The subjects comprise a ground floor and basement mid terraced retail unit as part of a larger 4 storey traditional stone built tenement building surmounted by a pitched and slated roof.
The subjects benefit from a full height display window and access can be taken through the right hand side via recessed aluminium framed and glazed entrance door which offers the property good visibility from the street.
Internally the subjects are laid out to provide and open plan sales area which is well presented and constructed by way of suspended timber flooring, with laminate overlay finish, the walls area mix of solid and stud with artificial lighting by way of integrated spot lights. There is also a back shop at ground floor level which offers a small tea preparation area and artificial lighting is by fluorescent strip.
The basement is accessed via a solid staircase to the rear and is laid out to provide further ancillary storage accommodation as well as a wc facility. The main storage area runs approx. the length of the front shop above and is on suspended timber floor with floor boarding, the walls being a mixture of solid and stud and lighting by fluorescent strip.
Location
The subjects are located on the east side of Morningside Road in the affluent and well sought after Morningside area of Edinburgh. The area itself is a very popular part of Edinburgh and is mixed in nature primarily with commercial units at ground floor level and residential dwellings occupying the above tenements.
The subjects benefit from a high volume of pedestrian footfall and passing trade with a number of bus routes going through Morningside Road itself. More specifically the subject are located directly opposite the large Marks & Spencers and Superdrug, as well as lying adjacent to the Boots Pharmacy and many other local and national operators in the vicinity. All of which ensures that the subject property is in one of the prime pitches on Morningside Road
Accommodation
The property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition. From our measurements taken on site we have calculated the net internal area of the subjects to be in the order of :
Ground floor – 36.74 sq m ( 395 sq ft)
Basement – 40.19 sq m ( 432 sq ft)
Total – 76.93 sq m ( 828 sq ft)
Terms
LEASE TERMS: Our client may consider leasing the property on a full repairing and insuring lease and further information on this can be given from the sole marketing agent.
SALE PRICE: Offers over £240,000 are sought for our clients heritable interest in the property.
RATEABLE VALUE: According to the Scottish Assessors Association website the property has a current rateable value of £15,600, meaning that any potential occupier could benefit from up to 25% rates relief in line with the Small Business Bonus Scheme.
DATE OF ENTRY: Upon completion of formal legal missives.
ENERGY PERFORMANCE: The EPC will be available upon request.
VIEWING: Strictly by arrangement with the sole selling/letting agents
VAT: All prices are quoted exclusive of VAT of which maybe chargeable.
LEGAL EXPENSE: Each party will be responsible for the payment of their own legal costs in this transaction. The purchaser/tenant will be responsible for any LBTT, registration dues and VAT included theron.
Specification
- Prominent retail unit within sought after Morningside Road location
- Prime pitch with numerous local and national operators in the close vicinity
- Subjects benefit from full height display window
- Great transport links, with high footfall and passing trade
- Net internal area 76.93 sq m (828 sq ft)
- Offers over £240,000 are invited