The premises comprise an in-store concession unit situated in an extremely busy part of the store, behind the tills, and positioned between Max Spielmann and Asda Opticians. Other occupiers within the Asda store include Subway, Timpson, Post Office, Asda Kitchen, Asda Pharmacy and Sushi Daily.
Location
Asda, The Jewel, is located to the south east of Edinburgh City Centre, just off the Jewel roundabout, on the A1. The store occupies an extremely visible and high profile location.
The store extends to approximately 135,000 sq ft and has circa 800 car parking spaces. The store has been extensively refurbished over the last couple of years and presents exceptionally well.
In the immediate vicinity of the store, other significant occupiers include Carpetright, DFS, The Range and Costa Coffee. Also located a short distance away is Fort Kinnaird Retail Park, the second largest shopping park in the UK.
Accommodation
The premises provide the following approximate accommodation:
Floor Area - 102.9 sq m (1,108 sq ft)
Terms
RATING - We understand from the local Assessors Department that the subjects are currently entered in the Valuation Roll as follows:
Rateable Value: £45,400
Uniform Business Rate (2022/23): £0.498
EPC - Available on request.
TENURE - Concession Licence Agreement - terms available on application.
LICENCE FEE - The guide rent is £27,500 per annum. The tenant will also be liable for a contribution towards service charge and utilities. Further details on application.
LEGAL EXPENSES - Each party will bear their own legal expenses incurred in connection with this transaction.
VAT - All prices are quoted exclusive of VAT.