The subjects comprise a ground floor retail premises contained within a larger 4 storey tenement building of traditional stone construction, surmounted by what appears to be a pitched and slated roof.
Internally, the premises comprises an open plan retail unit, with access via a set of timber stairs that leads down to a good sized basement/storage area that contains a basic W/C compartment.
Flooring at ground level is constructed via suspended timber with a laminate overlay; the walls are stud lined with a plaster and paint finish and the ceiling was noted to be a false tiled finish incorporating recessed anti-glare tube light fittings.
Location
Morningside is an affluent and prestigious suburb in the southside of Edinburgh, with Morningside Road acting as the main thoroughfare link between the city centre and the Edinburgh A702 Bypass, that provides access to the wider Scottish motorway network and various road networks to the south. Morningside is one of the most popular secondary retailing locations within Edinburgh and is located approximately 2 miles from the city centre itself.
More specifically, the unit at 404 sits towards the south-end of Morningside Road, extremely close to the junction where Cluny Gardens, Belhaven Terrace and Comiston Road all meet.
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:
62.94 sq m (677 sq ft)
Terms
RENT - Our clients are seeking offers over £15,000 per annum on a Full Repairing and Insuring lease for a negotiable period.
RATES - According to the Scottish Assessors Association website, the property has a current rateable value of £14,800, with the rateable value due to decrease to £14,700 as of the 1st of April 2023 in line with the nondomestic rates revaluation. This means that any occupier may benefit from some 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.
Specification
- Rarely available retail unit in one of Edinburgh’s most desirable districts
- Benefits from excellent visibility via passing vehicular trade and pedestrian footfall
- Generous sized ground-floor sales/retail space with good basement storage
- NIA of 62.94sqm (677sft)
- Offers over £15,000 per annum (exclusive of VAT)