AVAILABLE MARCH 2021
The premise is located on Clerk Street, situated south of Edinburgh City Centre; a popular continuation of the North Bridge, leading directly to the Royal Mile and the east end of Princess Street. Newington is a particularly scenic area of Edinburgh with local landmarks such as Salisbury Crags, Arthur’s Seat and the Meadows all in close proximity to each other. There is a strong student population in the immediate vicinity and a wide range of shops, bars and cafes nearby.
There are regular bus links to the city centre, with several of Edinburgh’s tourist and festival attractions nearby, such as the Festival Theatre, National Museum of Scotland, and Edinburgh Castle.
The subjects are configured over the ground and basement floors forming part of a traditional tenement building with excellent street frontage. Access to the property is gained through a recessed glazed timber doorway, flanked on either side by large showcase windows.
Internally, the ground floor is split into two main areas, with a retail area facing the street, and an office/admin room to the rear. A timber staircase offset to the side of the retail space allows access to the basement, with generous amounts of floor space suitable for storage, also including a WC.
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 75 sq. m (807 sq. Ft).
Our clients are looking for offers over £16,000 per annum to lease the premises on Full Repairing and Insuring (FRI) terms for a term to be agreed.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £8,800. 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 F.
Upon completion of a formal missive under Scots Law.
Our clients have requested that interested parties are to bear all legal costs involved in the preparation of the lease. The tenant is liable for any Registration Dues or LBTT thereon.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, ime DJK Group Ltd. EPC rating: F.