The premise is located on the junction of Newhaven Road and Ferry Road. While a primarily residential area, there is no shortage of small businesses located in the immediate area of the property, with the A-Haven Hotel, a veterinary clinic, and a solicitor/estate agency to name a few. Amenities such as the Victoria Park and various takeaways are less than a 5-minute walk away.
Ferry Road, which leads directly on to the A90, sees much passing traffic from the North of Scotland. There is no shortage of public transport links on either Newhaven or Ferry Road.
The subjects occupy the ground and basement floors of a highly prominent corner commercial unit. Access to the property is gained through a glazed timber door with an external security shutter, leading directly into a large retail space divided into two separate areas by a shallow step. There are multiple storage areas of varying sizes on the ground floor, with a basement for extra capacity.
The walls in the main retail areas are fitted with cladding designed to hold shelving and hangers to display goods, while the ceilings are sound-proofed. Elsewhere, the property is carpeted and walls are finished in a white emulsion.
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 84 sq. m (904 sq. Ft).
Our clients are looking to assign the existing lease for the premises on Full Repairing and Insuring (FRI) terms for £13,000 per annum for the remaining 9 years, with a break option in 2024.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £7,300. 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.