The subjects comprise a well configured ground floor and basement retail unit.
Location
Edinburgh is Scotland’s capital city with a resident population of approximately 450,000 and a wider catchment in excess of 1 million persons.
Forrest Road is located in Edinburgh’s Old Town and is in an area popular with students situated in close proximity to Edinburgh University and therefore benefits from a high amount of footfall. It is approximately 1 mile south-east of Princes Street and the city centre.
The subjects are located on the east side of Forrest Road with nearby occupiers including Greggs, Shelter, STA Travel and a number of other local traders. The precise location is shown on the attached trader’s plan.
Accommodation
Gross Frontage - 22’ (6.7m)
Ground Floor - 1,005 sq.ft. (93.40 sq m)
Basement - 918 sq.ft. (85.31 sq m)
TOTAL - 1,923 sq.ft. (178.71 sq m)
Terms
RATEABLE VALUE - We have been verbally advised by Lothian Valuation Joint Board that the subjects are entered into the valuation role as follows:- £XXX
The current rate poundage is £XXX so the rates payable exclusive of water rates is £XXX
PLANNING - The property currently has the benefit of Class 1 retail use.
RENTAL - Offers in excess of £XXX per annum are invited.
LEASE - The premises are offered to let on full repairing and insuring terms for a 10 year period subject to 5 yearly rent reviews.
EPC - The EPC rating of this property is available on request.
LEGAL COST - Each party to be responsible for their own legal costs incurred in this transaction with the ingoing tenant being responsible for any Stamp Duty, Land Tax and Registration Dues.
VAT - All prices, rents, premiums, etc., are quoted exclusive of VAT.