The property comprises a ground floor and basement retail premises as part of a larger four storey traditional tenement building, held under a pitched and slated roof. Externally, the property benefits from a full height timber frame and single glazed display window with access being taken through a recessed entrance door.
Internally, the property is laid out to provide an open plan sales area to the front. It is well presented with wooden flooring, solid walls with plaster and paint finish and a plasterboard ceiling, with lighting being provided by pendant down lighters. The ground floor level also provides a back shop which is currently utilised as a staff area. Natural daylighting is provided in the back shop through a single glazed sash and casement timber framed window, which has bars to the outside for security purposes.
The basement is accessed down a staircase and laid out to provide a small storage space with a W/C facility.
Location
The subject property lies within the highly sought after area of Stockbridge, less than a mile north of Edinburgh’s City Centre. The unit lies on Raeburn Place, a busy avenue that links the Stockbridge area to Edinburgh’s vibrant City Centre. The unit is surrounded by various other popular cafes, restaurants, bars and food stores, and is in very close proximity to Inverleith Park and Edinburgh’s Royal Botanic Gardens.
Accommodation
The premises have been measured in accordance with RICS Code of Measuring Practice - 6th Edition. The floor areas are approximately as follows:
NIA 30.38 sq m (327 sq ft)
Terms
RATING ASSESSMENT - From reference to the Scottish Assessors Association website, the subject property is noted to have a rateable value of £XXX This therefore means that potential occupiers could benefit from 100% rates relief in line with the Small Business Bonus Scheme.
LEASE TERMS - We have been instructed to assign the existing leasehold interest, the salient lease terms are as follows:
Lease Start - 1st April 2003
Lease Expiry - 31st March 2023
Rent - £XXX
Repair - Full Repairing and Insuring. Subject to Schedule of Condition
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available to upon request.
VAT - All prices quoted are exclusive of VAT.
GENERAL REMARKS - Our client is seeking a premium for their leasehold interest within the subjects.
LEGAL COSTS - Each party will be responsible for paying their own legal costs incurred in this transaction.
Specification
- Retail unit within the affluent Stockbridge area of Edinburgh
- Densely populated residential catchment surrounded by a busy local community
- Net internal area of 30.38sq m (327 sq ft)
- Offers of £XXX per annum