Let Agreed
Retail
134 Dundas Street, Edinburgh, EH3 5DQ
Tenure: To Let
Size: 8.30 acres (3.36 hectares)
Rent: Offers Over £8,500 Per Annum

Key Features

  • Interesting and unique premises in heart of Edinburgh’s New Town
  • Directly opposite the New Town Quarter development
  • Suitable for range of Class 1A uses
  • Qualifies for 100% rates relief
  • Approximately 58.50 sq m (630 sq ft)

The subjects comprise a commercial unit arranged over the ground floor of a four storey tenement building, set within a terrace of shop units.  At approximately 34 metres long and 1.5 metres wide it has a unique appeal.

Internally, the property is in good condition throughout with laminate flooring and recessed LED light fittings.  The rear section benefits from a higher ceiling than the front section and also a cupola which brings in natural daylight.

To the back of the unit is a kitchen and WC facility.

Dundas Street with its high-end galleries and independent boutiques and cafes is located approximately 1 mile north of Princes Street in Edinburgh’s New Town.

The property is located on the west side of Dundas Street close to its junction with Henderson Row and Eyre Place to the north and Fettes Row to the south.

It is situated directly opposite the ongoing New Town Quarter development which will deliver 83,000 sq ft of new office accommodation and residential apartments.

Adjoining occupiers to the subject property include: Bacco Wine Merchants, Margiotta, Clark’s Bar, Brioche and One 20 Wine Café.

Accommodation

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

58.50 sq m (630 sq ft)

Rent

Our client is seeking rental offers over £8,500 per annum (£700 pcm).

Lease terms

The premises are available for immediate let on flexible 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 £6,400 effective 1st April 2023. The uniform business rate for the current year is £0.498 pence in the pound. 

Occupiers may be eligible for 100% 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 G.

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 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 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.

Viewing and further information

By contacting the sole letting agent:

Iain W. Mercer BA, AssocRICS

Director of Commercial Agency (East)

0131 357 4455 / 07713 626 887

Iain.mercer@alliedsurveyorsscotland.com

 

Bernadetta Majewska BSc (Hons)

Graduate Commercial Surveyor

0131 357 4455 / 07917 924 112

Bernadetta.majewska@alliedsurveyorsscotland.com

 

 

Iain W. Mercer

Director of Commercial Agency
Bernadetta Majewska

Commercial Surveyor - Agency and Valuation

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I recently used Allied Surveyors for the very first time and was extremely impressed with the service provided. From the initial marketing aspect to them finding a very suitable tenant to lease my premises in Edinburgh. The whole process was run smoothly and very efficiently start to finish

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