The subject premises are located in Buckstone Terrace at the junction with Braid Road. Buckstone Terrace forms part of the A702, Edinburgh to Biggar road, which includes Pentland Terrace and Comiston Road which leads into the heart of Morningside which is over 1 mile away. The premise is located in a prime residential area comprising Braid, Buckstone, and Fairmilehead on a main road into Edinburgh from the south. There is excellent public transport links serving the city centre with a bus stop located 50 meters from the premise.
The subjects comprise a single retail unit which was a former Post Office in a parade of similar styled local shops in a predominantly residential area. The premises occupy the ground and lower ground floor. Internally, the unit is well fitted and with a high specification. The ground floor is a regular shaped open plan sales area with a large display window to the front. A staircase leads to the lower level where there is an open plan office, tea preparation area, storage and a WC compartment. Light is provided along the rear elevation by 3 windows with a door giving access to the rear.
The front area is well fitted and is well laid to suit our clients? needs but there is flexibility in the layout to create something unique to match the new occupier?s imagination. This offers an outstanding opportunity to further develop a business in a great location. The sales area is flexible which could be used for a plethora of uses such retail space, art/ photo gallery; craft shop, a clinic or other ancillary uses.
The subjects benefit from a Class 1 Retail Consent. The unit was formerly the Buckstone Post Office. Other retailers in this neighbourhood parade of shops comprise a bathroom/tile shop, a hairdressing salon, a bakery, a CTN, a Solicitors office with Majestic Wines 50 meters to the south.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 39.26 sq. m. (422 sq. ft.)
Lower Ground Floor 36.79 sq. m. (396 sq. ft.)
The property is being offered on a leasehold basis with a lease term of 5 years on a Full, Repairing and Insuring basis at the rent of £11,250 per annum.
According to the Scottish Assessor?s website (www.saa.gov.uk) the property has a Rateable Value of £9,600. 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.
The properties are 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 in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, IME Property Ltd.