• Retail use
• Highly sought-after location
• Excellent footfall
• No rates
The property is located near the junction of Lauriston Street on the north side of Bread Street between the junctions of Spittal Street and Lady Lawson Street, Bread street continues on to West Port and Grassmarket.
The area is a short walk from popular tourist destinations such as the Grassmarket and it is only a 5-10 minute walk to Edinburgh's principle retail shops on George Street and Princes Street.
The immediate area offers a range of excellent amenities including a Sainsbury's Local, Odeon cinema and a number of bars and coffee shops on nearby Lothian Road and West Port. The Hilton's Double Tree hotel is close to the subjects.
The area benefits from excellent transport links with regular bus links serving the city centre. In addition, both Haymarket and Waverley train stations are only a short distance from this location. The nearest tram stop is at Shandwick Place.
The subjects, comprise a single windowed unit configured over ground and basement, forming part of a stone-built tenement.
Internally, the subjects comprise of a bright and nicely decorated front retail area/reception area that continues through via a narrow corridor to a bespoke metal staircase with balustrade that goes up to a mezzanine with a treatment room or retail space with a sink and down to the basement. Upon entering the basement level another treatment room similar to the mezzanine level is directly below in front of the staircase. A corridor leads to a large open space staff area/office/workshop and WC located within. Additional storage space is under the stairs.
The subjects would suit a rang of occupiers from retail to office/treatment type businesses.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground floor: 40 SQ M (431 SQ FT)
Mezzanine: 14 SQ M (151 SQ FT)
Basement: 32SQ M (344 SQ FT)
A rent of offers over £12,000 is sought.
The landlord is willing to grant a new FRI lease for a term to be agreed.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,900. The uniform business rate for the current year is £0.49 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 premises is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is E.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs in the 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 letting agent, Ime DJK Group Ltd