The subject premises are located in Crighton Place which forms part of the broad boulevard which is Leith Walk. The unit is located between Albert Street and Iona Street on the east side of “The Walk”
The premise is located in a prime mixed use area which is a bustling and thriving community with a combination of national retailers, artisans with cafes and bars. There is excellent public transport links serving the city centre with a bus stop located 50 meters from the premise giving access to all parts of the city. Footfall is high throughout the day with shoppers, commuters and tourists all using Crighton Place.
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 five storey traditional stone built tenement block with retail on the ground floor with three floors of flats above.
Internally, the unit is well fitted, high ceiling and with a good specification. The ground floor is a regular shaped sales area with a large display window to the front. The front area is well fitted and is well laid to suit our clients? needs but there is flexibility in the layout to create something unique to match the new occupier's imagination.
A staircase leads to the basement level where there is a good sized storage area and a WC compartment.
This offers an outstanding opportunity to further develop a business in a great location. The sales area is flexible which could be used for a plethora of uses such retail space, art/ photo gallery; craft shop, a clinic or other ancillary uses.
The subjects benefit from a Class 1 Retail Consent. The unit was formerly a window blind retailer. Other retailers in this parade of shops comprise a Ladbrokes, a William Hills, a hairdressing salon, a cafe, mortgage brokers and an art gallery whilst nearby there is a Sainsbury's, Scotmid and Costa Coffee.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 32.20 sq. m. (347 sq. ft.)
Lower Ground Floor 32.60 sq. m. (351 sq. ft.)
Total 64.80 sq. m. (698 sq.ft.)
The current rent is £13,000 per annum.
We are looking to assign the existing lease there is 9 years remaining.
According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Rateable Value of £4,950. 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 properties are 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 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.