Property Description
The subjects comprise the first floor and lower ground floor of a two storey, sandstone building contained beneath a slated roof.
The first-floor office is arranged across two inter-connecting rooms but could easily be turned into open plan space with the removal of the dividing partition. The room to the rear benefits from a WC and views over the Water of Leith.
The lower ground floor is accessed just off the main entrance and provides two spaces suitable for office use but could also provide useful storage to a single occupier of the whole premises.
On expiry of the current tenant’s lease, the landlord is planning to upgrade the premises with a specification provided to interested parties.
Location
The Leith area of Edinburgh is located approximately 4 miles to the north-east of the city centre and enjoys good transport links.
The subjects are located in a mixed commercial and residential area on the southside of Quayside Street at its junction with Sandport Place.
Local amenities are available within a short walk including a wide array of bars, cafes and restaurants at The Shore.
Nearby occupiers include: Roseleaf Bar Café, Plumbase, Aldi, Mimi’s Bakehouse and Café Truva.
Further Information
Accommodation
According to our recent measurement survey, the subjects extend to the following approximate net internal areas:
|
Sq M |
Sq FT |
| 1 Quayside Street – Lower Ground Floor Office/Storage |
39.02 |
420 |
| 3B Quayside Street – First Floor Office |
46.23 |
497 |
|
85.19 |
917 |
Rent
Our client is seeking rental offers over:
- 1 Quayside Street – £8,000 per annum
- 3B Quayside Street – £5,500 per annum
Car Parking
There is one car parking space per office available.
Terms
The subjects are available for lease on flexible terms for a term to be agreed.
Rateable Value
According to the Scottish Assessor’s website (www.saa.gov.uk) 1 Quayside Street and 3B Quayside Street have a Rateable Value of £4,200 and £5,000 respectively effective 1st April 2023. The uniform business rate for the current year is £0.498 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 served by 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 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.
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