The subject property is located on the ground floor of a 4 storey and attic, mid terraced traditional period stone built tenement block under a pitched and slated roof with dormer extensions.
The property presents an attractive and affordable proposition for an occupier wishing to locate within a popular tourist district and internally comprises a front shop main sales area with a partitioned back shop/office and WC accommodation. The front shop has a suspended timber floor with plasterboarded and painted walls under a suspended ceiling with inlaid diffused fluorescent strip light fitments. The back shop is similarly fitted with the additions of a stainless steel sink to the rear. The WC accommodation has a vinyl covered suspended timber floor with a ceramic WC and stainless steel sink.
Location
The subjects are located on the east side of Blackfriars Street within the heart of Edinburgh’s world famous Old Town. The subjects are situated in the block bounded by New Skinner’s Close to the south the world famous Royal Mile to the north. Blackfriars Street forms a thoroughfare between the Royal Mile to the north and the Cowgate to the south and is located within a popular tourist area of Edinburgh and benefits from high levels of passing footfall from the Royal Mile.
Occupiers in close proximity include Highland Explorer Tours and Edinburgh Larder.
Accommodation
We calculate that the net internal area of the subjects extends to approximately 40.69 m² (438 ft²) comprising the following:
Ground Floor
Front shop retail sales - 330 sq ft (30.64 sq m)
Back shop/office - 76 sq ft (7.04 sq m)
WC - 32 sq ft (3.01 sq m)
TOTAL - 438 sq ft (40.69 sq m)
Terms
RATEABLE VALUE The Lothian Regional Assessors’ Department has entered the subjects in the current Valuation Roll at a rateable value of £6,900 per annum.
At the time of publication the non-domestic rate is 47.1 pence exclusive of water and sewerage rates.
As such the subjects qualify for 100% Rates Relief under the Scottish Small Business Rates Relief Scheme. Further details are available from the sole letting agent.
LEASE TERMS
The subjects are currently held on licence expiring July 2019 at a rental of £10,000 per annum exclusive of VAT. Further details are available from the sole letting agent.
LEGAL COSTS
Each party to bear their own legal costs in the documentation of this transaction.
VAT
All prices, rents and outgoings are quoted exclusive but may be liable to VAT. It is our understanding that the property is elected for VAT.
ENERGY PERFORMANCE CERTIFICATE
The subjects have a current Energy Performance Certificate rating of F+. Further details are available from the sole letting agent.
ENTRY
By mutual agreement.
Specification
- Central Old Town location
- High levels of footfall
- £10,000 per annum
- Qualifies for 100% Rates Relief
- Available Immediately