Property Details

126 Newhaven Road
Edinburgh, Newhaven

£8,000 P.A.

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PropertyDescription

126 Newhaven Road, Edinburgh EH6 4BR

LOCATION
The premise is located near the junction of Newhaven Road and Ferry Road. While a primarily residential area, there is no shortage of small businesses located in the immediate area of the property, with the A-Haven Hotel, a veterinary clinic, and an solicitor/estate agency to name a few. Amenities such as the Victoria Park and various takeaways are less than a 5-minute walk away.

Ferry Road, which leads directly on to the A90, sees much passing traffic from the North of Scotland. There is no shortage of public transport links on either Newhaven or Ferry Road.

DESCRIPTION
The subjects occupy the ground and basement floors of a Commercial Unit that forms part of a traditional Edinburgh tenement beneath a slated pitched roof on a highly prominent corner. Access to the property is gained through a UPVC/Composite door with an electric security shutter over both window and door. The entrance leads directly into an open plan reception/office space with a door on the back wall that lead to a staircase to access the basement. There are two storage areas one under the stairs and a file room to the front of the basement. The rear right hand side has a private office with a window and also houses the WC and a tea prep area.

The unit would suit a variety of small businesses.

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

• 24 sq. m (258 sq. ft). Ground floor
• 31 sq. m (334 sq. ft). Basement
• 55 sq. m (599 sq. ft). Total

RENT
We are aiming to rent this property on Full Repairing and Insuring (FRI) terms for £8,000 per annum for a minimum of five years.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £3,650. The uniform business rate for the current year is £0.49 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 pending.

ENTRY
Upon completion of a formal lease under Scots Law.

LEGAL COSTS
Each party shall bear their own legal costs.

PropertyOverview

  • Property ID:P614
  • Postal Code: EH6 4BR
  • Status:For Rent
  • Type: commercial
  • Class:2 (Office)
  • Property Size:599 sq ft
  • Price:£8,000

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