4 Gillespie Place, Bruntsfield, Edinburgh EH10 4HS
Class 1 RETAIL
93 SQ M (1,002 SQ FT)
The subject premises are located approximately one mile south of Edinburgh city centre, occupying a position on the west side of Gillespie Place close to the junction with Gillespie Crescent. This is an established inner city district made up of both commercial on the ground floor with residential uses on the upper floors stretching up through Bruntsfield and Morningside.
Gillespie Place is a busy connecting road to central Edinburgh and the property is located in relative close proximity to the Kings Theatre. Other retailers in this parade of shops comprise a beauty salon, The Blackbird Pub ad Berger and Stak Steakhouse.
Bruntsfield is a busy thoroughfare with commuters walking and driving to work as well as tourists walking to and from their accommodation. The area is a busy bus hub with routes leading to all parts of the city and Lothians.
The premise comprise a single ground floor unit beneath a pitched roof forming part of a four-storey traditional stone-built Edinburgh tenement. There’s a large double display window fronting onto Gillespie Place with a glazed entrance door to the right side. The frontage is bright and has excellent sign space above.
Internally the unit is laid out to suit the current occupiers Asian grocery store use with a large open retail space at the front and similar to the rear but currently used to house stock goods. The unit is neatly shelved out and has display fridges and freezer as well.
The basement is entered from a trapdoor style opening in the middle of the back room with a timber staircase which leads to a large open space ideal for dry storage, the WC and a small kitchen area are also located within.
RENT AND LEASE TERMS
The lease runs until June 2027 with an option to extend for a further five years on full repairing and insuring terms. The rent is £21,500 per annum and a premium of £25,000 is sought for the equipment and stock.
According to our recent measurement survey the premises contain the following approximate net internal area:
Total: 93 SQ M (1,002 SQ FT)
According to the Scottish Assessors website (www.saa.gov.uk) the property has a Rateable Value of £12,300. The uniform business rate for the current year is £0.49 pence in the pound.
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.
The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is F
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, Ime DJK Group Ltd.
0131629 5050 option 1
EPC rating: Unknown. Council tax band: X,