The subject property forms the ground floor of a traditional tenement building on the corner of Cathcart Place and Duff Street, Edinburgh. Cathcart Place lies off Dalry Road (A70), one of the busiest thoroughfares in to and out of Haymarket and the West End of Edinburgh and is also a very busy shopping location where there is located a LIDL, a Sommerfield, numerous local and artisan shops, bars and restaurants.
On driving east bound into town along Dalry Road, Cathcart Place can be found by turning left at the Dalry Primary with is opposite the LIDL supermarket.
The subjects comprise the ground floor retail unit of a four storey traditional building constructed of stone under a pitched and slate roof.
There is a display window to the front of the property with a recessed entrance door. The area is predominantly residential where only one or two retail/ workshops still remain. Internally, the unit is a basic rectangular in shape with a WC for staff.
The property is currently Class 1 usage the previous owner used the premises as a workshop to repair church organ pipes.
According to our recent measurement survey the premises contain the following approximate net internal area:
17.16 sq. m. (184 sq. ft.)
Our client is seeking offers around £50,000 for the freehold interest in the property.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £4,150. The uniform business rate for the current year is £0.484 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.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.
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.