Under Offer
Retail
265-267 St John's Road, Corstorphine, Edinburgh, EH12 7XD
Tenure: To Let
Size: 1,980 sq ft (184 sq m)
Rent: £42,500 Per Annum

Key Features

  • Extensive retail property with triple frontage and dual entrances
  • Situated in an affluent area approximately 5 miles west of Princess Street
  • Prominent frontage overlooking a busy thoroughfare
  • May suit alternative use such as Cafe or Restaurant
  • Approximately 184 sq m (1,980 sq ft)

The subject comprises an extensive retail unit arranged over ground and basement with a two-storey building.  The upper floor is in residential use.

The property benefits from a triple window frontage and dual entrances with prominent signage above.  Internally, the premises provides open plan retail space with a suspended ceiling, strip lighting and painted plasterboard walls.   To the rear of the ground floor is a store which is supplemented by additional stores and staff facilities in the basement.

The back wall of the property contains a number of bricked up window openings which could be reinstated

St John’s Road is a principal route and thriving retail thoroughfare running through Edinburgh’s affluent Corstorphine area, approximately 5 miles west of Princes Street.

The subject is situated on the south side of St John’s Road opposite Bank Drive and close to the Drumbrae Roundabout.

The area is mixed residential and commercial with nearby occupiers including: Guitar Guitar, Mimi’s Bakehouse, Royal Bank of Scotland and Corstorphine Lodge Hotel.

Accommodation

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

184 sq m (1,980 sq ft)

Rent

Our client is seeking rental offers of £42,500 per annum to grant a new lease.

LEASE TERMS 

The premises are available for let on 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 £23,700 effective 1st April 2023. The uniform business rate for the current year is £0.498 pence in the pound. 

Utilities

The property is served by a 3-phase electricity supply and mains water.

Energy performance certificate

The Energy Performance Certificate rating is D.

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 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 joint letting agents:

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

 

Ian Park

IPPC Commercial Property Consultants

0131 539 0407 / 07798 904 340

ip@ippc.uk.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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