139 West Port comprises a single windowed retail unit arranged over ground and basement of a traditional Edinburgh tenement.
The high ceiling throughout is a nice feature for a retail environment and there are some fixtures and fittings remaining from the previous occupant which may be of use to an ingoing occupier. The unit, previously trading as a newsagent, has a natural front and back shop split with a staircase leading down to the basement. An area of the basement is currently not usable pending a repair but there is storage space remaining together with a WC.
There is also a roller shutter securing the large display window.
Location
West Port is situated in Edinburgh city centre to the south of Princes Street and is a continuation of Bread Street leading to the Grassmarket and the wider Old Town area.
The street itself comprises a mixture of local and national retail occupiers, including Sainsbury’s Local, with flatted dwellings above as well as numerous office occupiers.
It is a very busy thoroughfare with plenty of metered car parking nearby and public transport links connecting it with the rest of the city.
Accommodation
According to our recent measurement survey we calculate the approximate net internal area to be:
50.39 sq m (542 sq ft)
Terms
CLOSING DATE - FRIDAY 22nd JUNE 2018 AT 12 NOON
LEASE - The subjects are offered on flexible terms the basis of a new lease on full repairing and insuring (FRI) terms for a period to be agreed.
RENTAL - Our client is seeking £10,000 per annum for the leasehold interest in the property.
RATEABLE VALUE - According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £4,200. The uniform business rate for the current year is £0.484 pence in the pound.
For properties with a Rateable Value of £15,000 and under occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme, depending on individual circumstances.
UTILITIES - The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE - The EPC rating is pending.
LEGAL COSTS - Each party shall bear their own legal costs with the eventual tenant liable for any Registration Dues or LBTT thereon.
Specification
- Situated on a busy link road leading to the Grassmarket
- Rental of £10,000 per annum
- Flexible lease terms available/Qualifies for 100% rates relief
- Approximately 50.39 sq m (542sq ft)