The subjects are situated on Magdalene Drive in the Duddingston area of Edinburgh approximately 5 miles south-east of the city centre. Magdalene Drive can be accessed off Milton Road West and due to its close proximity to the A1 trunk road, is easily accessible from all areas.
The area in general is a densely populated residential district and is located only a short distance from the new campus of Portobello High School. Commercial occupiers are nearby however with an ASDA supermarket at The Jewel with and a wider range of shops at Fort Kinnaird Shopping Centre.
Car parking is widely available outside the subjects with public transport available from Duddingston Crescent.
The subjects comprise single storey shop premises forming part of a larger parade of neighbourhood shops.
The unit is a regular shape with a large front shop area benefitting from extensive areas of glass to provide plenty of natural light and display space.
The back shop comprises excellent storage space with a separate staff office. There is also a WC and tea prep.
According to our recent measurement survey the premises contain the following approximate net internal area:
106.08 sq m (1,142 sq ft)
Our client is seeking rental offers of £10,500 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.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £12,900 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, on 0131 290 2350.