Gilmore Place lies in the Polwarth area of Edinburgh approximately 1 mile south west of the city centre and is close to the affluent residential areas of Bruntsfield, Morningside and Merchiston.
There are a range of independent retailers close to the subjects including Viewforth Glazing and the artisan bakery, Dough Ri Me. The new Boroughmuir High School at Fountainbridge is only a short walk away as is the Fountain Park Leisure complex and Napier University student accommodation.
The area is well served by public transport, too, with regular bus services offering city-wide destinations. Meanwhile, for commuters, Waverley Station and the recently refurbished Haymarket Station are approximately 1.7 and 1.2 miles away respectively.
The subjects are generally in excellent condition and is currently trading as an arcade café. The unit forms the ground level of a traditional Edinburgh tenement building and occupies a prominent position with good footfall from the local schools, passing motorist as well as locals.
The layout provides spacious accommodation with a generous ceiling height in the main shop area. It also enjoys good levels of natural daylight afforded by the large window unit and glass entrance door. There is plenty of dry storage available in the basement of the shop and further seating area to the rear as well as a nicely decorated unisex WC.
Externally the unit is well presented with good signage and a secure electric shutter.
The unit is fully fitted with a counter, coffee machine, window seating to the rear, all the newly installed plumbing, sinks, water heaters, fridges, contact grill, dishwasher, TV, tables, chairs and cabinets, all of which will be included in the premium. The arcade machines are not available.
According to our recent measurement survey, the subjects comprise the following gross internal areas:
Total NIA: 78 SQ M (840 SQ FT)
Offers in the region of £12,000 per annum is sought to grant a new lease.
A premium of £10,000 is being sought for all fixtures and fittings with the exception of the arcade machines.
If equipment is not required you may still be able to lease this property.
The subjects are available to lease on a new full repairing and insuring (FRI) lease basis for a term to be agreed.
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £10,300. The uniform business rate for the current year is £0.49 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.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is F
A copy of the EPC and recommendation report can be provided upon request.
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.
EPC rating: F.
EPC rating: F.