The subject premises are located in Lanark Road at the junction with Baberton Avenue. Lanark Road forms part of the A70, Edinburgh to Lanark road, which leads into the heart of Currie which is over 1 mile away. The premise is located in a prime residential area where there are a range of local businesses and amenities to service the local residents. 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 in a parade of similar styled local shops in a predominantly residential area. The premises occupy the ground floor of a two storey end terraced traditional two stone built property under a pitched and slate roof. There are two good display windows at the front of the property with a centrally located entrance door.
Internally, the unit is well fitted and with a high specification. The ground floor is a regular shaped open plan sales area. To the rear there is a tea preparation area, storage and a WC compartment.
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. Other retailers in this neighbourhood parade of shops comprise a Royal Bank of Scotland, a barbers shop, a bookie and the Juniper Green Inn.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 34.82 sq. m. (375sq. ft.)
Our clients are seeking a rent of £7,200 per annum.
The property is being offered for assignation on a leasehold Full, Repairing and Insuring basis with just over 3 years remaining on the lease. Alternatively a new longer lease may be granted.
According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Rateable Value of £4,800. 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.