground floor of a stone building which has a residential flat at first floor.

This bright and smartly decorated unit has a central reception/retail area with four private treatment rooms located around it. There is a WC to the rear.

Whilst the subjects are currently set up as a beauty/tanning salon it would lend itself to other uses.

Parking is widely available outside and on the surrounding streets.

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate net internal area:

40 sq m (430 sq ft)

LEASE

The subjects are offered on the basis of a new lease on full repairing and insuring (FRI) terms for a term to be agreed.

RENTAL

Our client is seeking £8,400 per annum (£700pcm) for the leasehold interest in the property.

Alternatively, our client may consider selling the heritable title in the property.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £4,200. The uniform business rate for the current year is £0.484 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.

UTILITIES

The property is served by mains electricity and water.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is G.

A copy of the recommendation report is available on request.

VIEWING AND FURTHER INFORMATION

By appointment through the sole letting agent, IME Property Ltd.

LEGAL COSTS

Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.

ENTRY

Upon completion of a formal missive under Scots Law.

PropertyOverview

  • Property ID:P253
  • Postal Code: EH20 9RA
  • Status:For Rent, May Sell
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:430 sq ft
  • Price:£8,400

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John

If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.

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