Haddington Place is located approximately 0.6 miles northeast of Edinburgh city centre and Princess Street and forms part of Leith Walk, forming one of the main thoroughfares bringing people into the city centre daily either by car, bus, tram, or by foot.
Leith Walk is one of the longest streets in Edinburgh, and is the main road connecting the port area of Leith to the centre of the city. Forming the majority of the A900 road, it slopes upward from 'the Foot of the Walk' at the north-eastern end of the street, where Great Junction, Duke and Constitution streets meet, to the Picardy Place roundabout at the south-western end.
The area is a mix of residentials flats and commercial units and is known for being a very popular place to live and work given its proximity to town and its excellent transport links.
The subjects are configured over the lower ground floor forming part of a traditional tenement building with excellent street frontage and footfall. The spacious main room is accessed via a staircase leading from the street directly to the lower ground floor, and contains access to the rear rooms, and a useful cellar for storage. The Large, curved, and south-facing front windows allow lots of natural light to enter the premises.
The rear of the premises holds another open space, and additional storage/office space further to the rear. The WC is found through another doorway by the staircase, and an additional sub-street cellar can be found here too.
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 seeking £15,000 per annum to let the premises on a new Full Repairing and Insuring (FRI) lease for a term to be agreed.
There will be no VAT due on the lease.
The property is served by mains water, and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is currently pending.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £6,100. 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.
Each party is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd.