The subject premises are located approximately one mile south of Edinburgh city centre, occupying a position on the south east of Home Street close to the junction with Lochrin Place. This is an established inner city district made up of both commercial on the ground floor with residential uses on the upper floors.
Home Street is a busy connecting road to central Edinburgh and the property is located in relative close proximity to the Kings Theatre. Other retailers in this neighbourhood parade of shops comprise a hair salon, William Hill, a general store, a Beauty and Nail bar and an e-cigarette emporium.
Tollcross is a busy thoroughfare with commuters walking and driving to work as well as tourists walking to and from their accommodation. Tollcross is a busy bus hub with routes leading to all parts of the city and Lothians
The subjects comprise a single retail unit which in a parade of similar styled local shops in a predominantly mixed use area. The premises occupy the ground and basement floors of a four storey traditionally built stone property under a pitched and slate roof. There is a good display window at the front of the property.
The ground floor is a regular shaped open plan sales area. The area has a tiled floor and has a suspended ceiling with recessed downlighters.
To the rear there is a stairway leading to the basement where there is located a staff room with a tea preparation area, a WC compartment and a room ideal for storage.
The front area is well fitted and is well laid to the previous 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 previous occupier was as a Greggs the baker outlet.
The subjects benefit from a Class 1 Retail Consent.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 32.33 sq. m. (348 sq.ft.)
Basement 30.47 sq. m. (328 sq.ft.)
Our clients are seeking a rent of £12,000 per annum.
The property is being offered to lease on a Full, Repairing and Insuring basis with a lease term to be agreed.
According to the Scottish Assessor?s website (www.saa.gov.uk) the property has a Rateable Value of £7,400. 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 current.
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.