The subjects comprise a highly prominent corner Class 1A premises arranged over the ground floor of an end terraced stone-built tenement. Internally, the accommodation comprises a well-proportioned office space & meeting room with a tea preparation area & wc facilities to the rear. The subjects large glazed frontage encourages significant exposure for pedestrians and vehicular passing traffic. Additionally, the return frontage provides tenants with excellent branding opportunities
Location
The subjects are located within the Leith district of Edinburgh, approximately 1.5 miles south east of Edinburgh city centre. More specifically, the subjects are located on the south east side of Leith Walk in a block bounded by Smiths Place to the east and Lorne Street to the west. The property benefits from the new Edinburgh Tram extension, providing a highly efficient transport link between Leith and the City Centre.
Leith Walk represents one of Edinburgh’s busiest secondary retail parades and comprises a complementing mix of retail, café, office & leisure occupiers. There has been extensive investment in the area over recent years with more development plans forecast. The new mixed-use development, located on Halmyre Place, will comprise of 230 student beds, 27 affordable flats and 27 build to rent flats, with ambition to creating an environmentally sustainable, social and affordable housing environment. Neighbouring occupiers include Origano Café, Majestic Wine, Ladbrokes and Urban Jungle Bunch Room.
Accommodation
Premises extend to 65.31 sqm (703 sqft)
Terms
Lease Terms The subjects are offered on a full repairing and insuring basis for a term to be agreed incorporating regular rent reviews.
Rent Offers over £19,500 per annum.
Rateable Value The subjects are entered in the current Valuation Roll at a rateable value of £10,400 which will allow for 100% rates relief subject to the owners/tenants other commercial properties
Prospective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. September 2024
Energy Performance Certificate An Energy Performance Certificate is available upon request.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
Specification
- Located in the heart of Leith Walk, Edinburgh Offers over £19,500 per annum
- Highly prominent corner on bustling secondary retail parade
- Benefits from high levels of footfall and passing traffic
- Premises extend to 65.31 sqm (703 sqft)
- 100% Small Business Rates Relief
- Large glazed frontage for excellent branding opportunities