The subjects comprise a commercial unit arranged over the ground floor of a four storey tenement building, set within a terrace of shop units. At approximately 34 metres long and 1.5 metres wide it has a unique appeal.
Internally, the property is in good condition throughout with laminate flooring and recessed LED light fittings. The rear section benefits from a higher ceiling than the front section and also a cupola which brings in natural daylight.
To the back of the unit is a kitchen and WC facility.
Location
Dundas Street with its high-end galleries and independent boutiques and cafes is located approximately 1 mile north of Princes Street in Edinburgh’s New Town.
The property is located on the west side of Dundas Street close to its junction with Henderson Row and Eyre Place to the north and Fettes Row to the south.
It is situated directly opposite the ongoing New Town Quarter development which will deliver 83,000 sq ft of new office accommodation and residential apartments.
Adjoining occupiers to the subject property include: Bacco Wine Merchants, Margiotta, Clark’s Bar, Brioche and One 20 Wine Café.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
58.50 sq m (630 sq ft)
Terms
RENT
Our client is seeking rental offers over £8,500 per annum (£700 pcm).
LEASE TERMS
The premises are available for immediate let on flexible terms for a period to be negotiated.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £6,400 effective 1st April 2023. The uniform business rate for the current year is £0.498 pence in the pound.
Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
UTILITIES
The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is G.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
ANTI-MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due dilligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
ENTRY
Upon completion of a formal missive under Scots Law.