The subjects are located on West Maitland Street in Edinburgh’s Haymarket district. The property is on the north side of the street close to the corner of Palmerston Place and is within a short walk of Haymarket Station and a tram stop.
This is an extremely busy thoroughfare with a constant flow of passing footfall and traffic. It is a highly visible location for any retailer and benefits from the wide range of commercial occupiers and residences nearby. These include Ladbrokes, William Hill, Greggs and a branch of TSB Bank.
Public transport is widely available. There is a bus stop directly outside the door and the aforementioned tram stop is only a short walk away. Car parking is restricted in the area with only metered or permit spaces available.
The subjects comprise a single retail unit over ground and basement with an aluminum shop frontage and modern fixtures and fittings internally. There are 3 storeys of residential accommodation above.
Currently, it is set out as a newsagent shop with the entire ground floor given over to sales space. The stairs leading to the basement are positioned mid-way along the sales area.
The basement area is extensive and of a generous head height throughout with excellent storage space for a retail operation. Contained within this area are staff facilities including WCs, a tea prep and an office.
According to our recent measurement survey the premises contain the following approximate net internal areas:
101 sq m (1,087 sq ft)
The property is currently let to RS McColl but a new lease is available on providing 3 months prior notice.
The landlord is seeking rental offers of £28,000 per annum to grant a new lease on the premises.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £17,600 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 and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available 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, by contacting 0131 290 2350 or firstname.lastname@example.org