The subjects comprise the ground and basement floors of a 4 storey stone built traditional tenement block under a pitched and slated roof.
The subjects ground floor comprise an open plan retail space and staff room. The basement includes a kitchen, male and female toilets, storage room and boiler room.
The ground floor retail space has a triple window façade, suspended carpeted floors, suspended ceilings with ceiling tiles, fluorescent lighting, painted and plasterboard walls.
The basement is accessed from stairs in the main shop.
Location
The subjects are located on the west side of Newington Road which continues onto South Clerk Street. Newington Road, A701 is a major trunk road leading from the city bypass towards Edinburgh city centre. The subjects benefit from a number of bus links and are situated within a mile ofWaverly Train Station.
The subjects benefit from a diverse range of neighboring occupies which include Boots Pharmacy, William Hill, Casablanca, Euro Clean Drycleaners and a number of convenience stores.
Accommodation
We calculate the gross internal area of the subjects extends to approximately 1460 sq ft (135.59 sq m) or thereby:
Ground Floor
Workshop (756 sq ft)
WC/Tea prep (59 sq ft)
Lower Ground Floor
Storage (737 sq ft)
Total - (1,552 sq ft)
Terms
RATEABLE VALUE
The Lothian Regional Assessors Department have entered the subjects in the current Valuation Roll at Rateable Value of £13,500. The current nondomestic rate being £XXX exclusive of water rates and sewerage rates.
LEASE TERMS
Our clients are willing to enter into Full Repairing and Insuring lease for a term to be agreed, incorporating regular rent reviews at an initial rental of £11,500 per annum.
LEGAL COSTS
Each party to bear their own legal costs in the documentation of this transaction; however the ingoing tenant will be responsible for any SDLT, Registration Dues and any VAT incurred thereon.
VAT
All prices, rents and outgoings are quoted exclusive but may be liable to VAT.
ENTRY
By mutual agreement.
ENERGY PERFORMANCE CERTIFICATE
EPC Rating = E
Specification
- Located on a very busy thoroughfare
- Well established retail location
- High levels of pedestrian footfall
- Very popular student location
- Very attractive rental of £11,500 per annum
- Extends to approximately 1460 sq ft (135.59 sq m)
- Adjacent to Clydesdale Bank ATM