The subjects comprise an attractive 2nd floor office suite that has been recently redecorated and benefits from the following:
- Carpet covered floors
- Fluorescent tube lighting
- Gas fired central heating
- 5 principal office rooms
- Shared tea preparation facilities
- Attractive period features
- Available part furnished if required
Location
The subjects are situated on Palmerston Place within the heart of Edinburgh’s prestigious west end. Numerous shops, cafes, bars and restaurants lie within close proximity. Haymarket Station, located on the express line to Glasgow, lies within a short walk and connects to Edinburgh Waverley from where the Scottish rail network can be easily accessed. Numerous bus services are accessible nearby in addition to a tram halt providing direct connectivity to both Edinburgh Airport and St Andrew Square. Occupiers in the vicinity include, Early Days Nurseries, French Duncan LLP and St Mary’s Episcopal Cathedral.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition and the following net internal area has been calculated:
86 sq m (931 sq ft)
Terms
RATEABLE VALUE: The entire building at 48 Palmerston Place is listed as a single entity on the Scottish Assessor’s Association website and therefore the 2nd floor will require to be reassessed when separately let. It is expected that the level of this assessment will enable eligible occupiers to claim up to 100% rates relief under the Small Business Bonus Scheme. Further details are available at www.saa.gov.uk
LEASE TERMS: The subjects are available on a new full repairing and insuring sublease at a rent of £14,500 plus VAT per annum. The headlease over the property is held by Intercultural Youth Scotland and expires on 31st March 2027.
ENERGY PERFORMANCE: The subjects have an Energy Performance Certificate (EPC) rating of E (64). A copy of the EPC for the subjects is available upon request to the letting agent.
VAT: All prices quoted are exclusive of VAT which maybe chargeable.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction.
Specification
- 86 SQ M (931 SQ FT)
- Attractive period features
- Available part furnished
- Immediate entry available
- £14,500 plus VAT per annum