The subjects occupy the ground and basement floors, an ‘office/retail’ unit forming part of a traditional stone-built tenement block with residential dwellings above.
Internally, the unit is an ideal space, with high ceilings, good layout and a usable basement space with natural light to part. The ground floor front area is a regular shaped open plan reception/retail area with full glass frontage and windows to the rear. The space is long and wide and would be suitable for various types of businesses.
The basement has been sectioned off into at least four good sized treatment/private rooms with the addition of two large storage cupboards, and a WC. There is also a fire exit
The subjects would be suitable premises for office occupiers, beauticians, tattooists, therapists, physios, or any retail business, it could be a food outlet subject to a change of use and the correct planning procedures being in place.
Location
The subject premises are in Cadzow Place which forms part of London Road (A1) in the Abbeyhill/Meadowbank area of Edinburgh, just 1.3km from Princes Street. The unit is located centrally in a busy parade of retail units between the adjoining Montrose Terrace to the west and Abbey Lane to the east. The subjects are a short walk away from Holyrood Palace/The Royal Mile, Easter Road, Leith Walk, Meadowbank Retail Park and Meadowbank Stadium.
Cadzow Place (London Road) is a prime mixed-use area which is a bustling and thriving community with a combination of national retailers, artisans with cafés and bars. There are excellent public transport links serving the city centre with a bus stop located directly opposite the premises giving access to and from all parts of the city.
Accommodation
According to our recent measurement survey the premises contain the following approximate internal area:
Ground Floor 64 sq. m. (693 sq. ft.)
Basement Floor 45 sq. m. (484 sq. ft.)
Total 109 sq. m. (1,173 sq. ft.)
Terms
RENT - We are seeking a rent of £24,000 per annum
The property is being offered on a leasehold basis with a lease term for a minimum of 5 years or more on a Full, Repairing and Insuring basis.
RATEABLE VALUE - According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a Rateable Value of £9,800. The uniform business rate for the current year is 49 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.
UTILTIES - The properties are served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE - The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
LEGAL COSTS - Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.
ENTRY - Upon completion of a formal missive under Scots Law.
EPC rating - The Energy Performance Certifi-cate rating is Pending.