William Street is an extension of Alva Street in Edinburgh’s popular West End area and is bordered by Melville Street to the north and Coates Crescent to the south.
The subjects are situated in the middle of William Street between Stafford Street and . It is one of a number of shops, cafes, bars and boutique style shops occupying this peaceful cobbled street.
Retailers in the area benefit from footfall provided by the surrounding offices and residential properties. Public transport connections, meanwhile, are plentiful with the Shandwick Place tram stop and Haymarket Station only moments away.
The subjects comprise a single shop unit which, until recently, traded as a café. It is configured over ground floor and forms part of a terrace of similar commercial units on what is a popular .
Internally, the premises benefits from dual aspect and is flooded with natural daylight as a result. Set up as a café it is capable of taking approximately 20 covers but could also easily lend itself to a retail environment.
WC facilities are located to the rear of the premises.
According to our recent measurement survey the premises contain the following approximate net internal areas:
44 sq m (474 sq ft)
Our client is seeking rental offers of £12,500 per annum plus VAT to grant a new lease.
The subjects are made available on the basis of a new full repairing and insuring (FRI) lease for a term to be negotiated.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £12,300 effective 1st April 2017. The uniform business rate for the current year is 46.6 pence in the pound.
Occupiers may be eligible for 100% 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 and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is F.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.