Property Details

21 South Clerk Street
Edinburgh, Newington

£25,000 P.A.

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PropertyDescription

21 South Clerk Street, Edinburgh EH8 9JD

LOCATION
The premises is located on South 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 including Greggs, Sainsbury’s and Papa Johns.

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.

DESCRIPTION
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 an aluminium framed glazed door, flanked on the righthand side by three large showcase windows.

Internally, the ground floor is split into two main areas, with a vast retail area facing the street, and an office/back shop area to the rear. A L-shaped staircase offset to the right of the back shop space allows access to the basement, with generous amounts of floor space suitable for storage, also including the WC’s.

ACCOMMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:

• 101 sq. m (1,087 sq. ft). Ground floor
• 117 sq. m (1,259 sq. ft). Basement

RENT
Our clients are looking for offers over £25,000 per annum to lease the premises on Full Repairing and Insuring (FRI) terms for a term to be agreed.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £16,800. 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.

UTILITIES
The utilities serving the property are mains water and electricity.

VAT
There will be no VAT due on the lease.

ENERGY PERFORMANCE CERTIFICATE
The EPC rating of this property is E.

ENTRY
Upon completion of a formal missive under Scots Law.

LEGAL COSTS
Each party shall bear their own legal costs.

VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, ime DJK Group Ltd. EPC rating: E.

PropertyOverview

  • Property ID:P590
  • Postal Code:EH8 9JD
  • Status:For Rent
  • Type:commercial
  • Class:1 (Retail)
  • Property Size:2,346 sq ft
  • Price:£25,000

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