Property Description
The subjects comprise a corner retail unit arranged over ground and basement levels with a three-storey tenement above.
Benefitting from a large, double window frontage the premises provides attractive retail space with LED lighting and a raised rear shop area with cupola providing natural light. Subject to planning and building warrant, there is scope to open the frontage onto Herriot Hill Terrace.
The basement, accessed by steps to the rear of the ground floor, is useable with head height of over 6ft. It provides excellent storage or workshop/service space and is currently connected to the basement serving 29 Rodney Street. The intention would be formally separate the basements to suit individual occupiers.
There is a further WC and a tea prep area in the basement.
Location
The Canonmills area of Edinburgh is a popular residential district situated less than 1 mile north of the city centre immediately adjacent to the New Town.
Rodney Street connects Broughton Street to the north and is a short distance from the St James’ Quarter. The subject property is located on the east side of Rodney Street at the corner of Herriot Hill Terrace.
Nearby commercial occupiers include The Edinburgh Honey Co, The Beer Hive, Ravenstone Property Letting and The Bearded Baker. There is also a Tesco supermarket to the north of the property within a short walk.
Metered and permit car parking is available on surrounding streets and there is public transport connections.
Further Information
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
168.66 sq m (1,815 sq ft)
Rent
Our client is seeking offers over £26,000 per annum to grant a new lease on full repairing and insuring (FRI) terms.
Rateable value
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects are listed under 26-30 Rodney Street due to its connection with the adjacent shop. The current Rateable Value is £23,800 effective 1st April 2026, however the shop would require to be reassessed once split. The uniform business rate for the current year is £0.481 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.
Utilties
The property is served by electricity, gas and water connections.
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Energy performance certificate
The Energy Performance Certificate rating is E.
Legal costs
Each party meets their own legal costs with the ingoing tenant liable for any LBTT, registration dues and VAT 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 diligence 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.
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