Property Details

Suite 5, Mitchell House Mitchell Street
Edinburgh, Leith

£29,898 P.A.

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PropertyDescription

LOCATION
Mitchell Street is located in Leith between Elbe Street and Constitution Street which is the main arterial route connecting Leith, Leith Walk with Edinburgh City Centre. The subjects are less than 2 miles from Princes Street.

Mitchell House is a multi-tenanted serviced office complex located in the trendy Shore area of Edinburgh. Mitchell Street provides a blend of commercial and residential accommodation. Other commercial occupiers locally include the Port of Leith Housing Association headquarters, Cowan & Partners CA, Solicitors offices, the Assembly Rooms and several cafés, bars and restaurants.

DESCRIPTION
Mitchell House is a five-storey former traditional bonded warehouse which has been converted in to a modern serviced office complex. The subjects available comprise a ground floor suite, Zone 5, which has its own main door access from Mitchell Street.

The open-plan suite is available either as existing which comprises a large unfitted open plan space with concrete floor, original pillars; ladies and gents toilets with a tea prep area.

Conversely it can be converted and fitted out into a large open plan office with a capacity for circa 26 workstations, a meeting room, reception area, comms room and store. The area would be well suited to a retail show room with design/admin office.

Internally, the subjects are finished to an excellent standard with good natural light providing bright and spacious areas. The offices are well equipped to accommodate the latest technology and support office services in innovative and contemporary styled office. The offices can be fully fitted with Cat 5 cabling, superfast Broadband, WIFI, quality office lighting, air conditioning, central heating and are fully DDA compliant and can be furnished.

The complex which has 24 hour access benefits from shared meeting rooms; break out areas; with toilet, shower, kitchen and storage facilities.

There is a bike store with free on street car parking facilities located in the vicinity of Mitchell Street.

ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:

270 sq. m. (2,906 sq. ft.)

RENT
A rent of £29,898 per annum is being sought.

The subjects are available to lease on an Internal Repairing and Insuring (IRI) basis with a term to be agreed. The rent is based on a fully serviced office which includes all buildings insurance, cleaning, up to 200mbps broadband internet.

There will be no VAT due on the lease.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £24,300. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).

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.

UTILTIES
The property is connected to mains water and electricity.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is E+.

A copy of the recommendation report is available on request.

LEGAL COSTS
A free of charge Office License Agreement document is to be signed by both the Licensor and Licensee.

Each party shall bear their own legal costs in the preparation of the lease with the ingoing tenant liable for any Registration Dues or LBTT thereon.

ENTRY
Upon signing and completion of an Office License Agreement.

VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd. EPC rating: E.

PropertyOverview

  • Property ID:P289
  • Postal Code: EH6 7BD
  • Status:For Rent
  • Type: commercial
  • Class:4 (Business)
  • Property Size:2,906 sq ft
  • Price:£29,898

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