The property comprises the ground and basement of a four storey and basement traditional end terraced traditional tenement block of 600mm sandstone construction and pointed externally with an art-deco frontage.
The subjects have recently traded as a post office and internally comprise a large front shop retail area with storage to the rear of the property. The front shop accommodation has plastered and painted walls with a suspended ceiling over a predominantly carpet covered suspended timber floor.
The basement accommodation is accessed via a stair from ground floor level and consists of WC facilities and general storage. The basement predominantly has lined concrete floors and painted brick walls and benefits from a fire escape to the rear.
Location
Edinburgh is Scotland’s capital city situated on the banks of the Firth of Forth within Midlothian, located approximately 60 miles to the south of Dundee and approximately 50 miles to the east of Glasgow.
The subjects occupy a position on the east side of South Clerk Street close to the corner of Bernard Terrace to the north and the junction with Lutton Place to the south. The property is located on major arterial route through Edinburgh on a well established secondary retail area within the primarily residential affluent area of Newington. The area is popular with students and is situated close to Edinburgh University and the Meadows. Sounding commercial occupiers in close proximity
include Sainsbury’s Local, Papa Johns, Southern Bar and a mix of local occupiers.
Accommodation
We calculate that the subjects extend to 1,720ft² (159.82m²), comprised of the following approximate net internal areas:
Ground Floor: 1,104 sq ft (102.6 sq m)
Basement: 616 sq ft (57.22 sq m)
Terms
LEASE TERMS
Our Client is seeking an initial rental of £25,000 per annum on a Full Repairing and insuring basis for a term to be agreed.
RATEABLE VALUE
The subjects are entered into the current Valuation Roll at a rateable value of £16,600. At the time of publication the non-domestic rate is 47.1 pence exclusive of water and sewerage, resulting in a rates payable figure currently equating to £7,817.
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. The incoming tenant will be liable for any SDLT, Registration dues and VAT incurred thereon.
VAT
All prices, rents and outgoings are quoted exclusive but may be liable to VAT.
ENTRY
By mutual arrangement.
ENERGY PERFORMANCE CERTIFICATE
The subjects have an energy performance rating of `F’. A copy of the energy performance certificate is available upon request.
Specification
- Large Class 1 retail unit
- Major arterial route through Edinburgh
- High levels of footfall and passing trade
- Close to University