Blair Street is centrally located in Edinburgh’s Old Town and connects the Cowgate area with the Royal Mile. The subject property is situated on the west side of the street directly adjacent to The City Café and nearby to one of the Old Town’s most recognizable landmarks, the Tron Kirk.
It is in close proximity to Waverley station, easily accessed by the North Bridge or Cockburn Street, whilst the city’s principle retailers on Princes Street and George Street are only a short distance away. Nearby occupiers to the subjects include Starbucks, Pizza Express, Byron and various recognized hotel chains including Ibis and Hilton.
There are numerous public transport connections available from the North and South Bridges whilst the nearest tram stop is at St Andrew Square approximately 15 minute-walk from the premises.
The subjects comprise a triple windowed traditional office suite forming the ground floor of a seven-story tenement building. The available accommodation has become surplus to requirements to the principle occupiers ECRM Euro Limited. It benefits from its own dedicated entrance off Blair Street but access can also be made from the car park at the rear of the building.
The open plan office suite has three windows to the front and two windows to the rear, which along with the generous floor to ceiling height floods the space with real light. Wall mounted halogen uplighters and ceiling down lighters provide the lighting whilst the flooring is a dark wood laminate. The WC and tea prep facilities are shared with the other occupiers in the building.
The specification on offer to occupiers includes:
• CAT 6 cabling (IT and phone configuration can be provided on separate quotation)
• Fully furnished
• Private entrance
• Intruder alarm
• Gas central heating
According to our recent measurement survey the premises contain the following approximate net internal area:
85 sq m (915 sq ft)
The subjects are available on a full repairing and insuring (FRI) basis for a term to be negotiated.
Our client is seeking £26,000 per annum for the leasehold interest.
Or conversely a rent of £29,500 inclusive of all utilities and non domestic rates.
There are 3 car parking spaces to the rear of the property which are included within the rental. Depending on configuration additional cars could be accommodated.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £19,800. The proposed Rateable Value effective from 1st April 2017 is £26,100. 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.
The property is served by mains gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is D+
A copy of the recommendation report is available on request.
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.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.