The property comprises a Class 1A premises arranged over the ground floor of a 4 storey traditional stone built mid terraced property which contains predominantly commercial premises on the ground floor and residential properties on the upper floors. Internally, the unit comprises an open plan office/retail space with storage and WC facilities situated to the rear of the property. The premises benefits from Class 1A consent and would suit a variety of uses including retail, office or cafe.
Location
The property is situated on the south side of East Norton Place which is a continuation of the arterial London Road which links Edinburgh to the south via the A1. Located less than ½ mile from Edinburgh's city centre within the Abbeyhill district, the unit benefits from extremely high levels of vehicular and pedestrian passing traffic. Abbeyhill has recently seen an increase in investment, including a large student accommodation development on West Norton Place. Nearby commercial occupiers include London Road Express, The Artisan, The Rosie Glow Salon, Amber Arts and Meadow Bank Retail Park which hosts a multitude of national occupiers.
Accommodation
Ground Floor 16.97 sq m (183 sqft )
Terms
Lease The subjects are offered on a full repairing and insuring basis for a new lease term, incorporating regular rent reviews at an initial rent of £650 per calendar month
Lease Terms The subjects are offered on a full repairing and insuring basis for a term to be agreed incorporating regular rent reviews.
Rent Offers over £650 per calendar month.
Rateable Value The subjects are entered in the current Valuation Roll at a rateable value of £2,300 which will allow for 100% rates relief subject to the tenants other commercial properties, if any.
Please note, a new owner or occupier of a commercial property has the right to appeal this rateable value within 4 months of the beginning of the tenancy.
Legal Costs Each party to bear their own legal costs in the documentation of this transaction; however the in-going tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereo
Specification
- Located in the popular Abbeyhill district of Edinburgh
- Offers over £650 per calendar month
- 100% Small Business Rates Relief
- Premises extend to 40.33 sqm (433 sqft)
- Suitable for a variety of uses subject to obtaining the necessary planning consents