The subject property is situated on Dalry Road (A70) close to the corner of Richmond Terrace approximately 1 mile west of Princes Street. The Dalry area of Edinburgh is adjacent to the ever-improving Haymarket district and is within comfortable walking distance of Haymarket Station.
The unit sits on the south side of Dalry Road on the corner of Dalry Place and is surrounded by a mix of residential tenements, retailers, restaurants, cafes and bars. The amount of passing traffic and trade make this a popular commercial destination.
Public transport links are very good with regular bus routes stopping close to the property whilst the tram stop at Haymarket Station is only a few minutes walk away.
The subject comprises a single shop unit forming part of a terrace of similar commercial units with stone built residential properties to the rear. The current occupier, Appellation Wines, will be vacating at the end of August.
According to our recent measurement survey the premises contain the following approximate net internal area:
52 sq m (559 sq ft)
Our client is seeking £11,000 per annum exclusive to grant a new lease.
The subjects are made available on the basis of a new full repairing and insuring (FRI) lease for a minimum 5 year lease term.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £8,100 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 pending.
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.