• Attractive commercial space in Newhaven
• Would suit a small office (subject to consent)
• Close to the Shore and Ocean Terminal
• Qualifies for 100% rates relief
• 20 sq m (215 sq ft)
DESCRIPTION
The subjects comprise a ground floor unit forming part of a four storey traditional tenement.
It is open plan and of a regular shape with a tea prep, WC and store cupboard to the rear. It benefits from having high ceilings (3.3m floor to ceiling height) and has a dual windowed frontage providing plenty of natural daylight.
Security is provided by an electrically operated roller shutter door.
Location
Lindsay Road is situated in north Edinburgh in the Newhaven district of the city, approximately 3 miles from Princes Street.
The popular Shore area and Ocean Terminal shopping centre are both only a short distance away providing an extensive range of retail, leisure and hospitality facilities.
The area is well served by frequent bus services and there is unrestricted parking in the nearby streets. Public transport connections are due to be enhanced further with the Newhaven tram extension (2023).
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
20 sq m (215 sq ft)
Terms
RENT
Our client is seeking £450 per calendar month (£5,400 per annum) to grant a new lease.
LEASE TERMS
The subjects are made available on the basis of a new full repairing and insuring (FRI) lease for a term to be negotiated.
Specification
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £2,550 effective 1st April 2017. The uniform business rate for the current year is £0.49 pence in the pound.
Occupiers may be eligible for 100% 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 served by mains electricity and water.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
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.