Retail Premises To Let, 80 Montrose Terrace, Edinburgh, EH7 5DP

The subjects comprise prominent ground and basement floors of a four-storey and basement corner stone built tenement building. The ground floor consists of a customer sales area with the basement floor consisting of storage space/office and WC facilities. The unit is currently undergoing a significant cosmetic refurbishment, limiting fitout works that will be required by a new tenant.

Location

The subject premises are situated on a corner of the junction of Montrose Terrace and Abbey Street approximately one mile to the east of Edinburghs city centre. The subjects are prominently situated but within a secondary position in an established residential area close to Easter Road and Meadowbank. Montrose Terrace is a busy vehicular route forming one of the main arterial traffic routes into the city centre from the east.

Accommodation

We calculate that the subjects extend to approximately;

Ground Floor 45.91m2  (494ft2)

Basement Floor 44.29m2 (477ft2)

Remote basement 17.86m2 (192ft2)

Total: 108.06m2 (1163ft2)

Terms

RATEABLE VALUE
The subjects are entered in the current Valuation Roll at a rateable value of £XXX per annum. Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 6 months of the beginning of the tenancy agreement and this property may also be applicable for rates relief on application by tenant.

LEASE TERMS
The subjects are offered on a full repairing an insuring basis for a term to be agreed incorporating regular rent reviews at an initial rental of £XXX per annum.

EPC Energy Performance Rating – G.

VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.

LEGAL COSTS
Each party to bear their own legal costs in the documentation of this transaction; however the purchaser will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.

Specification

• Prominent corner Class 1 retail unit
• Located in the Abbeyhill district of Edinburgh
• Unit extends to 70.65m2 (760ft²)
• Offers in excess of £XXX per annum
• High vehicular and pedestrian passing trade
• Currently being refurbished to high standard
• Benefits from Small Business Rates Relief