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Retail Premises With Basement, 79 Morningside Road, Edinburgh, EH10 4HY

758 Sq Ft / Retail / General Retail

Sold - Last updated: 19 April 2021

The property consists of a ground floor and basement mid-terraced grade B listed retail unit as part of a larger 4 storey traditional tenement building of stone construction, surmounted by a pitched and slated roof. The subjects benefit from a full height timber framed and single glazed display window to the front that affords good natural light into the premises, with access to the unit taken through a timber framed and single glazed recessed entrance door.

Internally, the subjects are laid out on the ground floor to provide an open plan sales area with a timber staircase to the rear of the shop that provides access to the basement. A temporary mezzanine is also present above the main sales area that is accessed by way of a steep timber staircase to the rear. The main sales area is constructed by way of a suspended timber floor with a paint overlay, plaster and painted walls and a plaster and painted ceiling with original feature cornicing. Artificial lighting through is provided via pendant lights to the front and recessed ceiling spotlights to the rear. A single glazed window is found to the rear right of the unit providing further natural lighting.

The basement offers good access and excellent storage and consists of a solid floor with a part paint overlay, chipboard covered stud walls and a further plaster and painted ceiling, with lighting being provided again via recessed ceiling spotlights. A small kitchenette with base mounted units and basic W/C accommodation is also present to the rear of the basement.

Location

The subjects are located on the east side of Morningside Road in the affluent Morningside area of Edinburgh. The area itself is a popular part of Edinburgh and is of mixed nature with primarily commercial units at ground level and residential flats occupying the above tenements. Morningside benefits from a large catchment area within the south west of Edinburgh such as Bruntsfield, Merchiston, Newington and Fountainbridge.

The subjects benefit from a high volume of pedestrian footfall and passing trade with great transport links, with a number of bus routes going through Morningside Road. Commercial occupiers in close proximity to 79 Morningside Road are a mix of both national and local operators including Round Square Coffee, Hamptons Hairdressing, Morningside Podiatry and Studio One and Cancer Research UK.

Accommodation

We have measured the property 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: 38.22 sqm (411.40 sqft)

Basement: 32.25 sqm (347.14 sqft)

Total: 70.47 sqm (758.44 sqft)

Terms

TERMS: Our clients are seeking offers over £XXX per annum on a Full Repairing and Insuring lease for a negotiable period.

SALE: Price available upon request.

RATEABLE VALUE: According to the Scottish Assessors Association website the property has a current rateable value of £XXX meaning that any potential occupiers could benefit from 100% rates relief in line with the Small Business Bonus Scheme.

ENERGY PERFORMANCE CERTIFICATE: EPC available upon request.

LEGAL COSTS: Each party will be responsible for their own legal costs incurred in the transaction. Land and Buildings Transaction Tax is the responsibility of the incoming tenant in the normal manner.

VAT: All prices rents and premiums are quoted exclusive of VAT.

VIEWING: Strictly by appointment through the sole letting/selling agents.

DATE OF ENTRY: Entry will be available on completion of legal formalities.

Specification

  • Attractive Grade B Listed Retail Unit on Morningside Road
  • Benefits from Highly Visible Display Frontage
  • NIA: 70.46 sqm (758 sqft)
  • Offers over £XXX per annum 


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