Piershill Lane is situated close to the junction of Portobello Road (A1140) and the A1 at the corner known to many as Jock’s Lodge, approximately 2 miles east of the city centre. Holyrood Park and Meadowbank Stadium are both nearby landmarks.
The available unit sits to the rear of a parade of shops and a public house and can be accessed from either Portobello Road or Baronscourt Road. There is a large supermarket, several other retailers and hot food takeaway outlets nearby.
The area is well served by public transport with regular bus services offering city-wide destinations with the districts of Portobello and Leith easily accessible.
The subjects comprise of a stone-built workshop with a mixture of steel and timber trusses beneath a new corrugated metal roof. The external walls are harled and the flooring throughout is concrete.
The principle vehicle access is through an electric roller shutter which leads into the rear workshop area, with two further sections towards the front of the premises.
There is a small private office to the front of the unit adjacent to a tea prep and WC facilities. Externally, there is a private courtyard area delineated with these premises along with two storage rooms.
The property would be ideal for a wine merchant, whole foods, car valet, Gym/Crossfit, workshop and various other types of businesses.
According to our measurement survey, the subjects comprises of the following gross internal area:
238 SQM ( 2,562 SQFT)
Our client is seeking £18,000 per annum plus VAT for the leasehold interest in the property.
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £6,700. 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 rateable value of all their business premises in Scotland is £35,000 or less.
The property has mains water and electricity. We understand the electricity supply is 3-phase.
The FRI lease is available for assignation with only a few years left or the landlord would grant a new FRI lease for a term to be agreed.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is C
A copy of the EPC and recommendation report can be provided upon 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.
By agreement on completion of a formal missive under Scots Law.
Each party will bear their own legal costs. The ingoing tenant or purchaser will be responsible any LBTT due on the lease or purchase