Clerk Street is in the Newington district of Edinburgh and is a continuation of South Clerk Street. Edinburgh’s historic Old Town and tourist attractions are less than 1 mile from the shop. The subjects are situated on the north side of the street opposite Montague Street.
The area is very popular with students and there is a cosmopolitan range of commercial occupiers including convenience store operators, bars, restaurants and cafes. The open spaces of The Meadows are close by as well as numerous other location attractions and amenities.
Public transport is widely available and there is plenty of on street metered car parking.
The subjects are configured over ground and basement and form part of a traditional Edinburgh tenement building with retail use.
A glass frontage provides plenty of natural light into the front shop area and the high ceilings as well as windows to the rear add to the sense of space. To the rear right hand side of the ground floor are the WC facilities and a timber staircase that leads down to a basement with windows facing the back garden. This space already looks like a ready-made studio flat with a kitchen, WC and open plan area. There is a further basement beneath the front of the unit also with good height and access to the common stair. Although the basement has no windows there is potential to borrow light from above or simply just use this space for storage.
According to our recent measurement survey the premises contain the following approximate internal areas:
Ground floor: 56 SQ M (603 SQ FT)
Basement: 65 SQ M (700 SQ FT)
Offers over £250,000 are sought to acquire the freehold possession of this property.
Alternatively our client would accept a rental figure of £20,000 per annum.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,900.
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 property is 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 with the eventual tenant liable for any LBTT and Registration Dues.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.