Retail premises to let in Leith Walk, Edinburgh EH6

Location

Leith Walk is a principal commercial thoroughfare in Edinburgh city centre situated approximately 1.5 miles north of Princes Street.

The subject property is situated at the midway point of Leith Walk located on its west side close to the corners of Pilrig Street and Arthur Street.

Public transport is widely available with the nearest tram stop at Balfour Street. There is a parking bay located directly outside the shop with other restricted parking available in surrounding streets.

Commercial occupiers in the area include: First Mortgage, La Casa, Indico Health and Beauty, Epoca Vintage Clothing Shop and Braid Vets.

Description

The site lies on the west side of Leith Walk and relates to the ground floor of a 3-storey, stone-built building with a shop premises projecting forward into the street.

The building, which is Category c-listed, is located within the Pilrig Conservation Area and surrounded by similar premises and residential tenemental flats.

Internally, the premises is arranged over ground floor with a change in level after the main front shop leading through to an extensive rear shop. This comprises a number of rooms and stores of varying sizes offering flexible accommodation.

The premises has been extensively upgraded to include plasterboard walls, new wiring and fire detection system, WC and kitchen area, LED downlighters to the front shop and a refurbished shop frontage and roof.

Accommodation

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

104 sq m (1,125 sq ft)

Please refer to the available floor plan indicating layout.

Rent

Our client is seeking rental offers over £25,000 per annum to grant a new lease.

Terms

The premises are available for immediate lease on full repairing and insuring (Fri) terms for a period to be agreed.

Rateable value

According to the Scottish Assessor’s website () the subjects have a Rateable Value of £13,400 effective 1st April 2023. The threshold for full rates relief under the Small Business Bonus Scheme has changed for the financial year 2024/25. For properties with a rv between £12,001 and £15,000 the award is now 25%. The uniform business rate for the current year is £0.498 pence in the pound.

Utilities

The property is served by mains electricity and water.

Energy performance certificate

The Energy Performance Certificate rating is available on request.

Legal costs

Each party shall bear their own legal costs with the eventual purchaser liable for any Registration Dues or LBTT thereon.

Anti-money laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due dilligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.

Entry

Upon completion of a formal missive under Scots Law.

Viewing and further information

By contacting the sole letting agent:

Iain W. Mercer ba, AssocRICS
Director of Commercial Agency (East /

Bernadetta Majewska BSc (Hons) mrics
Commercial Surveyor /