291 - 293, Easter Road, Edinburgh, EH11

Location

The subjects occupy a prominent corner position on the west side of Easter Road within the Leith district of Edinburgh. This vibrant location is situated approximately 1.5 miles northeast of the City Centre and benefits from a variety of key transportation links & amenities in close proximity. Easter Road forms one of Edinburgh-s busiest secondary retail locations whilst also representing a major arterial route carrying large volumes of vehicular & pedestrian traffic in and out of Edinburgh-s City Centre.

The surrounding neighbourhood offers a mix of residential and commercial occupiers, notably including Lidl, Londis, Tesco Extra and a variety of cafes.

Description

The premises comprises a multi-windowed former public house premises arranged over the ground and basement floors of a traditional 4 storey, end terraced tenement building. Internally the subjects are currently in basic shell condition however, extensive renovation works are scheduled to install a new ceiling, lined walls, W.C facilities and windows. The premises would be suitable for a variety of retail, caf, professional services or leisure uses, subject to obtaining necessary planning consents.

Lease terms

The subjects are being offered on a full repairing and insuring basis for a term to be agreed incorporating regular rent reviews at offers over £25,000 per annum.

Rateable value

The subjects are entered in the current Valuation Roll at a rateable value of £15,700 which will result in net annual rates payable of £7,819.

Please note, a new owner or occupier of a commercial property has the right to appeal this rateable value within 6 months of the beginning of the tenancy.