The subjects comprise an extensive office/ retail unit which has been refurbished in the recent past and which provides large open plan areas in ground floor with integral flat on the upper floor. The main walls are of solid stone construction (harled externally) and
the roof over multi pitched and overlaid in concrete tiles.
Location
Portobello Road is a well established location approximately 3 miles east of Edinburgh city centre in a mainly residential area.
Portobello Road forms an extension of London Road and lies close to the junction of Willowbrae Road and is the main thoroughfare leading traffic to the east of the city towards Portobello and Musselburgh. As such the subjects are well located, which is further enhanced by the siting of Morrison’s supermarket directly next door, Domino’s Pizzas, Farmer’s Tyres and Browns Opticians.
Accommodation
We calculate the gross internal floor area of the subjects extends to 328.90 Sq M (3,540 Sq Ft) or thereby which currently comprises the following:
Ground Floor
Large extensive open plan area - 257.00 Sq M (2,766 Sq Ft)
First Floor
Incorporating residential areas - 71.90 Sq M (774 Sq Ft)
Total - 328.90 Sq M (3,540 Sq Ft)
Terms
RATEABLE VALUE
The subjects form part of a redevelopment which now encompasses Domino’s Pizzas and as such will require to be reassessed for rating purposes on occupation. Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 6 months of the beginning of the tenancy agreement.
LEASE TERMS
Our clients our willing to enter into a standard FRI lease for a term to be agreed incorporating rent reviews at an initial rent of £XXX per annum excl.
PRICE
On application.
Specification
• Prominent office/retail unit in densely populated residential area
• Established retailing location with surrounding occupiers including Dominos, Morrison’s Supermarket, Farmer Tyres and
Browns Opticians.
• Extends to 328.9 Sq M (3,540 Sq Ft)
• Initial rent £XXX per annum
• Price – on application
• Available immediately