Property Description
The subject comprises an office premises arranged over ground and lower ground of a 4 storey and lower ground, stone-built tenement.
Internally, the premises have been refurbished to an immaculate condition throughout providing a mixture of open plan and cellular offices. Specification includes perimeter data trunking, LED recessed downlighters and laminate flooring.
The ground floor provides a reception area and office/meeting room with the lower ground providing 5 further offices located off a central corridor with kitchen, WC and shower facilities. Each office has a lightwell providing natural light from street level.
Location
Dean Street is situated in the heart of Edinburgh’s highly sought after Stockbridge area located less than a mile to the north of the city centre.
More specifically the subject premises is at the corner of Dean Street and Cheyne Street accessible via Raeburn Place.
The area is mixed residential and commercial with a wide variety of amenities nearby including cafes, restaurants and bars. Occupiers in the immediate area include: Lifecare Edinburgh, Sainsbury’s Local, Franco Manca and Dofos Pet Centre.
Further Information
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
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Accommodation
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Sq M
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Sq Ft
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Ground Floor
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30 sq m
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323 sq ft
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Lower Ground
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52 sq m
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560 sq ft
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Total Area
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82 sq m
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883 sq ft
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Rent
Our client is seeking rental offers over £18,500 per annum exclusive of VAT.
Terms
The subjects are available for lease of full repairing and insuring terms for a period to be negotiated.
Rateable value
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £8,700 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 purchaser 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.
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