Retail premises for sale in Portobello High Street, Portobello, Edinburgh EH15

Location

Portobello is a thriving and highly sought-after suburb of Edinburgh located approximately 4 miles east of the city centre. Its popular promenade and beach ensure the area enjoys regular visitors who are also attracted to the high street’s mix of independent boutiques and national retailers.

Retiral now forces the sale of the property which for many years has served as a successful family-run watchmakers and jewellers business.

The subjects are situated on the north side of Portobello High Street in between Bath Street and Regent Street. The area is mixed commercial and residential with car parking widely available and excellent public transport links.

Adjoining commercial occupiers to the premises include Sainsbury’s Local, Boots the Chemist, Greggs, the Deli Coffee Shop and Tills & Company book shop.

Description

The subjects comprise a single windowed commercial premises suitable for Class 1A uses. It is arranged over ground floor with flats to the upper levels and forms part of a two storey and attic building.

The premises comprises a sales area to the front with a staff/work room, tea prep and sink, walk-in storage and W.C to the rear.

Accommodation

According to our recent measurement survey the premises contain the following approximate net internal area:

22.43 sq m (241 sq ft)

Term

Heritable (Scottish equivalent of English freehold).

Price

Our client is seeking offers over £95,000, exclusive of VAT.

Rateable value

According to the Scottish Assessor’s website () the subjects have a Rateable Value of £4,500 effective 1st April 2023. The uniform business rate for the current year is £0.498 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 and water.

Energy performance certificate

The EPC rating is G.

A copy of the recommendation report is available on request.

Legal costs

Each party shall be responsible for their own legal costs incurred in connection with the transaction.

Entry

Upon completion of a formal missive under Scots Law.

Viewing and further information

By appointment through the sole selling agent, Allied Surveyors Scotland plc.