Bruntsfield is an area of Edinburgh approximately 1 mile south west of the city centre. The area is relatively affluent and very busy with passing traffic and footfall. Bruntsfield is a very popular shopping location and desirable place to live with several cafes and restaurants along with several artisan retailers and occupiers. The unit is in a terrace of similar styled properties which is the norm in Bruntsfield. The unit is over the ground floor and basement level with four levels of residential flats above. The property faces the top of the Meadows.
The subjects comprise a single retail unit in a parade of similar styled local shops in a predominantly mixed use shopping and residential area. The premises occupy the ground floor and of a five storey and basement of a traditionally built stone property under a pitched and slated roof.
Internally, the unit is well laid out and is compartmentalized for Class 2 office Use but a Change of Use to retail would be feasible. The unit is a regular shaped open plan sales area with partitions creating the compartments. The existing layout offers a front office, a rear office, tea preparation area, storage and a WC compartment. The unit is not in walk-in condition.
A trap door in the floor gives access to the basement level which is suitable for storage purposes.
As it stands the unit is a project and as such is offered in an as seen condition. Upgrading works need to be carried out to create a unit suitable for purpose. The landlord is offering incentives to a prospective occupier to refurbish the unit.
There is flexibility in its 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 2 Office Consent. There is an eclectic mix of occupiers in this parade of shops including a hairdressing salon, a cafe, a gift shop, an antique shop, insurance brokers and opticians.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 66.20 sq. m. (713 sq. ft.)
Our clients are seeking a rent of £25,000 per annum.
The property is being offered on a leasehold basis 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 Ratable Value of £19,700. 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 Ratable 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.