On hold due to repairs
Location
The subject is situated within the Old Town of Edinburgh close to the junction of Bread St, East Fountainbridge and West Port. New developments such as Edinburgh College of Art and Westport House have added to this location that is famed for the sale of second hand books, local traders, cafes and bars.
Description
The premises comprise a ground floor retail unit with a traditional shop front within a four-storey tenement of stone construction and includes two main sales areas with a tea preparation area and single WC compartment to the rear.
Accommodation
We have measured the accommodation in accordance with the RICS Code of Measuring Practice (6th Edition) and we calculate the Net Internal Area of the premises to be approximately 43.83 sq m (472 sq ft).
Planning
We understand that the property benefits from a Class 1 Shops Use as defined in the Town and Country Planning (Use Classes) (Scotland) Order 1997.
Interested parties should satisfy themselves as to any planning requirements for their proposed use by contacting the Planning Department at Waverley Court, 4 East Market Street, Edinburgh EH8 8BG, on 0131 529 3550 or at planning@edinburgh.gov.uk
Services
Mains drainage, water and electricity are installed and all charges for such services will be the responsibility of the tenant.
Rateable Value
We understand that the subjects have a rateable value of £4,400 with effect from 1 April 2010. Further details on the rateable value, rate poundage and rates payable can be found at www.saa.gov.uk or 0131 344 2500.
EPC The energy efficiency of this property is currently being assessed.
Terms
The premises will be offered on a Full Repairing and Insuring (FRI) lease for a negotiable period of time (minimum 12 months). The Council will insure the structure and the premium will be recovered from the tenant. The tenant will be responsible for contents and all other insurances.
Unit available from July 2016.
Rent
Rental offers in excess of £6,000 per annum exclusive of VAT, Non Domestic Rates and insurance are sought for the subjects.
Fees
In accordance with standard practice, each party will be responsible for their own fees and expenses in connection with the transaction, although the incoming occupier will be responsible for any LBTT (if applicable) and registration dues. The tenant will also be responsible for the Council’s Corporate Property cost of £250 + VAT.