Brougham Place is situated in Edinburgh city centre approximately 1 mile south of Princes Street. It is effectively a continuation of Melville Drive which runs through one of the city’s favourite recreational areas: ‘The Meadows’.
The subject property occupies the corner of Brougham Place and Tarvit Street which interconnects with Leven Street and the Tollcross district. There is plenty of passing traffic coming into and out of town and public transport connections are also available.
The immediate area predominately comprises of residential tenements but there are a number of bars, restaurants and shops nearby to the property.
The subjects comprise a prominent corner shop unit forming the ground and basement of a traditional Edinburgh tenement.
Internally, the unit is split into two areas providing generous retail space which would suit a variety of occupiers. The steps leading to the basement are located off a small storage area to the rear of the ground floor.
There is a WC in the basement which provide good storage space to support a retail operation.
According to our recent measurement survey the premises contain the following approximate net internal area:
83 sq m (893 sq ft)
Our client is seeking rental offers of £22,000 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.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £13,900 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.