Property Details

1 Hope Park Terrace
Edinburgh, Meadows

£25,000 P.A.

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PropertyDescription

LOCATION
Hope Park Terrace is in the Newington district of Edinburgh and adjoins the corner of Hope Park Crescent, a continuation of Potter Row and on to Causewayside. 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 Techcube.
The area is extremely 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 on the doorstep as well as numerous other location attractions and amenities.
Public transport is widely available and there is plenty of on street metered car parking and cycle paths.

DESCRIPTION
The subjects are configured over ground level and form the corner unit of part of a traditional Edinburgh tenement building with office use.
A largely 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 up a couple of steps to further offices/rooms, tea prep area with more windows facing the front and back. The front half of the premise is open plan area with high ceilings, cornicing, Amtico flooring and is clean and modern. There is scope to open the front area more by removing a couple of partitions.

The unit would suit a variety of retailers, office occupiers, cafe use, beauticians, veterinarians, physio therapist etc? Change of use applications would be considered for the established covenants.

ACCOMMODATION

According to our measurement survey the size of the property is :
Ground floor: 119 SQ M (1,280 SQ FT)

However according to the Scottish assessors page the size of the property is:
Ground floor: 148 SQ M (1,593 SQ FT)

RENT
Offers over £25,000 are sought to acquire the leasehold possession of this property on a 10-year minimum FRI (full repairing and insuring) lease.

RATEABLE VALUE
According to the Scottish Assessor?s website (www.saa.gov.uk) the subjects have a Rateable Value of £20,700.
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.

UTILTIES
The property is served by mains electricity, gas and water.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is E .
A copy of the recommendation report is available on request.

LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.

ENTRY
Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.

PropertyOverview

  • Property ID:P507
  • Postal Code: EH8 9LZ
  • Status:For Rent
  • Type: commercial
  • Class:2 (Office)
  • Property Size:1,593 sq ft
  • Price:£25,000

ExtraInformation

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