The subjects comprise a ground floor office/retail unit forming part of a larger 3 storey stone built premises surmounted by a pitched and slated roof. The property appears to be of only a 2 storey nature from the front elevation however there is also a residential dwelling situated beneath the shop/office unit to the rear. The unit itself also has a single storey protrusion out from the main stone building, with this section being under a flat roof with a bituminous felt or similar type covering.
The subjects benefit from a large display window to the front and a further single glazed timber framed sash and case window to the right hand side, with the main entrance into the unit being taken through a recessed and centrally located timber framed and glazed door.
Internally the subjects are laid out to provide an open plan main office/ sales area to the front which is presented in a good condition and is constructed by way of suspended timber floors, with a laminate overlay finish, the walls are a mixture of solid and stud with paint finish and artificial lighting is provided by hanging pendants. Natural daylight is afforded into this section via the afore mentioned windows as well as a further sash case single glazed window to the side elevation.
The back shop is laid out to provide a tea preparation area and wc facility. Further natural daylight comes through another sash and case window on the side elevation. The wc provides a low level cistern and sink
Location
The property is situated on the south west side of Ashley Terrace a continuation of Shandon Place, meeting the main arterial routes of Slateford Road (A70) to the north most side and Colinton Road to the south most.
Ashley Terrace is situated in the Shandon area of Edinburgh, a short distance from Polworth and Merchiston, being approximately 2 miles to the south east of the city centre.
The subjects themselves lie within a parade of other similar style retail units being let out to local covenants including a dog grooming shop, barber shop, an art gallery, as well as other cafés and local operators
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: -
48.72 sq m ( 524 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: Given this is an assignation we are seeking a new tenant to take over the current and existing lease. Therefore any proposals need to adhere to the current full repairing and insuring lease obligations. (a copy of which can be provided upon request)
Passing rent: 01/09/2020 - 30/08/2021 - £XXX
01/09/2021 - 30/08/2022 - £XXX
01/09/2022 - 30/08/2024 - £XXX
There is just under 4 years of the current lease remaining with lease expiry on the 30/08/2024. The stepped rental was agreed at the last rent review in 2018 with the rents as noted above.
DATE OF ENTRY: Upon completion of legal formalities.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) is available upon request. The current rating is G.
VIEWING: Strictly by arrangement with the sole 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.
Specification
- Prominent office/retail unit with good display window and centrally located access door.
- Situated in a parade of other similar style units
- Property benefits from good transport links and passing trade
- Arranged over ground floor being well presented throughout
- NIA 48.72 sq m (524 sq ft)
- Lease available with approximately 4 years remaining at a current passing rent of £XXX per annum