The subjects comprise a Class 1A retail unit arranged over the upper ground floor of a traditional four storey and basement mid terraced tenement. The property benefits from a unique double display frontage. It has recently undergone a fully comprehensive refurbishment including re-wiring, new electric radiators, new flooring, new kitchen and freshly decorated throughout.
The property is arranged to provide a large open plan retail space linking into a smaller rear room with kitchen facilities. There is a single WC.
Location
Edinburgh, a UNESCO world heritage city and Scotland's capital, is located approximately 400 miles north of London and 45 miles east of Glasgow. It is a key political, legal and judicial centre and the second largest financial centre in the UK. The city has a population of approximately 525,000 and a regional catchment of around 1.6 million people. Edinburgh has a diverse economy with more FTSE 100 companies located there than any other city in the UK outside of London.
The property is situated within the highly desirable Stockbridge area of Edinburgh, renowned for its independent retailers, artisan cafes, creative occupiers and numerous bars and restaurants. St Stephen Street is a short walk from Edinburgh city centre and Raeburn Place.
There is a vibrant mix of residential and commercial occupiers, making this one of the most sought-after parades in the city. Nearby occupiers include Starbucks, The Bailie, Purslane, Cullertons and The Avery.
Accommodation
Upper Ground Floor: 46.50 sq m (501 sq ft)
Terms
Lease Terms: The property is available on full repairing and insuring (FRI) terms for a minimum of 5 years.
Rent: Offers of £25,000 per annum. No VAT is payable on the rent.
Rateable Value: The current rateable value is £11,900. Subject to the occupier satisfying the relevant criteria, the property may benefit from 100% small business rates relief, potentially resulting in no business rates being payable.
Date of Entry: By arrangement.
Legal Costs: Each party shall be responsible for their own legal costs. The ingoing tenant shall be responsible for any registration dues, Land and Buildings Transaction Tax (LBTT) and any VAT payable thereon.
EPC: The property has an EPC of B.
Specification
- ATTRACTIVE CLASS 1A RETAIL UNIT IN BUSTLING STOCKBRIDGE
- FULLY REFURBISHED & IN MOVE IN CONDITION
- RARELY AVAILABLE AND HIGHLY SOUGHT AFTER LOCATION
- MAY BENEFIT FROM 100% SMALL BUSINESS RATES RELIEF
- NET INTERNAL AREA 46.50 SQM (501 SQFT)
- RENTAL OFFERS OF £25,000 PER ANNUM