The property occupies a highly prominent position at the north end of Great Junction Street near to the junction of Bonnington Road and Cables Wynd and opposite King Street. It sits in the heart of the bustling retail thoroughfare of Leith amidst a range of well-known occupiers, including: Tesco, Barclay Funeral Care, Everything and Anything, a driving school, dental practice and hot food take away.
The New Kirkgate Shopping Centre and Leith Walk are also nearby containing a range of mixed use occupiers. Edinburgh City Centre can be accessed by good regular public transport links and the tram line due to extend all the way down Leith Walk to Newhaven in the near future. The nearby Leith Shore area offers a thriving wealth of new housing, bars, restaurants and cafés.
The premises comprise the ground and basement level of a traditional Edinburgh tenement building beneath a pitched and slate roof. There are three floors of residential apartments above the retail unit. The premise is created from two similar styled units which are connected by openings in the party wall between the two units. There is one entrance door. Many of the other features are duplicated as one would expect from two units being joined together.
Internally, the ground level offers an attractive main retail area regular in shape suitable for a variety of uses. At the rear of the shop there are stairs leading down to a basement area.
The basement benefits from good head height and presents ideal storage space.
The shop front is well presented with two sizeable display windows giving frontage suitable for a range of occupiers. Externally, the unit is in good decorative condition and is protected by roller shutters on both windows and door.
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 £7,800 per annum.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 77.18 sq. m. ( 831 sq. ft.)
Basement 84.10 sq.m. ( 906 sq. ft.)
Total 161.28 sq.m. (1,737 sq.ft)
According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Ratable Value of £9,550. 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.