The subjects comprise a ground floor retail premises of traditional stone built construction contained within a larger 4 storey premises, surmounted by what appears to be a pitched and slated roof. The premises benefits from an aluminium framed and single glazed frontage and display, with access taken to the premises taken via a recessed pedestrian entrance.
Internally, the premises comprises open plan retail accommodation with further rear sales/storage space and a small office/staff section. Access to the basement is taken via a set of timber stairs, with the basement encompassing further storage space and a basic W/C compartment.
Location
The subjects are located on the western side of South Clerk Street, directly opposite the junction for Lutton Place, within the Newington district of Edinburgh. The A7/A701 of which South Clerk Street, Clerk Street and Newington Road all form a part of, is one of the main arterial routes from the southside of the city to the city centre.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition on a Net Internal Area basis in the order of:
NIA: 77.97 sq m (839 sq ft)
Terms
LEASE TERMS - Our client is seeking offers over £16,000 per annum (exc. of VAT) on a new Full Repairing and Insuring lease for a term to be agreed.
RATEABLE VALUE - According to the Scottish Assessors Association website, the property has a rateable value of £12,000 per annum, meaning any potential occupier may benefit from 100% rates relief in line with the Small Business Bonus Scheme.
ENERGY PERFORMANCE CERTIFICATE - The property has an EPC rating of F. The certificate is available to interested parties on request.
LEGAL COSTS - Each party shall bear their own legal costs in connection with the transaction.
VAT - Please note, VAT may be applicable unless stated otherwise.
DATE OF ENTRY - Entry will be available on completion of legal formalities.
Specification
- Opportunity to occupy rarely available retail premises in Edinburgh’s Newington district
- Benefits from excellent visibility via passing pedestrian footfall and vehicular trade
- Great commercial, residential and student catchment area
- NIA of 77.97sqm (839sqft)
- Excellent rent free incentives available for in-coming tenants
- Offers over £16,000 per annum (exc. of VAT)