The subjects are located in Clerk Road in the popular Midlothian town of Penicuik which lies approximately 10 miles south of Edinburgh city centre. The unit forms part of a neighbourhood parade of shops/ offices/fitness premises occupying a prominent position at the north side of Clerk Road.
When driving into Penicuik on the Edinburgh Road (A701) take the right hand fork onto Carlops Road (A766) before turning right into Rullion Road. Clerk Road is third on the right and the subjects are located 400 meters further down on the left hand side.
The subjects are located in a predominantly residential area with Cornbank St James Primary School located a 2 minute walk away. There is good footfall to the units and there is ample free car parking. The Penicuik area is served well by local transport with regular buses from Edinburgh city centre and the Borders.
The subjects form part of a terrace of single storey similar styled properties beneath a flat roof. The frontage is tastefully presented with large display windows as well as a glazed entrance door. The subjects are in move-in condition. Neighbouring occupiers comprise a yoga/fitness studio, fitness academy and a haberdashery.
The unit is laid out as a compartmentalized office. The present configuration offers an entrance porch leading into a large office with all other offices and staff facilities located off the main office. The main office is regular in shape with three windows. A further office is located to the front with a window. To the rear there is a private office/storage area which has a window blocked off and a door leading to the rear. There is also a tea preparation area and WC.
Internally, the unit is bright with ceiling lights, papered walls and thick carpet on the floors. There is quality lighting in the offices and an abundance of electrical and IT cabling to suit a variety of occupiers. There are security shutters to the front and over the rear door.
According to our recent measurement survey the premises contain the following approximate net internal area:
64 sq. m (689 sq. ft.)
Our client is seeking £6,500 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 disposing of their heritable interests in the property. Our clients are seeking offers over £67,000.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £2,450 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.
Each party shall bear their own legal costs with the eventual tenant/purchaser 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.