The property comprises of a retail unit with a double windowed frontage over ground and basement floors with a three storey stone-built tenement building above.
The premises have recently undergone a refurbishment following on from its previous use as Gillespie Convenience Store. The high ceiling and cornicing has been exposed in the front shop area with a former fire place uncovered in the rear shop. The walls have been re-plastered throughout and decorated in preparation for tenant fit-out.
The basement, which is generous in size and benefitting from full head height, is accessed from a staircase to the rear of the premises. There is also a small staff tea prep and WC.
Location
Gillespie Place is a short link road running between Bruntsfield Place and Leven Street. It is directly opposite Bruntsfield Links and is situated approximately 1 mile south of Princes Street in Edinburgh city centre.
The immediate area is predominately commercial in nature with a range of restaurants, bars and retailers in close proximity including Hendersons, The Blackbird, Berger & Stak and Nordic Outdoor. Access to Bruntsfield Links and The Meadows is directly across the street .
There is metered car parking available in the area with regular public transport links nearby too.
Accommodation
According to our recent measurement survey, the subjects comprise the following net internal floor area:
89.75 sq m (966 sq ft)
Terms
RENT
Our client is seeking rental offers in excess of £17,500 per annum to grant a new lease on full, repairing and insuring terms.
Our client may consider offers for their heritable interest with a price quoted on application.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £12,100. The uniform business rate for the current year is £0.48 pence in the pound.
Occupiers may be eligible for rates relief through the small business bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
UTILITIES
The property is metered for mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is F.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs in this transaction with the tenant liable for any Registration Dues or LBTT thereon.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, Allied Surveyors Scotland plc.