* Attractive retail investment let until 29th June 2024
* Close to thriving Bruntsfield area
* Established convenience store operator
* Offers Over £XXX
The property comprises of a retail unit with a glazed frontage over ground and basement floors with a three storey stone-built tenement building above.
The premises are currently trading as Gillespie Convenience Store with the front and back shop offering traditional convenience store goods such as newspapers, magazines and confectionery. There is a staff tea prep just off the principal shop area with a set of stairs in the rear shop leading to the basement. There is an ATM machine but we understand this does not form part of our client’s heritable interests.
The basement is a generous size, dry and useable. There is a further tea prep area and a staff WC.
Location
Gillespie Place is a short link road running between Bruntsfield Place and Leven Street. It is directly opposite Bruntsfield Links and is situated approximately 1 mile south of Princes Street in Edinburgh city centre.
The immediate area is predominately commercial in nature with a range of restaurants, bars and retailers in close proximity. Access to Bruntsfield Links and The Meadows is across the street and Tom Kitchin’s new restaurant is opening only a few doors away.
There is metered car parking available in the area with regular public transport links nearby too.
Accommodation
According to our recent measurement survey, the subjects comprise the following net internal floor area:
67.07 sq m (722 sq ft)
Terms
Offers Over £XXX are invited for our client’s heritable interests in the subjects.
Specification
TENANCY DETAILS
The subjects are currently held on a Full Repairing and Insuring Lease which runs to 29th June 2024. Under the terms of the Lease the passing rent of £XXX per annum is due to be reviewed as at 29th June 2020.
A copy of the lease can be provided to interested parties on request.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £XXX The uniform business rate for the current year is £XXX pence in the pound.
Occupiers may be eligible for 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 metered for mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is F.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs in this transaction with the purchaser liable for any Registration Dues or LBTT thereon.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, Allied Surveyors Scotland plc.
ENTRY
Upon completion of a formal missive under Scots Law.