The subjects comprise a modern open plan office forming the ground floor of a residential block of apartments. The accommodation benefits from the following specification:
- Private meeting room
- Raised access floor
- LED lighting throughout
- Cat5e data cabling with comms cabinet
- Kitchen
- DDA compliant WC
In addition, directly outside the premises is a disabled parking space and there are additional metered spaces nearby.
Location
Hopetoun Street is located to the north of Edinburgh city centre, approximately one mile from Waverley Station and in close proximity to Elm Row and Leith Walk.
The subjects are positioned to take advantage of the city’s public transport connectivity and benefit from a large variety of amenity nearby. The new McDonald Road tram is only a short walk from the premises.
The area is of mixed use with a high concentration of new build residential in the vicinity.
Nearby commercial occupiers include Headquarters of Lothian Buses, Thorley Stephenson Solicitors, Cairn Housing Association and Capital Solutions.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
71 sq m (764 sq ft)
Terms
RENT
Our client is seeking rental offers over £XXX per annum to grant a new lease.
The ingoing tenant will be liable for the quarterly Factor fees and broadband.
VAT
VAT will be applicable in addition at the prevailing rate.
LEASE TERMS
The subjects are made available on flexible lease terms for a minimum period of 12 months.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £XXX effective 1st April 2023. The uniform business rate for the current year is £XXX pence in the pound.
Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £XXX or less.
UTILITIES
The property is served by mains gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
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.