The retail unit is located on South Clerk Street, which is in the popular Newington area of Edinburgh, just a mile or so south of the city centre. South Clerk Street forms part of the main arterial road into Edinburgh from the south leading onto the Bridges and subsequently Princes Street. The surrounding area is densely populated with a large student population due to its easy access to the various Edinburgh University campuses. The premises are located adjacent to a pelican crossing and busy bus stops.
The property is situated in a parade of similar styled retail units with three storeys of residential properties located above. Other retailers close by include Sainsbury’s, the Co-op, a wide selection of local artisan retailers, delicatessens, bars, restaurants, cafes and services.
The subjects comprise a Class 1 unit configured over ground floor forming part of a traditional Edinburgh tenement under a pitched slate roof. Externally, the premises is well presented and tastefully decorated with a large display window. Internally, the ground floor comprises a regular shaped deep sales area leading to a tea preparation area, storage and WC area.
The basement area is accessed from the adjacent common stair due to licensing regulations however the basement can be accessed from the sales area depending on usage.
The premises have been utilised as a licensed grocer for the past 20+ years but has a flexible layout to suit a range of occupiers. The premises will be leased with vacant possession.
According to our recent measurement survey the premises contain the following approximate net internal area:
76.45 SQ M (844 SQ FT)
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £9,900. The uniform business rate for the current year is 46.6 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
Our client is seeking an asking rent of £13,000 per annum exclusive.
The premises are available on the basis of a new full repairing and insuring (FRI) lease over a 5 year term.
The property has mains water, gas and electricity.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is pending.
A copy of the EPC and recommendation report can be provided upon request.
Entry will be 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 selling agents, IME Property.
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.