Portobello is a highly sought-after suburb of Edinburgh located approximately 4 miles east of the city centre. Its popular promenade and beach ensure the area enjoys regular visitors who are also attracted to the high street’s mix of independent boutiques and national retailers.
The subjects are situated on the north side of Portobello High Street in between Figgate Street and Beach Lane. The area is mixed commercial and residential with car parking widely available and regular public transport links.
Adjoining commercial occupiers to the premises include The Beach House Bakery, Findlays of Portobello, McColls, Bank of Scotland and Semi Chem.
The subjects comprise a shop unit with a double window single glazed frontage and a recessed entrance. It is configured over ground and basement levels and forms part of a five-storey building with residential units on the upper levels.
The premises comprise an open plan shop area to the front with a WC at the midway point. To the rear of the ground floor is a staff kitchen with a staircase leading to the basement.
The basement is split into two areas and provides excellent storage space. It also benefits from a generous floor to ceiling height of between 2.2 metres and 2.3 metres. Lighting is provided by LED fittings set in a suspended ceiling with carpet tile floor coverings.
The shop front benefits from electrically operated roller shutters and an awning.
According to our recent measurement survey the premises contain the following approximate net internal area:
92.6 sq m (996.74 sq ft)
Our client is seeking offers in excess of £135,000 for their heritable interest.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £8,100 effective 1st April 2017. The uniform business rate for the current year is £0.49 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 electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is pending.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs with the eventual purchaser liable for any LBTT and Registration Dues.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, Allied Surveyors Scotland plc.
- Rarely available freehold opportunity
- Double fronted shop benefitting from strong footfall
- Generous and usable basement ideal for storage