Gorgie Road is a mixed residential/commercial area situated approximately 2 miles west of Edinburgh city centre. It is a direct extension of Dalry Road which leads to the West End and Haymarket district.
Situated on the north side of the street the subjects occupy a prominent position at the corner of Wheatfield Street. There is a wide range of commercial occupiers nearby including hairdressers, bookmakers, hot food takeaways and offices. Tynecastle Stadium is only a short distance from the property.
There are excellent public transport links to the city centre and all other areas of Edinburgh from this location.
The subjects comprise a corner shop unit situated at ground floor level of a substantial tenement building. The unit enjoys large window frontage onto Gorgie Road and this could be developed further by reopening a window on the Wheatfield Street frontage. The unit is generally in excellent decorative condition throughout.
The high ceilings (3.4m floor to ceiling) is an attractive feature along with the cornice which runs around the premises. The front shop main retail space at the entrance to the shop leads through to a further sales area to the rear which may also be suitable for storage/back shop functions. There is no basement but there is a staff WC.
In addition, the landlord has entered into a 5-year agreement with Cardtronics UK Limited to have an ATM machine installed and operated in the front of the premises. This is expect to be installed by October.
According to our recent measurement survey the subject comprise the following approximate net internal area:
44.04 sq m (474 sq ft)
Our client is seeking £9,000 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 term to be negotiated.
Alternatively, our client will consider offers for their heritable interest in the subjects.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £6,400 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 has supplies of mains water and electricity.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate is G.
Each party will be responsible for their own legal costs incurred in the preparation, negotiation and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.
On completion of legal formalities.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.