116 SPRING GARDENS, EDINBURGH EH8 8EY
23 SQ M (248 SQ FT)
• Retail use
• No rates
• Cheap rent
The property is located near the junction of Waverly Park on the south side of Spring Gardens between the junctions of Waverly Park and Milton Street. Spring Gardens continues east on to Royal Park Terrace and follows on to Holyrood Park and Arthur’s Seat, whilst Abbeyhill, The Royal Mile and the Scottish Parliament are just off the west side of the street.
The area is a short walk from popular tourist destinations such as Holyrood Palace and the Royal Mile and it is only a 15-minute walk to Edinburgh's principle retail shops on George Street and Princes Street.
The immediate area offers a range of excellent amenities including Meadowbank Shopping Park, where you have Sainsbury’s, B&M, M&S and other national companies. There is a number of bars and coffee shops on nearby London Road and Easter Road.
The area benefits from excellent transport links with regular bus links serving the city centre. In addition, Waverley train station is only a short distance from this location. The nearest tram stop is at York Place.
The subjects, comprise a single windowed unit configured over ground floor, forming part of a stone-built tenement.
Internally, the subjects comprise of a bright rectangular front shop retail area. A narrow corridor to the righthand side leads through to the back-shop area which is a good space with a window to the back of the unit. The WC is located to the rear right hand side of the property.
Currently the shop is in need of a little renovation, our client is willing to take this into consideration with incentives for potential tenants.
The subjects would suit a range of occupiers.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground floor: 23 SQ M (248 SQ FT)
The landlord is willing to grant a new FRI lease for a minimum 5-year term.
£6,000 per annum.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £2,250. 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 pending.
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