Balcarres Street is well located in Morningside Edinburgh connecting Morningside Road with Myreside Road/ Craighouse Road. Morningside is a well-known residential and shopping area located approximately 2 miles south of Edinburgh City Centre. The surrounding area is given over mainly to residential use but with pockets of commercial.
The subjects are situated in a quiet and attractive lane to the rear of the north side of Balcarres Street. Access to the lane is gained through a vennel between the residential apartments. The unit forms part of a courtyard of similar styled properties in the private cobbled lane.
The subjects comprise the ground floor of a single storey detached industrial unit. The unit is located within a private cobbled lane off Balcarres Street in Morningside, Edinburgh.
The property is of single storey, brick construction under a pitched and slate roof with a concrete floor. There is an electric roller shutter door 6-09m wide with 3.24m eaves height for vehicular access and there is also a separate entrance door.
Other occupiers include a car sales business, stain glass works, a solicitor, IT professional and stone mason.
The present configuration is ideally set out for a number of uses. The layout offers a large regular shaped area accessed directly by the roller shutter door located two thirds along the front elevation and separate entrance door. There is a painted concrete floor and the ceiling is open to the exposed rafters. The previous tenant was a car valeting business.
At present there are no WC facilities within the building.
There is no car parking associated with the property in the lane.
The landlord?s preference is for a non-motor trade occupier.
The unit would suit a number of occupiers more especially trade workshops, studios and storage.
According to our recent measurement survey the premises contain the following approximate net
Ground Floor 298.20 sq. m (3,209 sq. ft.)
Our client is seeking £19,250 per annum exclusive to grant a new lease.
The subjects are made available on the basis of a new full repairing and insuring (FRI) lease for a term to be negotiated.
The premises will be used for the purpose of Class 5 Light Industrial as specified in the Schedule of Town and Country Planning (Use Classes) (Scotland) Order 1997. Any prospective tenant should satisfy themselves that the property complies with their intended use.
According to the Scottish Assessor?s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,100 effective 1st April 2017. The uniform business rate for the current year is 46.6 pence in the pound.
Occupiers may be eligible for 100% 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 is served by mains electricity.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate will be provided for on request.
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.