Retail premises to let in St. Johns Road, Edinburgh EH12

• Located in affluent Corstorphine Area
• Well established retail parade
• Price: Offers over £200,000
• Rent: Offers over £16,500 per annum

Location

Edinburgh is the capital city of Scotland with a population of approximately 550,000 persons. It is ranked as the UK’s 2nd largest financial centre and 6th largest in Europe.

The subjects are located in a highly prominent location on St Johns Road which is the main thoroughfare linking the city centre to the west of Edinburgh and the motorway network beyond. Corstorphine is an affluent residential area approximately 4 miles to the west of Edinburgh City Centre.

Nearby occupiers include Magnet, Bank of Scotland and William Hill.

Description

The subjects comprise a ground floor retail unit located within a 2 storey building of stone construction under a pitched and slated roof.

Internally the subjects are currently being utilised as a nail bar and provide a good standard of decorative finish throughout. The main sales area comprises laminate wooden floor and plasterboard lined walls and ceiling. A treatment room has been partitioned off at the rear of the sales area. To the rear is a staff room/storeroom with single WC and tea prep area to the side. Heating is provided by way of electric panel heaters in the kitchen area and air extraction is provided in the sales area.

Floor areas

The subjects provide the following net internal floor areas, measured in accordance with the RICS Code of Measuring Practice (Sixth Edition)

Ground Floor 63.1 sq m (679 sq ft)

Price

Offers over £200,000 are invited for our clients heritable interest in the subjects

Rent

Offers over £16,500 per annum.

VAT

The property has not been opted to tax and therefore no VAT is payable on the rent/price.

Rating assessment

The valuation role shows a rateable value of £14,900 with effect from 1st April 2023.

The Uniform Business Rate for the year 2023/2024 is 49.8p in the £. Water and waste water rates are also payable.

The ingoing occupier may qualify for rates relief through the Small Business Bonus Scheme.

Energy performance certificate

The property has an EPC rating of D.

Full documentation is available upon request.

Entry

On conclusion of all legalities.

Legal costs

Each party to bear their own costs in relation to the transaction. The ingoing occupier will be responsible for payment of LBTT and registration dues if applicable.

Closing date

Whilst a closing date may not necessarily be set all interested parties are advised to note their interest, in writing, to the sole agents.

Offers / viewing

All offers should be submitted in writing to the sole agents who will also make arrangements to view.