The subjects comprise 3 mews buildings which have been interconnected to provide a self-contained, modern office over ground and 2 upper floors and a large secure garage.
Internally, the accommodation provides 3 open plan suites on ground, 1st and 2nd floors with toilet and kitchen facilities located on both the 1st and 2nd floors. At present, the ground and 1st floors have been refurbished and benefit from a specification including the following:
- Suspended ceiling with recessed fluorescent lighting
- New decoration throughout
- New carpets
- A mixture of perimeter and under floor trunking
- Shower
At present the 2nd floor is undergoing a refurbishment and once complete will benefit from a similar specification as noted above.
The secure garage can accommodate up to 3 cars.
Location
Canning Street Lane is situated within the heart of Edinburgh’s business district and more specifically is located on the edge of the West End and Exchange Districts.
The location benefits from excellent public transport links with numerous buses servicing Shandwick Place where there is also a new tram stop, West End – Princes Street. There are plenty of local amenities in the immediate vicinity and the property is within walking distance of Edinburgh city centre’s main retail thoroughfares of Princes Street and George Street. Haymarket railway station and transport hub is also within 5 minutes walking distance.
Nearby occupiers include Gillespie Macandrew LLP, Mott McDonald, Atkins Ltd and Doig & Smith.
Accommodation
This Net Internal Area survey was undertaken by Plowman Craven, in accordance with the guidelines as described in the Sixth Edition (September 2007) of the Code of Measuring Practice, published by the Royal Institution of Chartered Surveyors.
The subjects provide the following approximate net internal areas:
Ground Floor 50.54 sq m (544 sq ft)
First Floor 179.21 sq m (1,929 sq ft)
Second Floor 121.33 sq m (1,306 sq ft)
Total 351.1 sq m (3,779 sq ft)
Terms
The subjects are available on a new Full Repairing and Insuring lease directly from the landlord on terms to be agreed or alternatively, our client will consider offers for the heritable interest.
We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2010 is as follows:
Office: £52,400 (Each new occupier has the right of appeal against this figure).
Based on a rate poundage of XXX this rateable value will result in an estimated rates liability in financial year 2014/15 of £25,257.
Specification
- City centre location
- 2/3 car secure garage
- Self-contained
- Open plan floor plates
- EPC Rating D