To Let

The subjects comprise a shop unit arranged over ground floor benefitting from a double window frontage with opportunity to install prominent signage above.  It forms part of a category B-listed, four storey and attic tenement building.

The unit has been separated from an adjacent retail premises and has been finished to a ‘white box’ standard ready for tenant fit out.  This would require the installation of a kitchen, extraction and WC.

St Patrick Square is located in the Newington district of Edinburgh approximately 1.5 miles south of Princes Street.

The location is popular with students, families and young professionals alike due to the wide range of local amenities, close proximity to the city centre and access to green spaces such as The Meadows and Arthur’s Seat.

The subject is located on the east side of Clerk Street directly opposite St Patrick Square. Metered parking is available in the immediate area with regular public transport options available too.

Accommodation

According to our recent measurement survey the premises contain the following approximate net internal area:

54.07 sq m (582 sq ft)

Rent

Our client is seeking offers over £19,000 per annum to grant a new lease.

Terms

The premises are made available on a full repairing and insuring terms.

Town Planning

We understand the property benefits from Class 3 restaurant planning consent. Interested parties should make their own enquiries through the planning department of City of Edinburgh Council on reference: 24/01400/FUL 24.

Rateable Value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £10,500 effective 1^st April 2023.  Occupiers may be eligible for 100% rates relief under the Small Business Bonus Scheme. The uniform business rate for the current year is £0.498 pence in the pound.

Energy Performance Certificate

The EPC rating is available on request.

Utilities

The property is served by mains electricity and water.

Legal Costs

Each party shall bear their own legal costs 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 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.

Entry

Upon completion of a formal missive under Scots Law.