The property is located on Comely Bank Road approximately 1.5 miles north-west of Edinburgh City Centre. It enjoys a highly visible corner site with frontage onto the corner of Learmonth Grove and is only a few minutes walk from a Waitrose supermarket.
The adjacent district of Stockbridge is, like Comely Bank, a highly desirable area for living. A wide range of retailers but also commercial occupiers have been attracted by the high levels of passing trade. In close proximity to the property include a mix of retailers and professional users including a Post Office, cafes, hair dressers, physiotherapy clinic and a bank branch. Flora Stevenson Primary School and Broughton High School are also nearby.
Car parking in the area is restricted to meters and permit holders but there are regular bus services available from Comely Bank Road.
The subjects, a former Bank of Scotland branch, comprise a bright, office unit forming the ground floor of a three-storey building. It benefits from its own dedicated entrance and has traditional features including cornices, ceiling roses and astragal doors. The offices are bright due to the corner aspect, well specified and are in move in condition.
Laid out over two different levels the office is compartmentalized to form a large reception area, two private offices and a board room. To the rear a corridor leads to storage, a gents and ladies WC and a tea preparation area. All offices and the corridor lead off the reception area. At present the occupiers are a firm of Chartered Accountants who are due to relocate at the end of June 2017.
According to our recent measurement survey the premises contain the following approximate net internal area:
76.8 sq. m. (827 sq. ft.)
The subjects are offered on the basis of a minimum 5 year Full Repairing and Insuring lease. Consideration will be given to longer-term interests depending upon specific occupier requirements.
Our client is seeking £15,000 per annum
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £7,500. The proposed Rateable Value effective from 1st April 2017 is £10,200. 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.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is B.
A copy of the recommendation report is available on request.
The property is served by mains electricity, gas and water.
Upon completion of a formal missive under Scots Law.
Each party is responsible for their own legal costs but the ingoing tenant will be liable for any Registration Dues and LBTT relating to this transaction.
Strictly by appointment via the sole letting agents.