Property Details

16 South Trinity Road
Edinburgh
Edinburgh
, Trinity

£6,000 P.A.

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PropertyDescription

LOCATION
South Trinity Road is located 2 miles north west of the city centre just of Ferry Road (A902). It is situated in the highly desirable Trinity area of the city only a short walk from Goldenacre and the Royal Botanical Gardens.

The area is a mixture of quality residential properties and commercial and is much sought after due to its close proximity to the city centre, the Firth of Forth and the range of local amenities.

Other local retailers include a hair dressing salon, Chiropodist, Yoga Studio, funeral directors and a caf?/bistro, There are public transport links available in the immediate area as well as on street parking near-by the property.

DESCRIPTION
The subjects comprises the ground floor retail unit of a two storey and attic traditional building constructed of stone under a pitched and slate roof. There is a large display window to the front of the property with an entrance door to the left hand side.

Internally, the unit is a basic rectangular in shape which is partitioned to form an efficient Nail, Brow and Treatment Bar. It is currently configured with a front reception with Nail Bar; there are two treatment rooms; a kitchen/ tea preparation area and a WC. The property is finished to a high specification with hardwood style flooring, quality lighting and fittings.

The property is currently benefits from Class 1 (Retail) Usage.

THE BUSINESS
The Nail and Brow bar has been trading for 4 years and is thriving. Based in a predominantly residential area and on a busy road and bus route the clientele is regular and loyal. At present we are advised that the turnover is circa £48,000 per annum however there is potential to develop the business further.

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

Ground floor 39 sq. m. (420 sq. ft.)

RENT
Our clients are seeking a rent of £6,000 per annum.

LEASE TERM
Our clients are seeking a minimum of a 3 year lease on a Full Repairing and Insuring basis.

GOODWILL
Our clients are seeking £15,000 for the goodwill value of the business.

RATEABLE VALUE
According to the Scottish Assessor?s website (www.saa.gov.uk) the subjects have a Rateable Value of £6,600. The uniform business rate for the current year is £0.484 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. 0131 290 2350

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:P383
  • Postal Code: EH5 3NR
  • Status:For Rent
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:420 sq ft
  • Price:£6,000

ExtraInformation

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Bill Adams

Bill Adams

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.