Description
26 Lochrin Buildings, Edinburgh EH3 9NB
Class 1a
LOCATION
26 Lochrin Buildings is situated on Gilmore Place, a conveniently located area in central Edinburgh. This area is just a short distance from the bustling neighbourhoods of Bruntsfield and Tollcross, providing a desirable mix of residential and commercial activities.
Public transportation options are abundant, allowing for quick and easy access to Edinburgh’s city centre, which is approximately a 10-minute walk down the road. The vicinity is home to a diverse array of cafes, restaurants, and shops. Additionally, it features educational institutions such as Edinburgh Napier University and cultural landmarks like the King’s Theatre, making it attractive to residents, students, and professionals alike.
The surrounding area boasts a mix of both national and local businesses, including popular establishments like Tuk Tuk Indian restaurant, Pepes, and Edinburgh Orthodontics.
DESCRIPTION
There is an excellent business opportunity with this ground floor and basement shop built in stone forming part of a tenement. The shop has a clean traditional frontage with nice features. Internally the ground floor is open plan, very long but a little bit narrow, it would be able to accommodate various types of business services like barbers, hairdressing and nail bars or make up bars as well as other retailers.
One of the standout features of this property is its full exemption from business rates, meaning you can focus on growing your business.
The basement is easily accessed via a timber staircase and offers plenty of storage solutions, the WC is located within the basement.
ACCOMMODATION
According to our recent measurement survey, the premises contain the following approximate net internal area:
Ground floor: 33 Sq m (352 Sq ft)
Basement: 27 Sq m (286 Sq ft)
59 sq m (638 sq ft)
RENT
A rental sum of £10,500 per annum is being sought to lease this unique property on a full repairing and insuring basis.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £4,950 effective from 1st April 2023. The uniform business rate for the current year is 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.
UTILITIES
The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is B.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their legal costs, with the eventual purchaser liable for any LBTT and Registration Dues.
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: B. Council tax band: X,