145 Buccleuch Street
Newington, Edinburgh, EH8

£14,400 pa
Premium Cost: £15,000
Virtual Tour

Property Overview

  • Property ID: P629
  • Postal Code: EH8 7JQ
  • Status: For Rent
  • Type: Commercial
  • Class: 1 (Retail)
  • Property Size: 377 ft2
  • Price: £14,400 pa
  • Premium Cost: £15,000

Description

Lease Disposal
145 Buccleuch Street, Edinburgh, EH8 9NE
CLASS 2 (1a) OFFICE TO LET

LOCATION
Buccleuch Street is in the Newington district of Edinburgh and adjoins the corner of Hope Park Crescent, a continuation of Potter Row and leads to Causewayside. Edinburgh’s historic Old Town and tourist attractions are less than 1 mile from the unit.
The area is extremely popular with Edinburgh University students and there is a cosmopolitan range of commercial occupiers including convenience store operators, bars, restaurants and eateries. The open spaces of The Meadows are on the doorstep as well as numerous other location attractions and amenities.
Public transport is widely available and there is plenty of cycle routes.

DESCRIPTION
The subjects are configured over ground level and form part of a traditional Edinburgh tenement building.
A largely glass frontage provides plenty of natural light into the front shop area and the high ceilings as well as windows to the rear add to the sense of space
The unit is a typical front shop back shop layout with a toilet towards the rear. Would suit office occupiers, café use, beauticians, veterinarians, physio therapist etc…

The unit is currently used as a sandwich shop selling tea, coffee and paninis etc.., with the added element of some retail and stationary sales.

ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate internal areas:
Ground floor: 35 SQ M (377 SQ FT)

RENT & LEASE TERM
The sitting rent is £14,400 per annum with 2.5 years remaining (full repairing and insuring) lease. The landlord is willing to extend the term for future tenants no problem.

PREMIUM
A premium of £15,000 is sought.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,400.
Occupiers may be eligible for rates relief through the small business bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

UTILTIES
The property is served by mains electricity, gas and water.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.

LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues. The ingoing tenant and the outgoing tenant shall cover the landlord’s solicitor’s fee 50-50.

ENTRY
Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.
EPC rating: Unknown. Council tax band: X,