The subjects comprise a ground floor and basement corner retail unit with a large return frontage as part of a larger 4 storey traditional stone built tenement property surmounted by a pitched and slated roof. Access is taken via the double timber doors which are located to the corner of the unit. There is plenty of natural light afforded into the unit by way of timber framed and single glazed windows with the majority of these windows being located on the Royston Terrace frontage.
Internally the subjects are laid out to provide open plan sales/office accommodation to the front with further office accommodation located to the left hand side of the unit. There is also a vault within the property which is currently used as storage and a small tea preparation area to the rear.
Access to the basement is via a timber staircase and is laid out to provide further ancillary storage accommodation which is of a basic yet adequate nature. There is also a wc located down at this level.
Location
The property is located on Montagu Terrace which forms part of Inverleith Row and lies just to the south of Ferry Road, which is one of the main thoroughfares into and out of the city. More specifically the subjects lie on the corner of Montagu Terrace and Royston Terrace, with the subjects being located in close proximity to the Golden Acre playing fields.
The subjects lie within a secondary retailing parade of other local occupiers for example a hairdresser’s, Tax Assist Accountants, a local convenience store, café’s and many more.
Accommodation
The property has been measured in accordance with the RICS Code of Measuring Practice – 6th Edition on a net internal area basis and is as follows: -
Ground floor:- 94.5 sq m (1,018 sq ft)
Basement: - 37.8 sq m (406 sq ft)
Total:- 132.3 sq m (1,424 sq ft)
Terms
RATEABLE VALUE: According to the Scottish Assessors Association website the property has a current rateable value of £XXX This therefore means that any potential occupier could benefit from 100% rates relief in line with the small business bonus scheme.
RENT: Offers over £XXX per annum are sought on a full repairing and insuring lease for a negotiable period.
PRICE: Further information on the price of the unit can be given upon application.
DATE OF ENTRY: Upon completion of legal formalities.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) is available upon request.
VIEWING: Strictly by arrangement with the letting agents. VAT: All prices quoted are exclusive of VAT.
LEGAL EXPENSE: Each party will be responsible for the payment of their own legal costs in this transaction. The purchaser will be responsible for any LBTT, registration dues and VAT included theron.
Specification
- Corner Unit with large return frontage offering good visibility.
- Located within good secondary retailing parade with other occupiers being of a local covenant nature.
- Property benefits from great transport links and passing trade
- Arranged over ground and basement floors
- NIA 132.3 sq m (1,424 sq ft)
- Offers over £XXX per annum.