Property Details

242 Gorgie Road
Edinburgh
Edinburgh
, Gorgie

£8,500 P.A.

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PropertyDescription

LOCATION

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 in a continuous parade of retail units, the subjects are situated between Wheatfield Street and Smithfield Street. There is a wide range of commercial occupiers in the area including hairdressers, bookmakers, hot food takeaways and offices. Tynecastle Stadium, home to Heart of Midlothian FC, 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.

DESCRIPTION

The subjects form the ground floor of a four-storey tenement building comprising residential units on the upper floors. The property benefits from a large single shop frontage and has a recessed entrance door.

Internally, the premises has a distinct front and back shop with a small internal recess towards the rear and a separate WC area. It has been sheeted throughout with taped and lined plasterboard ready for decoration. There is a new fire alarm system and the lighting is fluorescent strip fittings served by new cable trays.

There is no basement with the property but storage could be created in the area adjacent to the WC.

ACCOMMODATION

According to our recent measurement survey the subject comprise the following approximate net internal area:

39 sq m (420 sq ft)

RENT

Our client is seeking £8,500 per annum exclusive to grant a new lease.

LEASE TERMS

The subjects are made available on the basis of a new full repairing and insuring (FRI) lease for a term to be negotiated.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,800 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.

UTILITIES

The property has supplies of mains water and electricity.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate is pending.

LEGAL COSTS

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.

ENTRY

On completion of legal formalities.

VIEWING AND FURTHER INFORMATION

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

PropertyOverview

  • Property ID:P370
  • Postal Code: EH11 2PL
  • Status:For Rent
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:468 sq ft
  • Price:£8,500

ExtraInformation

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