The subjects comprise an extensive retail unit with storage and offices arranged over the ground and first floor of a 2 storey brick/block built property which has been rendered externally. The subjects are end-terraced and are situated on an established tertiary retailing parade.
The ground floor of the subjects comprises a large retailing area which has been partitioned in part to form storage at the rear of the property. The first floor level comprises extensive office and storage accommodation and is accessed via 2 separate stairs from ground floor level, which allows potential for the first floor to be exploited as further retail.
The subjects have vinyl tiled solid floors throughout, under suspended ceilings. The walls are predominately panelled and painted at first floor level and have been racked out with retail type shelving at ground floor level.
The property has a large aluminium framed singled glazed frontage with security shutters and is accessed directly from Crewe Road North.
Location
The subjects are located on the east side of Crewe Road North approximately 50m to the north of Boswall Parkway within the centre of the Pilton district of Edinburgh. The subjects occupy a position on an established tertiary retailing parade within a large local authority housing estate with a large catchment area.
Surrounding occupiers in close proximity include Scotmid, Greggs the bakers, Lindsay and Gilmour pharmacy, and TSB Bank.
Accommodation
We calculate that the subjects extend to approximately 660.44m² (7,109ft²)
Ground Floor - 3,532 sq ft (328.13 sq m)
First Floor - 3,577 sq ft (332.31 sq m)
TOTAL - 7,109 sq ft (660.44 sq m)
Terms
LEASE TERMS
The subjects are offered on a full repairing an insuring basis for a term to be agreed incorporating regular rent reviews at an initial annual rental of £XXX per annum.
RATEABLE VALUE
The Lothian Regional Assessors Department have entered the subjects in the current Valuation Roll at Rateable Value of £XXX The current non-domestic rate being £XXXp exclusive of water rates and sewerage rates.
Please note a new occupier of a property has a right to appeal this rateable value within 6 months of the beginning of the tenancy agreement.
LEGAL COSTS
Each party to bear their own legal costs in the documentation of this transaction, however the ingoing tenant will be liable for any SDLT, Registration Dues and any VAT incurred thereon.
VAT
All prices, rents and outgoings are quoted exclusive but may be liable to VAT.
Specification
- LARGE CATCHMENT AREA
- POPULAR NEIGHBOURHOOD PARADE
- INITIAL RENTAL OF £XXX PER ANNUM
- EXTENDS TO 660.44m² (7,109ft²)