The property comprises double windowed retail premises on the ground floor with a rear internal staircase providing access to an extensive basement which provides additional retail floor space as well as storage and staff accommodation.
Floor coverings are installed throughout and lighting is from a mix of spot, fluorescent and pendant fittings.
Location
William Street is situated in the heart of the West End of the City of Edinburgh approximately one half mile to the West end of Princes Street, Scotland’s premier shopping thoroughfare. It is accessible from Stafford street which runs in a Northerly direction from Shandwick Place which is well served by the tram and bus networks.
The property is located on the South side of the street, which is one-way in a Westerly direction where niche retailers are situated, including Brass & Copper, Marco Pells, Sam Thomas and Birrell Rainford opticians. There are a number of food and drink concerns in the immediate vicinity including the Melville Bar, Teuchters, and Nikki’s Sandwich shop.
Accommodation
The useable floor areas are approximately as follows:-
Ground floor 31.40 sqm ( 338 sqft)
Basement 138.74 sqm (1493 sqft)
Terms
ASSESSMENT
The property is currently entered in the Valuation Roll as follows:-
Shop Rateable Value £14,200
In terms of the Small Business Bonus Scheme, property with a Rateable Value of £18,000 or less can qualify for business rates relief of 25% however further detailed information can be obtained from the Scottish Government website www.scotland.gov.uk/business rates.
LEASE TERMS
The subjects are available on normal full repairing and insuring lease terms for a period open to negotiation and which will include for the provision of rent reviews at regular intervals.
RENT
Offers in the region of £15,000 per annum are invited.
ENERGY PERFORMANCE
The property has an energy performance rating - category C +
Specification
- Good ‘West End’ location
- Basement suitable for Sales and storage