Property Details

70 Morningside Road
Edinburgh
Edinburgh
, Morningside

£15,000 P.A.

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PropertyDescription

LOCATION

The subjects form the prominent ground floor retail unit in a busy location at the junction of Morningside Road and Church Hill Place. Morningside Road, the A702, is one of the busiest thoroughfares in to and out of Edinburgh and is also a very busy shopping location. Church Hill is approximately 1.5 miles south from Edinburgh City Centre which leads into Morningside, Grange and Fairmilehead areas of Edinburgh.

The unit is located by the traffic lights at Church Hill Place and there is a bus stop leading into town within 20 meters of the premise. Other occupiers close by include Arden Property Management, a flower shop, wedding dress shop, a tailors, computer shop, Solicitors, Sharps furniture, Dental Clinic as well as the Church Hill Theatre and a number of restaurants.

The area is predominantly mixed use with retail, office and licensed property on the ground floor with residential properties above.

DESCRIPTION

The subjects comprise the ground floor retail unit of a three storey and attic traditional building constructed of stone under a slate and flat roof. There is a large display window to the front of the property with a recessed entrance door.

Internally, the unit is regular in shape with a front sales area with a split level leading to two further sales areas. There is a tea preparation area as well as a separate WC and further storage to the rear. The rear sales area has a window and the storage area has a window.

The unit is well presented and is fitted out a good standard. The unit has a flexible layout and would be suitable for a number of retailers.

The property is currently Class 1. The existing occupier runs an oriental food retailing business.

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate net internal area:

63.39 sq. m. (683 sq. ft.)

LEASE

The subjects are available on a leasehold basis by way of an assignation. There is 19 years out 20 years remaining on the lease at the passing rent of £15,000.

GOODWILL

Our client is seeking offers around £10,000 for the goodwill of the property.

RATEABLE VALUE

According to the Scottish Assessor?s website (www.saa.gov.uk) the subjects have a Rateable Value of £10.100. The uniform business rate for the current year is £0.466 pence in the pound.

Occupiers may be eligible for 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.

UTILTIES

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.

VIEWING AND FURTHER INFORMATION

By appointment through the sole letting agent, IME Property Ltd.

LEGAL COSTS

Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.

ENTRY

Upon completion of a formal missive under Scots Law.

PropertyOverview

  • Property ID:P369
  • Postal Code: EH10 4BZ
  • Status:For Rent
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:683 sq ft
  • Price:£15,000

ExtraInformation

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