The subjects comprise a single windowed lock up retail unit arranged over the ground floor of a 5 storey and attic traditional mid terraced tenement style block under a slated mansard roof.
Internally the subjects comprise a front shop area of retail sales and a back shop area with WC and tea prep facilities.
The front shop has a carpet covered concrete floor under a concrete panelled and painted ceiling and plastered and painted walls with spotlight fitments. The back shop has a solid vinyl floor with plastered and plasterboarded painted walls with double glazed windows to the rear. There is fitted kitchen style units with a stainless steel sink and water heater installed. The WC to the rear of the property is fitted similarly to the back shop however with the addition of an inlaid light and ceramic suite.
Location
The subject property is located on the east side of St Patrick Square between the junctions of Rankeillor Street to the south and Nicolson Street to the north within the Newington district of Edinburgh, approximately one mile south of Edinburgh city centre. St Patrick Square is a continuation between Nicolson Street and Clerk Street and is a well established secondary retailing parade well represented by both national and local traders. Neighbouring commercial occupiers in close proximity include Warners, TSB and the Edinburgh Bargain Store.
Accommodation
We calculate that the net internal areas of the subjects extend to approximately 65.50 m² (705 ft²) comprising of the following:
Ground Floor
Front Shop Retail Sales - 604 sq ft (65.10 sq m)
Back Shop - 84 sq ft (7.80 sq m)
WC - 17 sq ft (1.60 sq m)
TOTAL - 705 sq ft (65.50 sq m)
Terms
RATEABLE VALUE
The Lothian Regional Assessors’ Department has entered the subjects in the current Valuation Roll at a rateable value of £13,100 per annum.
At the time of publication the non-domestic rate is 47.1 pence exclusive of water and sewerage rates.
Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 6 months of taking legal occupation.
PRICE
Our clients are seeking offers over £165,000 for the freehold (heritable) interest in the property.
LEGAL COSTS
Each party to bear their own legal costs in the documentation of this transaction.
VAT
All prices and outgoings are quoted exclusive but may be liable to VAT.
ENERGY PERFORMANCE CERTIFICATE
The subjects have an Energy Performance Certificate rating of G. Further details are available from the sole selling agent.
ENTRY
By mutual agreement
VIEWING
Strictly through the sole agent
Specification
- High levels of footfall and passing trade.
- Close to Edinburgh University.
- Major arterial route through Edinburgh.
- Offers over £165,000.