The premise is located approximately 1.4 miles west of Edinburgh City Centre on the Eastern end of Dalry Road. 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.
The street is a popular shopping thoroughfare and benefits from regular trade from passing motorists and footfall, The shop unit is in proximity to Haymarket Station and the general Haymarket/West End area, which is undergoing significant development and investment. A tram stop is within a 5-minute walk from the property, with regular bus routes serving the area too.
The subjects occupy the ground floor of a commercial unit, with sizeable glass frontage and excellent signage potential. Internally, the unit has a deep open space, formerly used as a sit-in and takeaway dining space, with kitchen, toilet and storage facilities to the rear. Walls are finished in white with wood-effect flooring. Externally, the glass door and frontage are secured by a metal rolling shutter.
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 81 sq. m (871 sq. ft).
RENT AND PREMIUM
Our clients are looking to assign the existing 10 year lease the premises on Full Repairing and Insuring (FRI) terms for £13,500 excl. VAT per annum for the remaining 8 years.
A £5,000 premium is sought for the fixtures and fittings in the property.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £9,400. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).
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 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 G.
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.