The premises comprise a ground floor lock up shop within a traditional sandstone tenement building. There is a traditional timber frontage with double display windows.
Internally the unit has an open plan front sales area together with a fitted ambulant disabled toilet to the rear and an additional staffroom and wc compartment.
Location
Piershill is an Edinburgh suburb situated halfway between Meadowbank and Portobello, approximately two miles east of the city centre.
Piersfield Terrace is the main arterial route through the district. Notable occupiers in the area include a Morrisons supermarket, Farmer Autocare and a Machine Mart depot.
The subjects sit on the north side of Piersfield Terrace, opposite its junction with Nrthfield Broadway, within a short terrace of shops. Neighbouring occupiers include Nuchem Pharmacy on one side and a Co-op Funeral Directors on the other.
Accommodation
Ground Floor Net Internal Area: 65.33 sq m (703 sq ft)
Terms
Our clients hold the premises on a full repairing lease that expires at June 2028. The current rent payable is £10,000 per annum.
Our clients seek to assign their interest or sublet on a coterminous basis.
VAT: We understand the property has not been elected for VAT and VAT will therefore not be charged on rent and other outgoings.
Planning: While the property has long been used as a Licensed Bookmakers Office and therefore has a sui generis Planning Consent change of use to Class 1a (shops, financial, professional and other high-street services) is allowed as permitted development.
Rating: From enquiries made at saa.gov.uk, the premises are entered on the current Valuation Roll as follows:
SHOP - NAV/RV - £10,200
With the RV set at this level, qualifying occupiers should be able to apply for the Small Business Bonus Scheme that provides 100% relief on Rates payments, reducing the annual bill to £0.
Energy Performance Certificate: The property has an EPC rating of E.
Entry: Immediately available on conclusion of missives.
Legal Expenses: Each party will meet their own legal expenses. The incoming occupier will be responsible for any Land and Buildings Transaction Tax and Registration Dues that may be payable.