Property Details

5 Ravenscroft Street
Edinburgh
Edinburgh
, Gilmerton

£9,000 P.A.

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PropertyDescription

LOCATION

The subjects are located in the Gilmerton area of Edinburgh approximately 5 miles south-east of the city centre. Specifically the property is accessed via Grundie?s Well Road which is just off Ravenscroft Street.
The Sheriffhall and Lasswade junctions of the A720 Edinburgh City Bypass are easily accessible and only 2 miles from here. The immediate area is residential with a mix of commercial units on nearby Drum Street, including Domino?s Pizza, Lidl and Iceland.
Car parking is available with the subjects but the area is also well served by public transport connections.

DESCRIPTION

The subjects comprise a series of single storey buildings under a pitched and slate roof and steel portal framed buildings situated around a private courtyard setting.
The available accommodation comprises of two former workshops which have been extensively refurbished into offices. The space has been completed to a good standard with a painted finish, electrical sockets and modern lighting. The accommodation benefits from a central core area comprising a tea-prep and WCs. The units could be let as a whole or separately as they benefit from their own dedicated entrance doors.
The lock-ups would benefit the occupiers of the office space or, alternatively, could be let out separately.

ACCOMMODATION

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

67sqm (721 sq ft)
Office 1: 21 sq m (226 sq ft)
Office 2: 37 sq m (398 sq ft)

Lock-ups: 23 sq m (248 sq ft) each

RENT

Office 1: £6,000 per annum
Office 2: £9,000 per annum

Lock-up: £3,000 per annum

If let to a single occupier the landlord will consider an appropriate rent.

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 £7,412. The uniform business rate for the current year is £0.46 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.

UTILITIES

We understand the property is served by mains water and electricity.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is pending.

A copy of the recommendation report is available on request.

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.

VIEWING AND FURTHER INFORMATION

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

PropertyOverview

  • Property ID:P371
  • Postal Code: EH17 8QJ
  • Status:For Rent
  • Type: commercial
  • Class:2 (Office)
  • Property Size:721 sq ft
  • Price:£9,000

ExtraInformation

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If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.