151 Dundee Street sits approximately 1 mile to Edinburgh City Centre and is around 10-15 minute drive from the City Bypass.
The subjects present a rare opportunity to acquire a lease for prime sought-after location within the growingly popular Fountainbridge area that has a high population of students with Napier University’s Bainfield Campus just along the road, a high volume of student accommodation, new hotels, local residents and visitors to Fountain Park retail complex directly opposite.
The shop is situated on the middle of the Dundee Street on the South side of the road very opposite the Alzheimer Scotland offices in between Yeaman Place and Murdoch Terrace. The road is a main route to the city centre and host a range of well-known occupiers such as Nando’s, Five guys, Sainsbury’s and Papa Johns.
The area benefits from good transport links with regular bus routes serving Edinburgh and surrounding areas. The nearest tram stop is at Murrayfield Stadium and there are excellent cycle routes and walkways along the Union canal.
The subjects form the ground floor of a 4-storey stone-built tenement building beneath a pitched and slated roof.
There is a compact but highly useable retail space front shop area to the front leading to WC facilities to the rear right-hand side. The shop is clean and tidy and in good decorative order and the owner is carrying out some renovations to make it a more desirable clean tidy lettable space with light walls and flooring.
Externally, there is a large display window and a framed half glazed door to the righthand side and good signage space above. The window and door are protected by metal security shutters.
According to our measurement survey the net internal floor area of the premises is:
23 SQ M (248 SQ FT)
The subjects are available to lease on full repairing and insuring terms (FRI) for a term to be negotiated. A rental figure in the region of £8,000 per annum is being sought.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £4,000 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.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is G
A copy of the recommendation report is available on request.
VIEWING AND FURTHER INFORMATION
By appointment with the sole letting agents, Ime DJK Group Ltd.
Each party will bear their own legal costs. The ingoing tenant will be responsible for LBTT and registration dues incurred in the preparation and completion of the lease.
Upon completion of a formal missive under Scots Law.