Property Description
The subjects are arranged over ground, mezzanine, and basement floors of a single storey building connecting with a three-storey tenement to the rear. The upper floors of the rear building are residential.
The property benefits from a double window frontage secured by a roller shutter contained beneath a flat roof projecting out from the tenement to the rear.
Internally, the premises provide open plan office space to the front, with stairs leading to the mezzanine level where there are two further office rooms, two cupboards, and W.C accommodation. The basement is currently used as a staff area/storage and is accessed via a timber staircase in the front section of the property
Location
Ferry Road is one of Edinburgh’s key arterial routes, linking Crewtoll with Leith in the city’s popular north-eastern district. The area benefits from excellent transport connections with frequent bus services providing easy access to the city center and surrounding neighbourhoods.
The subjects are located on the north side of Ferry Road close to its junction with Dudley Avenue. It is positioned within a small parade of local shops in a predominantly residential area, offering good visibility and footfall.
Nearby occupiers include: Tax Advisers, the Gold Sea Takeaway, Sport and Music Bar, Scotmid Co-operative, Boots, and Summerside Medical Centre.
Further Information
Accommodation
According to our recent measurement survey, the premises extends to the following approximate net internal area:
101.63 sq m (1,094 sq ft)
Rent
Our client is seeking rental offers over £16,500 per annum.
Lease
The property is available on a full repairing and insuring (FRI) basis for a period to be negotiated.
Rateable Value
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,300. The uniform business rate for the current year is £0.498 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.
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.
Legal Costs
Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.
Entry
Upon completion of a formal missive under Scots Law.
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