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Retail Premises With Class 3 Consent, 21 Argyle Place, Edinburgh, EH9 1JJ

719 Sq Ft / Retail / General Retail

To Let - £15,000.00 per annum

Under Offer - Last updated: 14 July 2020

The subjects comprise a ground floor and basement retail/class 3 premises as part of a larger 4 storey traditional stone built tenement property surmounted by a pitched and slated roof. The subjects benefit from a large single glazed display window to the front with access taken through a timber framed and glazed secure entrance door, offering good natural daylight into the unit itself.

Internally the property is laid out to provide a large open plan sales area to the front constructed by way of a suspended timber floor with linoleum overlay finish and the walls being solid with a plaster and paint finish. The property benefits high ceilings with a decorative cornice.

To the rear of the unit is a large open plan space set up as a commercialised kitchen benefiting from a large stainless steel extractor unit. The walls are solid with a combination of tile and plaster and paint finish dependent on location. Artificial Lighting is provided by way of wall mounted circular fluorescent lights whilst further natural day lighting could be found by a single glazed sash and case window. The flooring is formed of solid concrete with a paint finish.

There is also a W/C facility to the middle of the property being of a basic yet adequate nature with a low level cistern and sink.

The property also benefits from a basement which can be accessed through a floor hatch in the front shop providing further ancillary storage accommodation.

Location

The property is situated on the west side of Argyle Place in a prominent location parallel to Marchmont Road and lying just south of the city centre with the main commercial hub and west end of Princes Street being approximately 1.6 miles away.

Marchmont is a bustling community within itself, and is heavily populated with students, families and young professionals creating a well sought after residential catchment  area. The popular leafy Meadows are only a meer 3 minutes’ walk away from the subjects. The property is ideally located to benefit from high footfall and passing trade from residents on their commuter route or students on their daily travel to the University of Edinburgh Campus which is located less than half a mile away. Argyle Place further benefits from a regular bus service.

Surrounding occupiers include The New Leaf Co-op, Argyle Backpackers, The Argyle and Cellar Bar and The Bicycle Works.

Accommodation

We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition. From our measurements taken on site we have calculated the net internal area of the subjects to be in the order of:

66.86 sqm (719 sq ft).

Terms

RENT - Our clients are seeking offers over £15,000 per annum.

TERMS - Our clients are seeking a lease term of 10 years with a mutual break at years 3 and 5.

RATES - According to the Scottish Assessors Association website the property has a current rateable value of £10,800 per annum, meaning that any potential occupiers could benefit from 100% rates relief in line with the Small Business Bonus Scheme.

VAT - VAT will be charged on all payments due to the landlord.

LEGAL COSTS - Each party will be responsible for their own legal costs.

VIEWING - Strictly by appointment through the sole letting agents.

DATE OF ENTRY - Entry will be available on completion of legal formalities.

ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.

Specification

  • Prominent retail/class 3 unit within Marchmont area of Edinburgh
  • Bustling Student location
  • Property benefits from hot food consent
  • Extending to 66.86 sqm (719 sq ft)
  • Offers over £15,000 per annum.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers over To Let £15,000.00 per annum

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Contact agents

Ross Chinnery

DM Hall

0131 610 0764

Mhairi-Anne Fraser

DM Hall

0131 610 0557



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