54 Home Street, EH3 9NA
TO LET/LEASE DISPOSAL
Situated in the centre, slightly towards the top of Home Street between the junctions of Lochrin Place and Gilmore Place, the property sits in a bustling area and joins onto Lothian Road, a main route known in Edinburgh?s city centre.
Also located within a short walk from the property are the City Centre, the west end, the Meadows, the Grass Market as well as neighbouring the Kings Theatre, the Cameo Cinema and a variety of shops, bars and cafes.
The bus links are excellent with many buses passing through regularly serving the city centre and many routes out of town too.
The property has been used as a beauty salon and is situated across ground and basement floors, forming the lower part of a substantial tenement building. The front shop reception area is an attractive open space with a large feature window, the space is split between reception to the left and a nail bar occupies the rest of the area.
There are four treatment/private rooms in total with two at the rear of the ground floor and two further spaces in the basement.
WC facilities are in the centre of the ground floor, there is a staff/ kitchen area in the basement toward the shop front.
The property is in good decorative order throughout.
According to our measurement survey, the subjects comprise the following areas:
Ground Floor: 59 SQ M (630 SQ FT)
Basemant: 41 SQ M (436 SQ FT)
Total GIA: 99 SQ M (1,065 SQ FT)
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £8,000. 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 current rent is £16,000 per annum on full repairing and insuring terms for a term to be agreed.
The current tenant is leaving and there may be scope to purchase some fixtures and fittings.
The property has mains water and electricity.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is B
A copy of the EPC and recommendation report can be provided upon request.
By agreement on completion of a formal lease under Scots Law.
Each party will bear their own legal costs. The Tenant will be responsible any LBTT due on the Sale or Lease.
EPC rating: B. Council tax band: X,