A substantial ground floor retail unit, the shop is set behind an attractive full height glazed frontage with a central entrance door. An open plan sales area leads to staff accommodation towards the rear.
A substantial stair leads down to useful additional space at basement level.
Location
Morningside is an affluent and attractive Edinburgh suburb of c.32,000 residents that sits approximately two miles south of the city centre.
Morningside Road is the principal arterial route through the district and the focus of its' commercial activity.
The subject premises sit in a prime position on the east side of the street, immediately adjacent to a Waitrose supermarket. The street is home to an eclectic mix of national and independent traders that include Marks & Spencer, Caffe Nero, Paperchase and The Merlin public house.
Accommodation
Measured in accordance with the RICS Code of Measuring Practice (6th Edition) we estimate the premises extend to the following approximate floor areas:
Ground Floor: 78.72 sq m ( 842 sq ft)
Basement: 19.69 sq m ( 212 sq ft)
Net Internal Area: 97.91 sq m (1,054 sq ft)
Terms
Rating - From enquiries made at saa.gov.uk, the premises are entered on the current Valuation Roll as follows:
SHOP - NAV/RV - £24,000
Energy Performance Certificate - G
Planning - The property is assumed to have the benefit of Class 1 (Retail) Use and this stretch of Morningside Road falls outwith the scope of the surrounding Conservation Areas.
For more direction on potential permitted uses we would recommend interested parties make enquiries direct to the Duty Planning Officer at Edinburgh City Council.
VAT - We understand the premises have not been elected for VAT purposes and VAT is therefore not currently chargeable on the rent.
Terms - Subject to obtaining vacant possession, our clients offer the premises on a new full repairing lease of a minimum ten years duration at an initial rental of £28,500 per annum.
Legal Expenses - Each party will meet their own legal expenses incurred in connection with the transaction, with the incoming occupier meeting any Land and Buildings Transaction Tax and Registration Dues that may be payable.
Entry - Entry, subject to securing vacant possession of the unit, is available from February 2023 and from conclusion of missives.