Dundas Street is located approximately 0.5 miles north of Edinburgh city centre and Princes Street. It forms one of the main thoroughfares bringing people into the city centre on a daily basis either by car, bus or walking. Dundas Street forms the backbone of Edinburgh New Town which is a conservation area and a World Heritage site. The unit is located between Great King Street and Northumberland Street on the east side of the street.
The area is a mix of mainly residential with parades of similar styles retail, office and licensed premise on the ground floor. Car parking at the front of the unit is by Permit holders only however there is limited visitors paying spaces.
The retail premise comprises the ground floor of a five storey traditional New Town property under a pitched and slate roof. There are club rooms on floor above the unit with a further three floors of residential properties above. Other occupiers in the parade of shops include a cashmere retailer, art galleries, property managers and antique dealers with a Tesco Express opposite.
There are three display windows fronting onto Dundas Street with a centrally entrance door. The entrance is reached by a set of stone stairs leading from Dundas Street.
Internally the unit is laid out with a regular shaped sales area to the front with a further sales area located off to the right hand side.
A tea preparation area and WC are centrally located in a corridor leading to the rear sales area, WC and tea preparation area to the rear sales area. This is a regular shaped area with a window and fire escape.
At present the unit is used as a clock repair workshop who is re-locating.
At present the unit is classed as Class 1 Retail.
We are seeking a new lease for a term to be agreed on a Full Repairing and Insuring basis.
We are seeking a rent of £15,000 per annum.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 85.39 sq. m. (919 sq. ft.)
According to the Scottish Assessor?s website (www.saa.gov.uk) the property has a Ratable Value of £14,800. 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 Ratable 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.
If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.