The property occupies a highly prominent position on the south side of Parsons Green Terrace between the Willowbrae and Meadowbank Terrace junctions on London Road. This is a busy thoroughfare as it is one of the main thoroughfares enabling people from east Edinburgh and East Lothian to come and go from the City Centre. It is also a busy mixed use area with large offices and retail parades coupled with well-established residential properties close-by. The unit sits in the heart of the bustling retail parade amidst an eclectic range of occupiers including: Boots the Chemist, a beauty salon, a barber shop, several cafes, a hair studio and an embroidery shop as well as hot food take away.
Edinburgh City Centre and the east side of Edinburgh can be accessed by good regular public transport links. Nearby there is the former Meadowbank Stadium which is due to be demolished with a host of new housing being created over the site.
The premises comprise of the ground level of a four storey traditionally built stone building beneath a pitched and slate roof. The single fronted unit stands in a prominent location.
The bright sales area is regular in shape. A stairway leads to a large kitchen which is fully fitted and would suit a variety of cuisines. Located off the staff area is a WC and large storage area.
Internally, the ground level offers an attractive main reception and serving area regular in shape suitable for a variety of uses.
There are security shutters to the front window and door.
There is a bus lane at the front of the property however there is metered parking in the close vicinity.
At present the unit is classed as Class 3 hoot/food/ takeaway.
We are seeking a rent of £8,000 per annum.
IME are seeking an assignation of the lease for the remainder of the lease.
The lease is held on a Full Repairing & Insuring basis.
IME are seeking a goodwill value of £15,000 for the business.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 60.25 sq. m. (649 sq. ft.)
Total 60.25 sq. m. (649 sq. ft.)
According to the Scottish Assessor?s website (www.saa.gov.uk) the property has a Ratable Value of £9,400. 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, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report will be 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.
The assignees will pay the costs and expenses of the landlords up to a maximum of £500 plus VAT in connection with this Assignation.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, IME Property Ltd.