Newington Business Centre is located on the west side of Dalkeith Road (A68) between the junctions of Kilmaur Terrace and Prestonfield Avenue.
It is approximately 3 miles south-east of Edinburgh city centre and further benefits from easy access to the Edinburgh City Bypass (A720) and local public transport links.
Cameron Toll shopping centre is less than a mile to the south offering staff plenty of amenities.
Existing occcupiers within the centre include: Myreside Management, Home Link Family Support and Tower Mains.
Newington Business Centre is an attractive mews style office development accessed via a vennel off Dalkeith Road.
The development comprises eight self-contained units arranged around a central landscaped courtyard.
The subject, which is in good decorative order throughout, is arranged over ground and first floor and includes the following specification:
- Data cabling and comms facilities
- Modern LED lighting
- Kitchen facility
- DDA compliant toilet facilities
- Gas fired central heating
According to our recent measurement survey the premises contain the following approximate net internal area:
81.66 sq m (879 sq ft)
Our client is seeking rental offers over £14,500 per annum plus VAT.
We are advised the current service charge apportionment for the unit is around £250 per annum.
The premises are available for immediate let on full repairing and insuring terms for a period to be negotiated.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £10,300 effective 1st April 2023. The uniform business rate for the current year is £0.498 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.
The property is served by mains gas, electricity and water with separate meters for each supply.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
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.
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)
0131 357 4455 / 07713 626 887
Bernadetta Majewska BSc (Hons)
Graduate Commercial Surveyor
0131 357 4455 / 07917 924 112