The Sighthill area of Edinburgh is situated approximately 2 miles south west of the city centre. It is accessed from a number of routes but primarily via the A71 Calder Road, which is directly to the north of the property and leads to the A720 Edinburgh City Bypass/M8. Sighthill Shopping Centre itself is situated at the junction of Sighthill Loan and Sighthill View.
The surrounding area is predominately residential in nature but there are a number of commercial occupiers nearby including several hot food takeaways, a convenience store and public house. One of Edinburgh Napier University’s main campuses is directly opposite on Sighthill Court.
There is a small car park providing free parking for customers together with parking on surrounding streets. The area is also served by a number of regular bus routes.
The subjects are currently occupied by a branch of Lloyds TSB plc which is due for closure in June. The unit is single storey and of brick construction under a flat bitumen felt roof. There is a covered pedestrian walkway directly outside the property.
Internally the premises are consistent with a bank branch and consist of a public counter with an open plan rear main office and two private offices/meeting rooms. The staff facilities include a kitchen area with a utility room and WCs.
According to our recent measurement survey the premises contain the following approximate net internal area:
152 sq m (1,639 sq ft)
The subjects are offered on the basis of a new lease on full repairing and insuring (FRI) terms for a period to be agreed.
Our client is seeking offers over £18,000 per annum for the leasehold interest in the property.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £16,100. The proposed Rateable Value effective from 1st April 2017 is £17,000. 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 electricity, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is G .
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.