The subjects comprise the ground and basement floors of a mid-terraced, five-storey and basement tenement building of traditional stone construction. The property benefits from a combination of roof structures, incorporating a flat roof, assumed to be finished in a felt-type covering, and a pitched slate roof.
The premises benefit from prominent display windows fronting St Peter’s Buildings, with roller shutters providing additional security. Internally, the accommodation is arranged with a retail sales area to the front, leading to a back-of-house area accessed via a short flight of steps. The basement level, which benefits from natural light, provides additional accommodation and includes W/C facilities.
Location
The subjects are situated within St Peter’s Buildings, Gilmore place, within the Viewforth area of Edinburgh, close to Polwarth and approximately one mile southwest of the city centre. The surrounding area is a well- stablished and desirable district, popular with both residents and businesses due to its proximity to Bruntsfield, Fountainbridge, and Tollcross.
Viewforth and Polwarth offer a mix of traditional tenement housing and small commercial premises, with a variety of local amenities including cafés, bars, and independent retailers nearby. The area benefits from strong public transport links, providing convenient access to the city centre and wider Edinburgh area, while Harrison Park and the Union Canal are both within easy walking distance.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a Net Internal Basis and is as follows:
Ground Floor - 35.31 sq m (380 sq ft)
Basement 28.77 sq m (310 sq ft)
Total - 64.08 sq m (690 sq ft)
Terms
SERVICES: The subjects benefit from electric, mains drainage and mains water services.
LEASE TERMS: Our clients are seeking offers over £10,500 (Excl of VAT) per annum on a new Full repairing and Insuring lease, for a term to be negotiated.
SALE TERMS: Our clients are seeking offers over £120,000 (Excl. VAT) for the outright purchase of our client’s heritable interest. (Scottish equivalent of Freehold).
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
NON-DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £5,700 per annum.
It should be noted under the terms of the Small Business Bonus Scheme, the property maybe eligible for 100% rates relief.
PROPOSAL: Any proposals to purchase/let should be sent directly to the sole letting/selling agents.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in any transaction.
VAT: All prices quoted are exclusive of VAT which may be chargeable.
Specification
- Suitable for a range of Class 1A uses
- Situated in a popular residential area
- Occupiers may benefit from 100% rates relief
- The premises benefits from high levels of passing vehicular and pedestrian traffic.
- Offers over £10,500 (Excl of VAT) Per Annum
- Offers over £120,000 (Excl of VAT)