The subject premises are located in Lorne Street near the junction of Easter Road. The unit is located between Easter Road and Leith Walk on the south side of street.
The premise is located in a 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.
Lorne Street itself is mainly residential and is situated near the middle of Easter Road.
The subjects comprise a single retail unit with planning for a residential conversion to a studio flat. The premises occupy the ground and basement floors of a four storey traditional stone-built tenement block with retail on the ground floor with three floors of flats above.
Internally the unit is open plan retail space with a staircase leading to the basement level where there is a good-sized storage area and a WC compartment.
The ground floor and the basement benefit from good ceiling heights and would suit a residential conversion similar to the shop next door which has been converted as such.
The granted planning application can be viewed on the following link.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 31 SQ M (334 SQ FT)
Basement 19 SQ M (205 SQ FT)
Total 50 SQ M ( (538 SQ FT)
Offer Over £95,000 are sought for the freehold purchase.
According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Rateable Value of £2,750. 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.