** CLOSING DATE: WEDNESDAY 19th AUGUST 2020 at 12 noon **
The subjects comprise a single storey mid-terraced retail unit, with double bay window frontage in a highly visible location. The unit has been used as an upholsterers for a number of years but it is suitable for a variety of uses.
Internally the unit is open plan, with a back shop/store. The unit benefits from high ceilings, with lighting provided by local LED downlighters suspended across the shop floor.
While the property has Class 1 Retail consent at present, the property could be utilised for a variety of uses, subject to discussions with the Planning Authority.
Location
The subjects are situated on the east side of Newington road, close to the junction of East Preston Street, with Newington Road linking to South Clerk Steet and Nicolson Street, creating part of the major thoroughfare (A701) into Edinburgh’s city centre from the south linking to Edinburgh City Bypass and beyond.
Newington Road is mixed in character with a mixture of commercial occupiers primarily at ground floor level with residential flats above. The street is full of many national and local occupiers as well as bars and restaurants. There are numerous students and young professionals in the area due to its close proximity to Edinburgh University as well as major office blocks such as the large Scottish Widows building in the not too far vicinity.
Nearby occupiers include The Refillery Ethical Goodstore, SouthPour and Salon 56 Newington.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition on a net internal area basis in the order of: NIA: 43 sqm (463 sqft)
Terms
SALE
Our client is selling the vacant possession freehold of the shop unit. Offers over £XXX are invited, and should be submitted to the selling agents in the first instance.
RATES
According to the Scottish Assessors Association website the property has a current rateable value of £XXX per annum, meaning that any potential occupiers could benefit from 100% rates relief in line with the Small Business Bonus Scheme.
LEGAL COSTS
Each party will be responsible for their own legal costs.
DATE OF ENTRY:
On conclusion of sale
ENERGY PERFORMANCE:
A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
Specification
- Prominent retail opportunity on busy thoroughfare
- Full height double display windows offering great visibility
- Benefitting from great public transport links
- NIA 43 sq m (463 sq ft)
- Offers over £XXX