The subjects comprise a single windowed retail property which was previously utilized as a beauty salon. The front shop has a suspended tiled ceiling incorporating fluorescent/ down lighters, plastered and painted walls and suspended timber floors covered with laminate sheeting. The back shop has been partitioned to provide a storage area and tea prep area. Adjacent is a small WC.
Access to the basement is through a floor hatch in the back shop.
Location
The property is situated on the east side of Montagu Terrace, part of Inverleith Row thoroughfare in the ‘Goldenacre’ district of the City of Edinburgh approximately 1.25 miles to the north of Princess Street. Montagu Terrace is an affluent residential area well served by the public transport system. This is also a good local shopping parade with other occupiers in close proximity that include Bank of Scotland, Marie Curie and a number of individual traders.
Accommodation
We calculate the net internal area of the subjects extends to approximately 73.89 Sq M (794 Sq Ft) or thereby, which comprises the following:
Ground Floor
Front Shop - 27.03 Sq M (290 Sq Ft)
Back Shop - 17.46 Sq M (188 Sq Ft)
Lower Ground Floor
Storage - 29.40 Sq M (316 Sq Ft)
Total - 73.89 Sq M (794 Sq Ft)
Terms
RATEABLE VALUE
The Lothian Regional Assessors’ Department have entered the subjects in the current Valuation Roll at a rateable value of £6,600 per annum, the current non-domestic rate being 45.0 pence exclusive of water rates and sewage rates. Please note, a new tenant or occupier of this property has a right to appeal this rateable value within 6 months of the beginning of the tenancy
agreement.
LEASE TERMS
Our clients are willing to enter into a standard full repairing and insuring lease for a term to be agreed at an initial rental of £8,000 per annum.
SALE TERMS
Our clients is seeking offers over £80,000 for the freehold interest in the subject property.
Specification
• Class 1 retail premises
• Extends to approximately 794 Sq Ft
• Initial rental of £8,000 per annum
• For freehold interest offers over £80,000
• Available immediately