7-9 Grove Street comprises a ground floor retail unit which forms part of a traditional four storey and attic stone built tenement building surmounted by a pitched and slated roof. The property is a prominent mid terrace unit which benefits from three large timber and glazed display windows. Access to the property is gained via a recessed timber framed and glazed entrance door.
Internally, the property is currently laid out to provide reception/nail salon to the front, three treatment rooms, staff kitchen, staff w/c and store.
Location
The subjects lie within the highly sought after West End area of Edinburgh approximately 0.3 east of Haymarket train station and 1.1 miles south west of the city centre.
The property lies on Grove Street, a busy thoroughfare that links the Fountainbridge area of Edinburgh with Morrison Street. The unit is surrounded by other local occupiers including a letting agency, Vietnamese restaurant and sandwich bar. As well as this commercial element, there is also a high density of residential units situated on Grove Street and surrounding streets, mainly in the form of traditional stone tenement apartments.
The area is also benefitting from significant inward investment with The Haymarket Edinburgh (THE) development under construction. THE is a significant mixed use development to comprise over 300,000 sq ft of office accommodation, 190 bedroom hotel, a 163 key bed apart-hotel and 49,000 sq ft of retail space. This new development should attract more business and customers to the area.
Accommodation
The premises have been measured in accordance with the RCIS code of measuring practice 6th edition. The floor areas are approximately as follows:
NIA – 58.25 sq m (627sq ft) or thereby
Terms
RATING ASSESSMENT - According to the Scottish Assessors Association website the property has a Rateable Value of £XXX
The property qualifies for 100% rates exemption under the Small Business Bonus Rates Relief Scheme.
LEASE TERMS - Offers in the region of £XXX per annum are invited with the property being let on a full repairing and insuring lease for a neg
VAT - All prices quoted are exclusive of VAT.
LEGAL COSTS - Each party will be responsible for paying their own legal costs incurred in this transaction.
Specification
- Prominent ground floor retail unit
- Within easy walking distance from Haymarket Station
- NIA – 58.25 sq m (627 sq ft)
- Offers around £XXX pax