The premise is located in Old Town, midway along St Mary’s Street, which meets the Royal Mile and Cowgate at either end. The immediate area hosts numerous other small businesses including bistro/cafés, pubs, and small-goods shops in a parade of similar ground-floor retail units.
There is no shortage of public transport in the vicinity of the premises, with old-town perhaps being among Edinburgh’s busiest tourist destinations. Edinburgh Waverly is also under a 10-minute walk away from the premises.
The subjects occupy the ground and basement floors of a commercial unit in a parade of similar properties. Access to the property is gained through two sets of doors flanked by large showcase windows on either side, entering into a large open space formerly used as a retail space, through which access to the basement can be found. In the basement is contained a wide storage area, with a small office space and the WC.
The ground floor is finished in dark wood-effect flooring and grey walls, decorated in a white-painted wood paneling, while the basement walls and floor are sealed in white and grey paint respectively.
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 76 sq. m (818 sq. Ft).
Our clients are looking to lease the premises on Full Repairing and Insuring (FRI) terms for £14,000 per annum for a term to be agreed.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £13,300. 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 ins Scotland is £35,000 or less.
The utilities serving the property are mains water and electricity.
There will be no VAT due on the lease.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating of this property is currently pending.
Upon completion of a formal missive under Scots Law.
Each party shall bear their own legal costs.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, ime DJK Group Ltd.