Property Description
The subjects are arranged over ground and first floors of a two-storey building. The premises form part of a larger mixed-use development with a residential block situated to the rear.
The subjects comprise a self-contained office with main door access leading to an open plan office with kitchen and WC facilities to the rear. An internal staircase leads to an open plan first floor with a pitched ceiling arrangement and suspended LED fittings.
The premises is well-presented throughout with carpet tile floor coverings, perimeter data trunking and LED lighting. The ground floor benefits from three large patio style openings facing a shared courtyard.
The property benefits from one clear and one tandem parking space located in a secure covered car park to the rear of the building.
Location
Calton Road is located in the Holyrood district of Edinburgh city centre, approximately 1 mile east of Princes Street and only a short distance from the city’s historic Old Town.
The subject is located on the south side of the street adjacent to Campbell’s Close and set around a central and shared courtyard.
The immediate area is mixed residential and commercial and benefits from good public transport connectivity with rail, bus and tram links nearby.
On street metered parking is available on Calton Road.
Further Information
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
122.47 m2 (1,318 sq ft)
Rent
Our client is seeking rental offers over £23,000 per annum.
VAT
VAT is not applicable to the rent.
Energy Performance Certificate
A copy of the EPC can be provided on request.
Terms
The property is made available on full repairing and insuring lease terms.
Rateable Value
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £21,000 effective 1st April 2023.
The threshold for full rates relief under the Small Business Bonus Scheme has changed for the financial year 2024/25. For properties with a RV between £12,001 and £15,000 the award is now 25%. The uniform business rate for the current year is £0.498 pence in the pound.
Utilities
The property is served by mains gas, electricity and water.
Legal Costs
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
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.
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