The subjects comprise a double-fronted and double-accessed ground floor and basement retail premises of traditional stone construction, contained within a larger 4 storey building, surmounted by what appears to be a pitched and slated roof. Access to the premises is taken via the double doors at number 31 Buccleuch Street, with a separate, currently closed off entrance way accessible via number 29 to the left-hand side.
Internally, the premises comprises an open plan sales area to the front with small office section and basement access via a set of timber stairs located to the rear. Access is further taken internally via the left-hand side of the shop to a further sales/display area, where a W/C compartment is located to the rear.
Location
The subjects are located on Buccleuch Street, which is situated within the desirably Newington area of Edinburgh. Buccleuch Street itself is mixed in nature with primarily commercial occupiers at ground floor level and what private residential dwellings above.
The premises sits in very close distance to George Square Gardens, multiple Edinburgh University Campus Buildings, The Edinburgh Meadows and Edinburgh’s Old Town, which is a short 5-minute walk away. Further to this, the A7 Road (South Bridge, Nicolson, Clerk Street, Newington Road) runs parallel to Buccleuch Street and is one of the main arterial routes running directly into Edinburgh City’s east end.
Accommodation
140.40 sqm (1,511 sq ft)
Terms
RENT
Our clients are seeking offers over £20,000 per annum on a Full Repairing and Insuring lease for a negotiable period.
NON-DOMESTIC RATES
According to the Scottish Assessors Association website, the property has a current rateable value of £12,500 per annum. This means that some occupiers may benefit from some form of relief in line with the Small Business Bonus Scheme.
VAT
The prices quoted are exclusive of VAT which may be chargeable.
LEGAL COSTS
Each party will be responsible for their own legal costs.
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. For reference, the property has an energy rating of #.
Specification
- Opportunity to occupy excellent premises in one of Edinburgh’s most established areas
- Flexible space suitable for a variety of class 1A uses
- Ample parking available opposite premises on Buccleuch Place
- Easily sub-dividable to create two separate units
- NIA of 140.40sqm (1,511sqft)
- Offers over £20,000 per annum (exc. of VAT)