Property Details

3 Holyrood Road
Edinburgh, Holyrood

£15,000 P.A.

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PropertyDescription

3 Holyrood Road, Edinburgh EH8 8AE

LOCATION
The premise is located in Old Town, near the corner of St Mary’s Street, which meets the Royal Mile. The junction also leads to the Cowgate and the Pleasance. The immediate area hosts numerous other small businesses including bistro/cafés, pubs, lots of student housing and similar ground-floor retail units.

There is no shortage of public transport in the vicinity of the premises, with old-town perhaps being among Edinburgh’s busiest tourist destinations. Edinburgh Waverly is also under a 10-minute walk away from the premises.

DESCRIPTION
The subjects occupies the ground floor of a commercial unit in a parade of shops. Access to the property is gained through two sets of doors flanked by large showcase windows on either side, entering into a large open space formerly used as a watch repair shop for many years, through which access to the basement can be found.

The unit is in need of a full fit out as the shop has never been renovated for a long time. Incentives will be offered to help potential tenants with the fit out. The location alone would make the fit out worth while to be in this location and well known highly visible shop.

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

• 73 sq. m (786 sq. ft)

RENT
Our clients are looking to lease the premises on Full Repairing and Insuring (FRI) terms for £15,000 per annum 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 £11,000. 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 ins 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 currently 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:P599
  • Postal Code: EH8 8AE
  • Status:For Rent
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:786 sq ft
  • Price:£15,000

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