The subjects comprise of three office spaces situated on the first floor of a four-storey and attic block with a mixture of café, retail and restaurant units on the ground floor.
Internally, the accommodation benefits from high ceilings, cornicing and 7 large sash and case windows providing plenty of natural light and superb views over the Water of Leith.
Flooring is laminate with perimeter data trunking, a small tea prep and WC just off the entrance area.
Location
Commercial Street is located in Edinburgh’s Leith district approximately 4 miles north-east of Edinburgh city centre. Specifically, it is situated in a popular area known as ‘The Shore’ which enjoys excellent transport connectivity and a wide range of local amenties.
The subjects are contained within an imposing category-B listed building situated on the south side of Commercial Street directly opposite Custom House.
The nearest tram stop is The Shore – a 5 minute walk away – whilst metered parking is available on surrounding streets.
There is a range of cafes, bars and restaurants nearby such as Pizza Geeks, Relish and Victor Hugo Deli whilst office occupiers in the building include: Gilded Balloon, Unique Events and Digital Boutique.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
71.85 sq m (771 sq ft)
Terms
RENT
Our client is seeking rent offers over £XXX per annum to grant a License to Occupy.
TERMS
The premises are available for immediate occupation on a License to Occupy basis with internal repairing and insuring liability. The incoming tenant will be liable for a share of internal repairs regarding the stairs and factoring costs of 4.67% of the overall yearly charge of the building.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects are listed as (1F10) 2 Commercial Street and have a Rateable Value of £XXX effective 1st April 2023. Occupiers may be eligible for 100% rates relief under the Small Business Bonus Scheme. The uniform business rate for the current year is £XXX pence in the pound.
UTILITIES
The property is served by mains gas, electricity and water with the utility costs shared with the adjoining tenant and split on an apportionment basis. The tenant is also responsible for their own unmetered water/waste charges.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is D.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual purchaser liable for any Registration Dues or LBTT thereon.
ANTI-MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due dilligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By contacting the sole letting agent: