The subjects comprise a mid terrace ground floor retail premises as part of a larger modern development comprising restaurant, office and retail premises over ground and first foor overlaid by a flat bituminous felt roof.
Internally the subjects comprise main sales area with storage and staff facilities to the rear.
Location
The property is located on South Gyle Crescent facing south close to its junction with South Gyle Crescent Lane.
The subjects are situated on a shopping parade located between Greggs the Baker & Glass Room Bistro with other neighbouring occupiers including Halfords, Royal Mail, Auto Windscreen & Edinburgh University.
Accommodation
SIZE - 1,150 sq ft
Terms
NAV/RV - The subjects have been entered onto the Lothian Valuation Joint Board with the following NAV/RV - £XXX
TERMS - Leased from Edinburgh City Council until 18.08.21 (approx 5 years remaining) at a rate of £XXX per annum.
Our client is seeking to assign this lease (subject to landlord consent CNUW) with no premium sought.
Lease extension may be possible subject to discussion with the landlord.
VAT - The subjects are not elected for VAT.
Specification
- Rent £XXX per annum
- 5 yeaers unexpired (potential for extension)
- Well presented mid terrace retail property
- Centre of commercial & residential development
- New residential developments ongoing