To Let

The property comprises a retail unit arranged over ground and basement floors of a three-storey tenement contained beneath a pitched and slated roof.

The premises have been renovated throughout including a new double-window shop front.  The unit will be made available in a ‘white box’ condition ready for tenant fit out.

The basement is a generous size and accessed via a staircase to the rear of the unit.  There will be a tea prep area and a new WC.

Gillespie Place is a short link road running between Bruntsfield Place and Leven Street.  It is directly opposite Bruntsfield Links and is situated approximately 1.5 miles south of Princes Street in Edinburgh city center.

The immediate area is predominantly commercial in nature with a range of restaurants, bars and retailers in close proximity.  Access to Bruntsfield Links and The Meadows is directly across the street.

There is metered car parking available in the area with regular public transport links nearby too.

Accommodation

According to our recent measurement survey, the subjects comprise the following net internal floor area of 57.6 sq m (620 sq ft).

 

Rent

Our client is seeking rental offers over £20,500 per annum to grant a new lease.

Rateable Value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £15,400 effective 1^st April 2026.  The uniform business rate for the current year is £0.481 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 metered for mains electricity and water.

Energy Performance Certificate

The Energy Performance Certificate rating is pending.

A copy of the recommendation report is available on request.

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.

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.