The subjects are located in the Juniper Green area of Edinburgh which is circa 9km (5.6 miles) south west from the city centre. The unit is situated on Lanark Road on the junction with Baberton Avenue and the pedestrian crossing. Lanark Road forms part of the A70, Edinburgh to Lanark road, which leads through Currie, Balerno, to the Pentland Hills and on to Lanark.
The premise is located in a prime residential area where there are a range of local businesses and amenities to service the local residents. There is excellent public transport links serving the city centre with a bus stop located meters from the premises.
The retail premises comprise the ground floor corner site of a two storey traditional property under a pitched and slate roof. There are residential properties on the first floor above the premises. Other occupiers in the parade of shops include a chemist, Scotbet, barbers, computer shop and the Juniper Green Inn.
The property occupies a prominent location on a pelican crossing in a mixed use location. There are two display windows either side of the entrance of Lanark Road with further windows on the Baberton Avenue elevation. There are further entrances accessed via Baberton Avenue.
Internally the unit is bright, well laid out, has a good specification with a regular shaped sales area to the front with treatment rooms leading off the main area with further areas including a tea preparation areas and staff WC to the rear.
The present occupier is as a hair and beauty salon which has been a fixture in this location in Juniper Green for 17 years.
At present the unit is classed as Class 1 Retail.
Offers over £130,000 are sought for the freehold investment.
There are just over 3 years remaining on a lease held on a Full Repairing and Insuring basis which runs until May 2022.
The passing rent is £9,300 per annum.
The existing tenant, which is a hair and beauty salon, has been in occupancy for 17 years.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 52.02 sq. m. (600 sq. ft.)
According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Ratable Value of £6,600. 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 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.