The subjects comprise a Class 1A premises arranged over the ground floor of a 4 storey traditional mid terraced tenement.
Internally, the accommodation comprises a front sales area which offers a flexible space for office, retail or café use. There is also a back shop and WC compartment to the rear. The premises is available for occupation immediately.
Location
The property is situated on the west side of St Leonard’ s Street between the junctions of Montague Street to the north and Bernard Terrace to the south. The premises is situated approximately half a mile south of the city centre.
The premises is located on a busy secondary retail parade popular with students within a mixed residential and commercial location. The property benefits from on street parking within close proximity to the subjects. Nearby commercial occupiers include a Lawyers, Macau Kitchen, hairdresser & Luxford Burgers and Lounge Bar.
Accommodation
Ground Floor - 51.05 sq m (550 sq ft)
The areas above have been calculated on a gross internal area basis in accordance with the RICS Property Measurement Professional Statement (Second Edition, January 2018) incorporating the International Property Measurement Standards.
Terms
LEASE - The subjects are offered on a full repairing and insuring basis for a new lease, incorporating regular rent reviews at an initial rent of £14,000 per annum.
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 thereon.
VAT - Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
EPC - Released on application.
RATEABLE VALUE - The subjects are entered in the current Valuation Roll at a rateable value of £5,300 per annum which qualifies for 100% rates relief under the Small Business Rates Relief.
Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 4 months of the beginning of the tenancy agreement and this property may also be applicable for small business rates relief.
ANTI MONEY LAUNDERING REGULATIONS - The money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires s to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.
Specification
- LOCATED WITHIN THE ST LEONARD’S DISTRICT OF EDINBURGH
- OFFERS OVER £14,000 PER ANNUM
- PREMISES EXTENDS TO 51.05 SQM / 550 SQFT
- LOCATED JUST SOUTH OF SALISBURY COURT STUDENT ACCOMMODATION
- ARRANGED OVER GROUND FLOOR
- DDA COMPLIANT
- QUALIFIES FOR 100% RATES RELIEF
- VERSATILE PROPERTY SUITABLE FOR A VARIETY OF USES SUBJECT TO THE NECESSARY PLANNING CONSENTS