The subjects comprise an upper ground floor A-listed retail premises of traditional stone construction, contained within a larger 3-storey building surmounted by what appears to be a flat roof, with what we assume to be a bituminous felt or similar type covering.
The premises benefits from a timber framed and single glazed display windows, with a return facing Dean Terrace that provides further visibility and excellent natural daylight. Access to the premises is taken via a timber pedestrian entrance door that is situated 7 steps back from street level.
Internally, the subjects comprise an open plan retail unit with small storage section and hand wash basin to the right-hand side, with basic W/C accommodation also found within this section. The floors throughout consist of a tiled finish, with plastered and painted walls and a plastered and painted ceiling that incorporates off-set spotlights.
Location
The property is situated on Deanhaugh Street, a continuation of Raeburn Place, and is widely considered one of the most desirable streets in Edinburgh’s lively and popular Stockbridge district, approximately half a mile to the north of Edinburgh’s city centre.
More specifically, the premises is situated slightly along on the corner of the B900 junction that interconnects Deanhaugh Street, Haugh Street and Leslie Place. Raeburn Place is further accessed via the continuing road Northwest, whereas Northwest Circus Place, Circus Place and Howe Street are continuations in a south easterly direction.
The area is mixed in nature with primarily commercial occupiers at ground floor level and private residential dwellings above. Nearby commercial occupiers include Radicibus Italian Restaurant, Saorsa Art Gallery, Just Dogs, David Blake Architects, Soderberg and Lloyds Pharmacy.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition. From our measurements taken on site we have calculated the net internal area of the subjects to be in the order of:
25.75 sq m (277 sq ft)
Terms
RENT - Our clients are seeking offers over £16,000 per annum on a Full Repairing and Insuring lease for a negotiable period.
RATES - According to the Scottish Assessors Association website the property has a current rateable value of £8,600 per annum, meaning that any potential occupiers could benefit from 100% rates relief in line with the Small Business Bonus Scheme.
VAT - The prices quoted are exclusive of VAT which may be chargeable.
LEGAL COSTS - Each party will be responsible for their own legal costs.
DATE OF ENTRY - Entry will be available on completion of legal formalities.
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
Specification
- Excellent opportunity for local tenant/business to occupy rare retail premises
- Situated on one of Stockbridge’s most desirable streets
- Excellent visibility with passing pedestrian footfall and vehicular trade
- NIA of 25.75sqm (277sqft)
- Offers over £16,000 per annum (exc. VAT)