Dundas Street is located approximately 0.5 miles north of Edinburgh city centre and Princes Street. It forms one of the main thoroughfares bringing people into the city centre on a daily basis either by car, bus or walking. Dundas Street forms the backbone of Edinburgh New Town which is a conservation area and a World Heritage site. The unit is located between Great King Street and Northumberland Street on the west side of the street.
The area is a mix of mainly residential with parades of similar styles retail, office and licensed premise on the ground floor. Car parking at the front of the unit is by Permit holders only however there is limited visitors paying spaces.
The retail premise comprises the lower ground floor of a four-storey traditional New Town property under a pitched and slate roof. There are retail units above on the ground floor with a further three floors of residential properties above. Other occupiers in the parade of shops include a travel agent, art galleries, solicitors and antique dealers and a Tesco Express.
There are display windows fronting onto Dundas Street with a bright glazed door. The entrance is reached by a set of stone stairs leading from Dundas Street.
Internally the unit is laid out with a regular shaped sales area to the front, there is a partition dividing the front and back shops, this could be easily removed to create a more open feel if required.
The WC is located to the rear righthand side of the premises.
We are seeking offers over £150,000 on behalf of our clients for the freehold acquisition of this property
Although our clients would prefer to sell the property, they may consider leasing the property for a rental figure in the region of £13,000 - £15,000 per annum.
According to our recent measurement survey the premises contain the following approximate net internal area:
Lower Ground Floor 43 SQ M (463 SQ FT)
According to the Scottish Assessors website (www.saa.gov.uk) the property has a Rateable Value of £10,100. 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 Ratable 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 C.
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 DJK Group Ltd.