Description
Lease Disposal
115 Leith Walk EH6 8NP
Beauty Salon/Class 2 (1a)
LOCATION
The subject property is situated near the bottom of Leith Walk (A900) approximately 1.2 miles northeast of Princes Street. The Leith area of Edinburgh connects with Broughton, Queens Street, Easter Road, and the popular Shore. The unit sits on the East side of Leith Walk close to the corner of Gordon Street and is surrounded by a mix of residential tenements, retailers, restaurants, cafes, and bars. The amount of passing traffic and trade make this a popular commercial destination.
Public transport links are very good with regular bus routes stopping close to the property. The tram stops very close to the shop. Clients can benefit from parking at Tesco/Wonder World car park.
DESCRIPTION
The subjects are configured over the ground floor and comprise a double windowed retail unit, with three floors of residential properties above. The unit is full fitted out to suit most beauty/treatment style businesses, the shop benefits from an open plan reception/waiting area with nail stations and retail space to the front with a counter, this area has a high ceiling and nice lighting as well as the large windows and looks great upon entry. The back shop has been divided up to create two large treatment rooms and a spray tan booth, these could be easily removed if a larger open space was required. The WC is located to the back left of the rear room as well as a storage cupboard and a staff area.
ACCOMMODATION
According to our recent measurement survey the subject comprise the
following approximate net internal area:
Total 66 Sq m (710 Sq ft)
RENT & LEASE TERMS
The rent is currently £9,000 per annum, on full repairing and insuring terms. On September 1st this year there is a fixed review to £10,000 per annum for 3 years, then a further 5 years at £11,000 per annum. Break option in 3 year come September. The current tenant has been in for 12 years, there are just over 8 years remaining.
PREMIUM
A small premium is sought for the leasehold, fixtures and fittings.
RATEABLE VALUE
According to the Scottish Assessor?s website (www.saa.gov.uk) the subjects have a Rateable Value of £11,300 effective 1st April 2023. The uniform business rate for the current year is 49 pence in the pound. Occupiers may be eligible for 100% 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.
UTILITIES
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.
ENTRY
Upon completion of a formal missive under Scots Law.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT
and Registration Dues.
VIEWING AND FURTHER
INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.
EPC rating: Unknown. Council tax band: X,