The property is located on Argyle Place in the heart of Edinburgh’s Marchmont area. The surrounding location has a strong student population although it is also popular with young professionals and families enjoying the range of local amenities. Edinburgh University’s main campus is a short walk across the Meadows.
Other retailers in this neighbourhood parade of shops offer an eclectic mix of green grocers, cafes, bicycle repair shop, architect’s office and yoga studio.
Due to its close proximity to the Meadows and a principal route into the city centre, Melville Drive, many of Edinburgh’s attractions are easily accessible. It also lies close to the site existing site of The Royal Hospital for Children.
The subjects comprise a single retail unit 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 comprises of a regular shaped sales area to the front with seating around the front window. A demountable partition to the rear offers a storage area for a chiller/ fridge/counter which leads to the staff WC and through a doorway to a fully fitted kitchen to the rear. The kitchen offers an extraction canopy over a space for a cooker, 2 x large sinks and 1 x wash hand basin along with stainless steel units. Other kitchen/cafe equipment is available by separate negotiation.
In the front area there is a hatchway with a stairway leading to the basement which is ideal for storage.
The property has traditional cornicing, high ceilings, is bright, 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.
The subjects benefit from a Class 3 Hot Food Consent.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 44.20 sq. m. (476 sq. ft.)
Basement 23.27 sq. m. (251 sq.ft.)
Total 67.47 sq. m. (727 sq.ft.)
Our clients are seeking a rent of £18,000 per annum are invited.
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 £10,800. 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 property is served by mains electricity and water.
Gas can be re-connected to the premises.
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.
If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.